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11 Charter St, Newburyport MA 01950

$3,500,000

Estimated $6,846/month Calculator

Multi Family

Total Units: 15

Price Per Unit: $233,333.33

Total Rent: 48000/year

Estimated CAP Rate:

15 Bedrooms

Baths

4492

Total Parking: 6

4,492 (0.10)

15 Units. Situated on the highly desirable Charter Street, this turnkey, tech-forward boutique hotel represents a premier investment opportunity directly in downtown Newburyport. The 15-unit property is thoughtfully designed, featuring modern furnishings, Yale smart locks, a state-of-the-art surveillance system, and a fully automated "faceless" operation—ideal for the demands of modern hospitality. Additional amenities include a dedicated management office with a full bathroom, storage closets, a laundry room, and separately metered utilities. Guests or tenants will appreciate the property’s prime location, offering easy access to downtown Newburyport’s vibrant attractions, Plum Island’s picturesque beaches, and the Boston MBTA train. With its seamless operations and revenue-ready setup, this property is poised for immediate success.

This home has been viewed 152 times

Last Checked: March 12th, 2025 at 4:19am (Source: MLS PIN #73323988)

Gross Income: $48,000

Gross Expenses: $14,047

Net Income Calc: $33,953

Annual Expenses for 11 Charter St, Newburyport MA 01950

Total Gross Expenses (Calculated)$14,047/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14047

Annual Income & Unit Breakdown for 11 Charter St, Newburyport MA 01950

Total Gross Income (Calculated)$48,000

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 11 Charter St, Newburyport MA 01950

Listing ID73323988

Property TypeMulti Family

Price3500000 ($779.16/SqFt)

Style5+ Family - 5+ Units Up/down

CityNewburyport

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total4492

Approximate Lot Size (Acres)0.1

Total Parking6

Garage Parking0

Year Built1869

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningSPR1

Water Views

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 11 Charter St, Newburyport MA 01950

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsGenerator

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 11 Charter St, Newburyport MA 01950

Real Estate Taxes14047

Tax Year2025

Assessed Value$1,466,300

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 11 Charter St, Newburyport MA 01950

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 11 Charter St, Newburyport MA 01950

Agent

Name: Christian Smith

Office

Name: Keller Williams Realty Evolution

Phone: 978-927-8700

Payment Calculator

, Interest

Property Taxes 1170.58

Principal & Interest 21565.89

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty Evolution

Christian Smith

Agent Phone

Office Phone

(978) 927-8700

Text Agent Call Agent Call Office

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    [description] => 15 Units. Situated on the highly desirable Charter Street, this turnkey, tech-forward boutique hotel represents a premier investment opportunity directly in downtown Newburyport. The 15-unit property is thoughtfully designed, featuring modern furnishings, Yale smart locks, a state-of-the-art surveillance system, and a fully automated "faceless" operation—ideal for the demands of modern hospitality. Additional amenities include a dedicated management office with a full bathroom, storage closets, a laundry room, and separately metered utilities. Guests or tenants will appreciate the property’s prime location, offering easy access to downtown Newburyport’s vibrant attractions, Plum Island’s picturesque beaches, and the Boston MBTA train. With its seamless operations and revenue-ready setup, this property is poised for immediate success.
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    [unparsed] => 11 Charter St, Newburyport MA 01950
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EXIT

20 More Photos

Withdrawn

11 Charter St, Newburyport MA 01950

$3,500,000

Annual Expenses for 11 Charter St, Newburyport MA 01950

Annual Income & Unit Breakdown for 11 Charter St, Newburyport MA 01950

General Information for 11 Charter St, Newburyport MA 01950

Disclosures for 11 Charter St, Newburyport MA 01950

Financial Information for 11 Charter St, Newburyport MA 01950

Location Information for 11 Charter St, Newburyport MA 01950

Contact Information for 11 Charter St, Newburyport MA 01950

Agent

Office

Payment Calculator

Exclusive Listing Agent

Keller Williams Realty Evolution

Christian Smith