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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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
CAP Rate: 0.97%
Beach Front
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 Tax$14,047
Annual Income & Unit Breakdown for 11 Charter St, Newburyport MA 01950
Total Gross Income (Calculated)$48,000
Unit 1
Rental Income$2,000
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,000
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 11 Charter St, Newburyport MA 01950
Disclosures for 11 Charter St, Newburyport MA 01950
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureMeasurements are approximate, buyer to verify and
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$48,000
Total Net Income By Broker$48,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 11 Charter St, Newburyport MA 01950
Real Estate Taxes$14,047
Tax Year2025
Assessed Value$1,466,300
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$48,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$48,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)0.97%
Location Information for 11 Charter St, Newburyport MA 01950
Elementary School
Middle School
High School
Neighborhood(s)Ipswich
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), Marina, Private School
Contact Information for 11 Charter St, Newburyport MA 01950