3 Sharon Ct Newport, RI 02840
Fifth Ward NeighborhoodEstimated payment $5,815/month
Highlights
- Marina
- Attic
- Tankless Water Heater
- Wood Flooring
- Recreation Facilities
- 3-minute walk to Spencer Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,481
Year Built
- Built in 1900
Lot Details
- 2,320 Sq Ft Lot
Home Design
- Stone Foundation
- Vinyl Siding
Interior Spaces
- 1,649 Sq Ft Home
- 3-Story Property
- Permanent Attic Stairs
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 4 Parking Spaces
- No Garage
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- 100 Amp Service
- Tankless Water Heater
- Gas Water Heater
Listing and Financial Details
- Tax Lot 403
- Assessor Parcel Number 3SHARONCTNEWP
Community Details
Overview
- 2 Units
- Fifth Ward / Wellington Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Marina
- Recreation Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,661 | $788,500 | $347,800 | $440,700 |
| 2024 | $6,481 | $788,500 | $347,800 | $440,700 |
| 2023 | $5,033 | $507,400 | $227,300 | $280,100 |
| 2022 | $4,876 | $507,400 | $227,300 | $280,100 |
| 2021 | $4,734 | $507,400 | $227,300 | $280,100 |
| 2020 | $4,255 | $413,900 | $217,700 | $196,200 |
| 2019 | $4,255 | $413,900 | $217,700 | $196,200 |
| 2018 | $4,135 | $413,900 | $217,700 | $196,200 |
| 2017 | $3,674 | $327,700 | $155,700 | $172,000 |
| 2016 | $3,582 | $327,700 | $155,700 | $172,000 |
| 2015 | $3,497 | $327,700 | $155,700 | $172,000 |
| 2014 | $3,425 | $284,000 | $132,300 | $151,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/28/2025 09/28/25 | Pending | -- | -- | -- |
| 08/14/2025 08/14/25 | For Sale | $995,000 | 0.0% | $603 / Sq Ft |
| 07/19/2018 07/19/18 | Rented | $3,500 | -16.7% | -- |
| 06/19/2018 06/19/18 | Under Contract | -- | -- | -- |
| 04/07/2018 04/07/18 | For Rent | $4,200 | 0.0% | -- |
| 03/14/2018 03/14/18 | Sold | $525,000 | -15.2% | $306 / Sq Ft |
| 02/12/2018 02/12/18 | Pending | -- | -- | -- |
| 10/27/2017 10/27/17 | For Sale | $619,000 | +253.7% | $361 / Sq Ft |
| 05/18/2012 05/18/12 | Sold | $175,000 | +3.6% | $132 / Sq Ft |
| 04/18/2012 04/18/12 | Pending | -- | -- | -- |
| 03/28/2012 03/28/12 | For Sale | $169,000 | -- | $127 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $525,000 | -- | |
| Warranty Deed | $175,000 | -- | |
| Warranty Deed | $175,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $507,478 | FHA | |
| Previous Owner | $250,000 | New Conventional |
Source: State-Wide MLS
MLS Number: 1392320
APN: NEWP-000039-000000-000403
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