11 Charter St Newburyport, MA 01950
Estimated payment $20,108/month
Highlights
- Marina
- Golf Course Community
- Deck
- Newburyport High School Rated A-
- Medical Services
- 3-minute walk to Inn Street Playground
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,047
Year Built
- Built in 1869
Lot Details
- 4,380 Sq Ft Lot
- Fenced
- Level Lot
- Cleared Lot
Home Design
- Studio
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- Window Screens
- Living Room
- Home Office
- Storage
- Gas Dryer Hookup
- Basement Fills Entire Space Under The House
- Home Security System
Kitchen
- Oven
- Range
- Microwave
- Freezer
- Solid Surface Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Full Bathrooms
- Separate Shower
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Deck
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Utilities
- Ductless Heating Or Cooling System
- 16 Cooling Zones
- 18 Heating Zones
- Individual Controls for Heating
- Heating System Mounted To A Wall or Window
- Separate Meters
- 220 Volts
- High Speed Internet
Listing and Financial Details
- Rent includes unit 1(water none), unit 2(water), unit 3(water), unit 4(water)
- Tax Block 0035
- Assessor Parcel Number M:0006 B:0035 L:0000,2084632
Community Details
Overview
- 16 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $18,000
- Insurance Expense $12,300
- Water Sewer Expense $24,100
- Operating Expense $255,100
- Net Operating Income $420,705
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,047 | $1,466,300 | $538,300 | $928,000 |
| 2024 | $13,586 | $1,362,700 | $489,300 | $873,400 |
| 2023 | $13,239 | $1,232,700 | $397,100 | $835,600 |
| 2022 | $13,354 | $1,111,900 | $330,900 | $781,000 |
| 2021 | $12,871 | $1,018,300 | $300,800 | $717,500 |
| 2020 | $12,427 | $967,800 | $300,800 | $667,000 |
| 2019 | $11,285 | $862,800 | $300,800 | $562,000 |
| 2018 | $11,138 | $840,000 | $286,500 | $553,500 |
| 2017 | $10,155 | $755,000 | $272,900 | $482,100 |
| 2016 | $9,669 | $722,100 | $259,900 | $462,200 |
| 2015 | -- | $528,400 | $259,900 | $268,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/03/2025 11/03/25 | For Sale | $3,600,000 | 0.0% | $651 / Sq Ft | |
| 02/08/2020 02/08/20 | Rented | $1,150 | 0.0% | -- | |
| 02/08/2020 02/08/20 | Under Contract | -- | -- | -- | |
| 02/03/2020 02/03/20 | For Rent | $1,150 | +4.5% | -- | |
| 02/16/2018 02/16/18 | Rented | $1,100 | 0.0% | -- | |
| 02/16/2018 02/16/18 | For Rent | $1,100 | +10.0% | -- | |
| 07/28/2015 07/28/15 | Rented | $1,000 | 0.0% | -- | |
| 07/28/2015 07/28/15 | For Rent | $1,000 | 0.0% | -- | |
| 11/21/2014 11/21/14 | Sold | $655,000 | +0.8% | $160 / Sq Ft | View Prior Sale |
| 10/22/2014 10/22/14 | Pending | -- | -- | -- | |
| 06/05/2014 06/05/14 | For Sale | $650,000 | -- | $159 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $655,000 | -- | |
| Quit Claim Deed | $655,000 | -- | |
| Land Court Massachusetts | -- | -- | |
| Land Court Massachusetts | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,487,500 | New Conventional | |
| Closed | $0 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73450760
APN: NEWP-000006-000035
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