Two-Residence Duplex with
16 Sherman Street, Newport, RI 02840
For Sale
$2,498,888
Residential Income, Newport, RI
Property Size3,600 SF
Lot Size0.10 Acres
Price / SF$694.14
Days on Market48
Property Features for 16 Sherman Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Fireplace
Basement
Appliances
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Amenities
private patio
balcony
private garden
EV charging
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
William Raveis Inspire
(401) 846-3800
Listed By:
Jennifer Boarder · License RI RES.0043985
(401) 252-6636
Added: Sep 24
Changed: Nov 9
Last Checked: Nov 10 at 10:06AM
MLS# 1424268
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Newport property contains two legal residences totaling approximately 3,600 square feet on a 0.1-acre lot. The main home has four bedrooms, while the separate penthouse offers two bedrooms, a private patio, and a third-floor balcony with views toward the Pell Bridge. The property includes three full bathrooms, brick patios, landscaped outdoor areas, and a fireplace. Recent work includes roof replacement, electrical updates, and extensive landscaping.
Located on Sherman Street in Newport’s Historic Hill, the property is within easy reach of Bellevue Avenue, the harbor, Thames Street, restaurants, and shops. Its R10 zoning and two-unit configuration are central features of the property.
Located on Sherman Street in Newport’s Historic Hill, the property is within easy reach of Bellevue Avenue, the harbor, Thames Street, restaurants, and shops. Its R10 zoning and two-unit configuration are central features of the property.
Key Highlights
- Legal two‑residence configuration with six bedrooms and three full bathrooms
- Approximately 3,600 square feet on a 0.1‑acre lot
- Separate two‑bedroom penthouse with private patio and third‑floor balcony
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,650
Businesses Nearby
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Business Placement
Demographics for 02840, RI
23,902
Population
13,515
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,274
Density / Sq Mi
$83,515
Median Household Income
$41,228
Median Earnings
$1,610
Median Rent
$669,500
Median Home Value
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Market
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Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A legal two-residence layout pairs a four-bedroom home with a separate two-bedroom penthouse.
Where is this duplex located?
The property is located at 16 Sherman Street Newport, RI.
What is the asking price?
The asking price for this property is $2,498,888.
What are key features of this property?
This property features: Legal two‑residence configuration with six bedrooms and three full bathrooms; Approximately 3,600 square feet on a 0.1‑acre lot; Separate two‑bedroom penthouse with private patio and third‑floor balcony
