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Renovated Apartment Building
For Sale
$3,400,000

11 Charter St, Newburyport, MA 01950

Residential Income, Newburyport, MA

Property Size5,527 SF
Lot Size0.10 Acres
Price / SF$615.16
Days on Market15

Property Features for 11 Charter St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning B2
Bedrooms 16
Bathrooms 16
Full bathrooms 16
Rooms Bathroom 1, Bedroom 9, Bathroom 7, Bedroom 5, Bathroom 11, Bedroom 14, Bedroom 13, Bathroom 6, Bedroom 10, Bathroom 4, Bedroom 6, Bedroom 8, Bedroom 15, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 15, Bedroom 7, Bathroom 10, Bedroom 1, Bedroom 2, Bedroom 11, Bedroom 4, Bathroom 13, Bedroom 16, Bathroom 12, Bedroom 12, Bathroom 14, Bathroom 16, Bathroom 8, Bathroom 9
Parking 6
Directions Sate St. left on Charter St.
Standard status Active
APN M:0006 B:0035 L:0000,2084632
Size 5,527 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 14047

Amenities

hardwood flooring
tiled baths
updated cabinetry and countertops
smart-lock access
high-speed internet
separately metered electric
on-site coin-operated laundry

Building Details

Year built 1869
Floors in Building 5
Number of units 16
Listing Agency: Keller Williams Realty Evolution
Listed By: Keller Williams Realty Evolution
Added: Aug 10 Changed: Aug 19 Last Checked: Aug 24 at 3:06PM
MLS# 73561596

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 5,527-square-foot apartment building contains 15 studio suites along with a separate owner or manager suite with a full bath. Renovations completed within the past 3 years added hardwood floors, tiled bathrooms, refreshed cabinetry and countertops, smart-lock entry, high-speed internet, and individual electric metering and controls. The property also has a full sprinkler system, a 50-year flat roof, and coin-operated laundry on site.

Built in 1869 on 0.1006 acres, the building is zoned B2 and positioned in downtown Newburyport. Shops, restaurants, the waterfront, and the Clipper City Rail Trail are nearby, providing direct access to the surrounding downtown setting.

Key Highlights

  • 15 studio suites plus an owner or manager suite with full bath
  • 5,527 SF apartment building on 0.1006 acres
  • Renovations completed within the past 3 years

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Daycare Center Food Market Catering Service (Bike/Boat/Book/etc) Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

1,792
Businesses Nearby

Demographics for 01950, MA

18,289
Population
8,298
Households
2.2
Avg Household Size
50
Median Age
66%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,177
Density / Sq Mi
$144,259
Median Household Income
$85,573
Median Earnings
$1,511
Median Rent
$792,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Downtown multifamily property with updated suites and on-site laundry.
Where is this apartment building located?
The property is located at 11 Charter St Newburyport, MA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 15 studio suites plus an owner or manager suite with full bath; 5,527 SF apartment building on 0.1006 acres; Renovations completed within the past 3 years
More about this property
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