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38 Sheafe St
38 Sheafe St
38 Sheafe St
38 Sheafe St
38 Sheafe St
38 Sheafe St
38 Sheafe St
38 Sheafe St
38 Sheafe St
38 Sheafe St
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$1,950,000

38 Sheafe St

4 Beds 4 Baths

Description

Rarely available & lovingly owned by the same family for generations, this exceptionally maintained 4-family property presents a unique opportunity in the heart of Boston’s historic North End. Strong investment with substantial value-add potential. Pro forma rental income at current market rates is projected at over $140K annually. 2 of the 4 units are currently occupied by family members without leases & are significantly below market rent. The remaining 2 units are also below market value with leases in place through 8/31/26. Property features an extraordinary duplex-style layout with finished lower level, private patio access, & in-unit laundry. 1 of the units has long functioned as a 2-bedroom. Major property improvements include roof in 2023 & hot water tank in 2024. Potential future roof deck opportunity. A rare chance to own a generational asset in one of Boston’s most iconic & sought-after neighborhoods, surrounded by renowned restaurants, cafes, waterfront, downtown & the "T".

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Location

38 Sheafe St, North End, MA 02113

Status

Sold

Date Sold

August 3, 2026
Shad Ghazarian

Shad Ghazarian

TITLE

Real Estate Broker | Founder

NORTH END

Its character is woven through the neighborhood's narrow, yet vibrant streets.

Property Amenities

Interior
Total Bedrooms: 4
Area & Lot
MLS® ID 73515576
Status Sold
Finance
Sales Price $1,950,000

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