Historic Duplex with
New
For Sale
$2,498,888
16 Sherman Street, Newport, RI 02840
A legally configured second residence provides flexibility for private guest quarters or potential rental income.
Property Size3,600 SF
Price / SF$694.14
Days on Market4
Property Features for 16 Sherman Street
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R10
Additional Details
Asking Price
$2,498,888
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,362
Amenities
Brick patios
Mature landscaping
Private garden
Balcony
EV charging
Window Unit(s)
Natural Gas, Baseboard, Central, Electric
Exterior Entry, Full, Interior Entry, Unfinished
Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
Cathedral Ceiling(s), High Ceilings, Vaulted Ceiling(s)
Masonry
No Garage
Stacked
Building Details
Building Size
3,600 SF
Year Built
1854
Buildings
1
Stories
3
Construction
Italianate
Listing Agency:
William Raveis
Listed By:
Jennifer Boarder · License #RES.0043985
(401) 252-6636
Source:
Evrealestate
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 7:39AM
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 William Raveis
Investment Insights
Based on property information with market context.
This Newport duplex offers approximately 3,600 square feet, with six bedrooms and three full bathrooms across a legal two-residence layout. The arrangement can accommodate use as a larger single home with separate quarters, or a distinct residence that may generate rental income. Brick patios and mature landscaping shape the garden, while a third-floor balcony faces west toward the Pell Bridge.
Recent work includes a replacement roof, electrical updates, foundation reinforcement, and extensive landscaping. The property also has two off-street parking spaces and EV charging. Bellevue Avenue, the harbor, Thames Street, restaurants, and shops are within easy reach of the in-town address.
Recent work includes a replacement roof, electrical updates, foundation reinforcement, and extensive landscaping. The property also has two off-street parking spaces and EV charging. Bellevue Avenue, the harbor, Thames Street, restaurants, and shops are within easy reach of the in-town address.
Key Highlights
- Legal two‑residence configuration with potential for separate guest quarters or rental income
- Approximately 3,600 square feet with six bedrooms and three full bathrooms
- Third‑floor balcony with western views toward the Pell Bridge
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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 - A legally configured second residence provides flexibility for private guest quarters or potential rental income.
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 potential for separate guest quarters or rental income; Approximately 3,600 square feet with six bedrooms and three full bathrooms; Third‑floor balcony with western views toward the Pell Bridge
