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A modern turnkey multifamily asset in the heart of downtown Newburyport, featuring fifteen renovated studio units plus a renovated manager’s office with full shower. Updated within the last three years, each suite includes hardwood floors, tiled baths, upgraded cabinets and counters, smart-lock access, and high-speed connectivity. Units offer individually controlled, separately metered electric service with additional electric baseboard heat in each bathroom. The building also includes coin-operated washers and dryers for added convenience. Streamlined systems and low-maintenance operations support flexible use under the existing lodging license. Located in a premier walkable district near shops, dining, the waterfront, and the rail trail, this property offers exceptional appeal for long-term leasing or continued lodging-based operation.Over $650,000 in gross revenue over the last operating year, reflecting over 50% YOY growth. Full financials, T12 bookkeeper verified.
General Information for 11 Charter St Newburyport, MA 01950 |
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| Town | Newburyport |
| County | Essex |
| Stories | 5 |
| SQFT | 5,527 |
| Status | Available |
| Listing Number | 73450760 (MLSPIN) |
Rooms Information for 11 Charter St Newburyport, MA 01950 |
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| Laundry | Gas Dryer Hookup |
Interior Information for 11 Charter St Newburyport, MA 01950 |
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| Basement | Full |
| Interior Features | Floored Attic Storage Studio Stone/Granite/Solid Counters High Speed Internet Upgraded Cabinets Upgraded Countertops Remodeled Laundry Room Office/Den Bathroom with Shower Stall Smart Thermostat Living Room Kitchen Tile Hardwood Wood Stone/Ceramic Tile |
| Heating | Common Wall Unit Electric Individual Unit Control Ductless |
| Cooling | Common None Individual Unit Control Ductless |
| Appliances | Range Oven Microwave Refrigerator Freezer |
Exterior Information for 11 Charter St Newburyport, MA 01950 |
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| Lot Size | 0.10 acres |
| Lot Description | Cleared Level |
| Construction | Frame |
| Parking | Spaces: 6 Paved Drive Off Street |
| Lot | Cleared Level |
| Water | Public |
| Sewer | Public Sewer |
| Exterior Features | Rain Gutters Fenced/Enclosed Fenced |
Neighborhood Information for 11 Charter St Newburyport, MA 01950 |
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| Neighborhood Amenities | Public Transportation Shopping Tennis Court(s) Park Walk/Jog Trails Golf Medical Facility Laundromat Bike Path Highway Access House of Worship Marina Private School Public School T-Station |
Miscellaneous Information for 11 Charter St Newburyport, MA 01950 |
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| Year Built | 1869 |
| Association Fee | 0 |
| Taxes | $14,047 /Yr |
| Comp | |
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| Condo | Data |
|---|---|
| Units | 5,617 |
| Avg Price | $939,572 |
| Avg Days Listed | 117 |
| Total New Listings | 9 |
| House | Data |
|---|---|
| Units | 9,468 |
| Avg Price | $1,199,723 |
| Avg Days Listed | 103 |
| Total New Listings | 10 |
| Multi-Family | Data |
|---|---|
| Units | 1,927 |
| Avg Price | $1,354,406 |
| Avg Days Listed | 122 |
| Total New Listings | 0 |
For a more detailed market analyis one of our real estate agents can provide you with a full report.
| Address | Closing Date | List Price | Closing Price | % of List Price |
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| Listing: 1 of 1 | Updated 59 minutes ago |
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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