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Renovated Downtown Apartment Building
New
For Sale
$3,400,000

11 Charter St, Newburyport, MA 01950

Updated studio suites with modern finishes, smart access, individual electric controls, and on-site laundry.

Property Size5,527 SF
Days on Market2

Property Features for 11 Charter St

General Information

Standard status Active
Size 5,527 SF
Property subtype Investment

Additional Details

Sprinkler System Yes
Multifamily Units 15

Taxes and HOA fees

Annual Taxes $14,047

Amenities

on-site coin-operated laundry
smart-lock access
high-speed internet

Building Details

Building Size 5,527 SF
Year Built 1869
Buildings 1
Stories 5
Units 16
Listing Agency: Keller Williams Realty Evolution
Listed By: Christian Smith · License #9562002
Source: Elliman
Added: Aug 11 Changed: Aug 12 Last Checked: Aug 12 at 2:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Evolution

Investment Insights

Based on property information with market context.

This 1869 apartment building contains 15 renovated studio suites along with an owner/manager suite with a full bath. Renovations completed within the past 3 years include hardwood flooring, tiled bathrooms, updated cabinetry and countertops, smart-lock access, high-speed internet, and separately metered electric with individual controls. The property is fully sprinklered and has a 50-year flat roof, with coin-operated laundry available on site.

Situated in downtown Newburyport, the building is near shops, restaurants, the waterfront, and the Clipper City Rail Trail. The location has a Walk Score of 98 and a Bike Score of 59.

Key Highlights

  • 15 renovated studio suites plus an owner/manager suite with full bath
  • Renovated within the past 3 years with hardwood flooring, tiled baths, and updated cabinetry
  • Separately metered electric with individual controls in each suite

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

15
Residential units
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated studio suites with modern finishes, smart access, individual electric controls, 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 renovated studio suites plus an owner/manager suite with full bath; Renovated within the past 3 years with hardwood flooring, tiled baths, and updated cabinetry; Separately metered electric with individual controls in each suite
More about this property
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