3 Sharon Court Newport

$995,000
4 2 1,649 sq ft

The Property

3 Sharon Court is an updated duplex in a prime downtown Newport location, just three doors off Thames Street. This turnkey multi-family property includes off-street parking for up to 4 cars, separate utilities, and individual laundry for each unit, making it a standout opportunity for both investors and owner-occupants. The property features two 2-bedroom, 1-bathroom units. One is leased through May 2026, providing immediate rental income, while the other is vacant and ready for occupancy.

Recent updates include a roof replaced five years ago, new PVC plumbing, updated electrical systems, a new patio, an outdoor shower, and low-maintenance vinyl siding. Unit 1 has a newly installed Navien combi-boiler system (less than a year old), providing efficient heating and hot water. Both units feature refinished hardwood floors, updated bathrooms, and kitchens with stainless steel appliances, gas ranges, and granite countertops. Separate utilities keep owner expenses to a minimum, with tenants responsible for utility costs. The seller prefers to sell the property furnished, making it an ideal turnkey option for buyers. One block from Newport Harbor, great restaurants, and local shops, THIS is the one you’ve been waiting for.

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Listing Details

MLS Number

1392320

Lot Size:

0.05 acres

Features

  • Basement: Full, Interior Only, Unfinished
  • Marina
  • Public School
  • Recreational Facilities
  • Restaurants
  • Shopping
  • Near Swimming
  • Heating: Natural Gas, Baseboard, Forced Water, Gas Connected, Zoned
  • Heating Fuel: Natural Gas, Baseboard, Forced Water, Gas Connected, Zoned
  • Laundry
  • Year Built: 1900

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Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today78-93% decrease in inventory
    New on Market *15-42.3% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$531.99$199 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,383,742$928,925 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *96.24%2.9% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$769.85$109 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *781 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

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