Two-Residence
New
For Sale
$2,498,888
16 Sherman Street, Newport, RI 02840
Residential Income, Newport, RI
Property Size3,600 SF
Lot Size0.10 Acres
Price / SF$694.14
Days on Market3
Property Features for 16 Sherman Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R10
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 2, Basement, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking
2
Parking features
None
Window features
Skylight(s)
Patio and Porch features
Porch, Patio, Deck
Interior features
Wall (Dry Wall), Wall (Plaster), Cathedral Ceilings, Stairs
Exterior features
Balcony, Deck, Patio, Porch
Fireplace
1
Basement
Storage Space, Unfinished, Full
Appliances
Gas Water Heater, Dishwasher, Dryer, Disposal, Range Hood, Oven/Range, Refrigerator, Washer
Lot features
Local Historic District
Standard status
Active
Size
3,600 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9362
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Central, Electric (Heating)
Cooling system
Window Unit(s)
Amenities
brick patios
private garden
third-floor balcony
EV charging
Building Details
Year built
1854
Floors in Building
3
Number of units
2
Flooring type
Carpet, Laminate, Hardwood
Building materials
Dry Wall, Plaster, Masonry
Listing Agency:
William Raveis Inspire
(401) 846-3800
Listed By:
Jennifer Boarder
(401) 252-6636
Added: Sep 24
Last Checked: Sep 26 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.
Investment Insights
Based on property information with market context.
This Newport duplex contains two legal residences within approximately 3,600 square feet, with six bedrooms and three full bathrooms. Interior spaces include cathedral ceilings, and exterior features include a balcony, deck, porch and patio. Recent work includes a replacement roof, electrical updates, foundation reinforcement and landscaping. The property sits on a 0.1-acre lot and is zoned R10.
Bellevue Avenue, the harbor, Thames Street, restaurants and shops are within easy reach of the in-town address. The separate residential configuration supports use as two living spaces or as one residence with a distinct second unit.
Bellevue Avenue, the harbor, Thames Street, restaurants and shops are within easy reach of the in-town address. The separate residential configuration supports use as two living spaces or as one residence with a distinct second unit.
Key Highlights
- Two legal residences in approximately 3,600 square feet
- Six bedrooms and three full bathrooms
- 0.1‑acre lot with R10 zoning
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,650
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A legally configured pair of residences offers the option to occupy both or use one as a separate rental residence.
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: Two legal residences in approximately 3,600 square feet; Six bedrooms and three full bathrooms; 0.1‑acre lot with R10 zoning
