3 Sharon CT Save Request In-Person Tour Request Virtual Tour
Newport,RI 02840
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,649 sqft
Price per Sqft $603
Subdivision Fifth Ward / Wellington
MLS Listing ID 1392320
Bedrooms 4
Full Baths 2
Year Built 1900
Annual Tax Amount $6,481
Tax Year 2024
Lot Size 2,321 Sqft
Property Sub-Type Multi Family
Property Description
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.
Location
State RI
County Newport
Community Fifth Ward / Wellington
Zoning R10
Interior
Heating Baseboard,Gas,Hot Water,Zoned
Cooling None
Flooring Hardwood,Vinyl
Fireplaces Type None
Inclusions Unit 1 is leased through May 2026. Unit 2 is currently unoccupied. Seller prefers a mid-October closing and to convey the property fully furnished.
Laundry Common Area,In Unit
Exterior
Community Features Marina,Near Schools,Recreation Area,Restaurant,Shopping
Utilities Available Sewer Connected
Building
Foundation Stone
Sewer Connected,Public Sewer
Water Connected,Public
Structure Type Vinyl Siding
New Construction No
Others
Virtual Tour https://tour.RiLiving.com/3-Sharon-Court-Newport-RI-02840