Search
Furnished Duplex with Decks
For Sale
$2,700,000

217 E Balboa Boulevard Newport, Newport Beach, CA 92661

Two furnished units offer licensed short-term rental use, outdoor space, garages, and shared laundry facilities.

Property SizeContact for details
Days on Market451

Property Features for 217 E Balboa Boulevard Newport

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Duplex

Amenities

outdoor front patio
large front deck
rear deck
common laundry room
fully furnished
Wall Furnace
Dishwasher
Disposal
Gas Oven
Gas Range
Gas Water Heater
Microwave
Refrigerator
Dryer
Washer
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Composition

Building Details

Year Built 1956
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Ricci Realty
Listed By: Albert Ricci · License #01011606
Source: Kw
Added: Jul 4, 2025 Changed: Sep 26 Last Checked: Sep 26 at 1:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ricci Realty

Investment Insights

Based on property information with market context.

This 1956 duplex contains an upper residence and a lower residence, each with a living room, dining area, open kitchen, two large bedrooms, and a full bath with shower. The lower unit includes a front patio and a 2-car garage accessed from the rear alley. The upper unit features a large front deck, a rear deck with a partial ocean view, and a 1-car garage. Both residences are furnished for short-term rental use with televisions, bedding, kitchenware, and other household essentials. A shared laundry room includes a washer and dryer.

The property is located at 217 E Balboa Boulevard in Newport Beach, two blocks from the ferry and one block from the pier, with the fun zone within walking distance. Both units are licensed short-term rentals with the city, and the existing permits may be assumed. Interior features include dishwashers, disposals, gas ovens and ranges, gas water heaters, microwaves, refrigerators, and additional laundry appliances.

Key Highlights

  • Two‑unit duplex with upper and lower residences, each offering 2 bedrooms and a full bath with shower
  • Both units are licensed short‑term rentals with the city of Newport Beach
  • Lower unit includes a front patio and 2‑car garage; upper unit has front and rear decks plus a 1‑car garage

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Daycare Center Auto Repair Shop Barber Shop HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

615
Businesses Nearby

Demographics for 92661, CA

3,457
Population
2,727
Households
1.3
Avg Household Size
48
Median Age
58%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
4,939
Density / Sq Mi
$209,620
Median Household Income
$135,407
Median Earnings
$2,836
Median Rent
$2,000,001
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two furnished units offer licensed short-term rental use, outdoor space, garages, and shared laundry facilities.
Where is this duplex located?
The property is located at 217 E Balboa Boulevard Newport Newport Beach, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Two‑unit duplex with upper and lower residences, each offering 2 bedrooms and a full bath with shower; Both units are licensed short‑term rentals with the city of Newport Beach; Lower unit includes a front patio and 2‑car garage; upper unit has front and rear decks plus a 1‑car garage
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message