About 11 Charter St
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.
Features of 11 Charter St
| MLS® # | 73450760 |
|---|---|
| Price | $3,600,000 |
| Bedrooms | 16 |
| Bathrooms | 16.00 |
| Full Baths | 16 |
| Square Footage | 5,527 |
| Acres | 0.10 |
| Year Built | 1869 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 11 Charter St |
|---|---|
| City | Newburyport |
| County | Essex |
| State | MA |
| Zip Code | 01950 |
Amenities
| Utilities | for Electric Range, for Electric Oven, for Gas Dryer |
|---|---|
| Parking Spaces | 6 |
| Parking | Paved Drive, Off Street |
| Is Waterfront | No |
| Waterfront | Ocean, River, Beach Ownership(Public) |
| Has Pool | No |
Interior
| 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 |
|---|---|
| Appliances | Range, Oven, Microwave, Refrigerator, Freezer |
| Heating | Common, Wall Unit, Electric, Individual, Unit Control, Ductless |
| Cooling | Common, None, Individual, Unit Control, Ductless |
| Fireplace | No |
| # of Stories | 5 |
| Stories | 5 |
Exterior
| Exterior Features | Rain Gutters |
|---|---|
| Lot Description | Cleared, Level |
| Windows | Screens |
| Roof | Shingle |
| Construction | Frame |
| Foundation | Concrete Perimeter |
Additional Information
| Zoning | B2 |
|---|
Listing Details
| Agent | Christian Smith |
|---|---|
| Office | Keller Williams Realty Evolution |