465 3rd Avenue, Newport, MN 55055

Property Description

Almost completely rebuilt in approximately 2002, this up and down duplex blends historic character with extensive modern updates and strong investment appeal. Originally built in 1890 and offering two units with a total of five bedrooms and two bathrooms, the property sits on a spacious 0.32 acre corner lot in a quiet Newport neighborhood near parks and schools. The upper unit features two bedrooms, a full bath, and a large eat in kitchen that opens to comfortable living space, while the lower unit offers three bedrooms or two plus an office, a beautifully tiled three quarter bath, generous living and dining areas, and a large private deck. Both units include their own washer and dryer, central air, and separate furnaces, along with newer refrigerators, stoves, microwaves, and laundry appliances. Major recent improvements include a new roof on the house and garage, new rubber flat roof sections, new siding, and new gutters in 2024, plus all three exterior doors replaced, a new garage service door, a new lower unit deck, and a new upper entry deck in 2025. The upper unit furnace and both air conditioning units have been replaced. Water and hot water are shared and paid by the landlord with a single water heater, while all other utilities are split. A two car detached garage and spacious yard complete this well maintained property, ideal for owner occupants or investors seeking a solid, updated duplex.