Overview Property Details Payment Calculator Walkability

Withdrawn

11 Charter St, Newburyport MA 01950

$3,500,000

Estimated $6,845.81/month Calculator

Multi Family

Total Units: 15

Price Per Unit: $233,333.33

Total Rent: 48000/year

Estimated CAP Rate: 0.97%

15 Bedrooms

16 Full Baths

4,492 SqFt

Total Parking: 6

4,492 SqFt

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...

This home has been viewed 75 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

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

Listing ID73323988

Property TypeMulti Family

Price$3,500,000 ($779.16/SqFt)

Style5+ Family - 5+ Units Up/down

CityNewburyport

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total4,492 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking6

Garage Parking

Year Built1869

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCleared

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningSPR1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesRiver, Ocean, Beach Front, Beach Ownership(public)

Energy Features

Terms

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

Agent

Name: Christian Smith

MLS ID: CN229241

Office ID: AN6888

National Association ID: 452018030

Address: 8 Waterside Lane

City: West Newbury

State: MA

Zip: 01985

Office

Name: Keller Williams Realty Evolution

MLS Office ID: C95098

Phone: 978-927-8700

Team Members

Name: Sterling Seymour

MLS ID: CN247119

Office ID: AN6888

National Association ID: 454008764

Phone: 978-504-0559

City: Merrimac

State: MA

Payment Calculator

$22,736.47 per month

30 Years Fixed, 6.75% Interest

Property Taxes $1,170.58

Principal & Interest $21,565.89

HOA Dues $0

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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EXIT

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

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Keller Williams Realty Evolution

Christian Smith