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$995,000

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4 Beds

2 Baths

1,649 SqFt

Open Sat 1PM-2:30PM

3 Sharon CT Newport, RI 02840

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Chris Lynch

christopherlynch24@gmail.com +1(401) 261-4124

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Sun Aug 24, 1:00pm - 2:30pm

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

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

HOA Y/N No

Abv Grd Liv Area 1,649

Year Built 1900

Annual Tax Amount $6,481

Tax Year 2024

Lot Size 2,321 Sqft

Acres 0.0533

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

Rooms

Basement Full, Interior Entry, Unfinished

Interior

Interior Features Attic, Permanent Attic Stairs, Storage, Stall Shower

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.

Fireplace No

Appliance Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer

Laundry Common Area, In Unit

Exterior

Community Features Marina, Near Schools, Recreation Area, Restaurant, Shopping

Utilities Available Sewer Connected

Total Parking Spaces 4

Garage No

Building

Foundation Stone

Sewer Connected, Public Sewer

Water Connected, Public

Structure Type Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 3SHARONCTNEWP

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Chris Lynch

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+1(401) 261-4124

3 Sharon CT Newport, RI 02840

Chris Lynch

Open House

Key Details

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Rooms

Interior

Exterior

Building

Others

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3 Sharon CT