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 Updated: February 2nd, 2025 at 5:43am
Walk/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
General Information for 11 Charter St, Newburyport, Massachusetts 01950
Property TypeResidential Income
Property Sub TypeMulti Family
Price$4,150,000
Price per sqft$923.86
MLS #73323988
Handicap Access / FeaturesNo
List Date2025-01-07
Special Listing Conditions
StateMassachusetts
Street NameCharter St
CityNewburyport
Zip Code01950
CountyEssex
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date26/03/2025
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total4492
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress11 Charter St, Newburyport MA 01950
Zoning
Interior Features for 11 Charter St, Newburyport, Massachusetts 01950
* Approx. Living Area Total4,492 sq ft
Living Area Includes BasementNo
Bedrooms15
* # Fireplaces0
Bathrooms (Total)16
Full Baths16
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area DisclosureMeasurements are approximate, buyer to verify and
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_11
MLSPIN_BEDRMS_21
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 11 Charter St, Newburyport, Massachusetts 01950
* Approximate Lot Size0.1 acres
Covered Parking Spaces0
Lot FeaturesCleared
* Parking Spaces6
* Sewer Utilities
* Water Utilities
* Year Built1869
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsStone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)4,492 Sqft
Disclosures for 11 Charter St, Newburyport, Massachusetts 01950
Buyer Agent Compensation
ContingencyPending P&S
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area DisclosureMeasurements are approximate, buyer to verify and
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 11 Charter St, Newburyport, Massachusetts 01950
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$48,000
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT12000
MLSPIN_RENT22000
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$48,000
OperatingExpense$0
OriginalListPrice$4,150,000
RENT_FEE_INCLUDES
TOTAL_RENT4000
WaterSewerExpense$0
Lifestyle Information for 11 Charter St, Newburyport, Massachusetts 01950
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront FeaturesBeach Front, Beach Ownership(public), Ocean, River
Location information for 11 Charter St, Newburyport, Massachusetts 01950
Elementary School
Middle School
High School
NumberOfUnitsTotal15
Marketing History for 11 Charter St, Newburyport, Massachusetts 01950
MLSPIN_MARKET_TIME_BROKER25
MLSPIN_MARKET_TIME_PROPERTY25
PurchaseContractDate2025-01-18
Agent Information for 11 Charter St, Newburyport, Massachusetts 01950