Historic Duplex with Victorian
For Sale
$3,650,000
16 Sherman Street, Newport, RI 02840
Residential Income, Newport, RI
Property Size3,600 SF
Lot Size0.10 Acres
Price / SF$1,013
Days on Market11
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
Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 2, Basement, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 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, Full, Unfinished
Appliances
Gas Water Heater, Dishwasher, Dryer, Disposal, Range Hood, Oven/Range, Refrigerator, Washer
Subdivision
Historic Hill
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
Electric (Heating), Baseboard, Central, Natural Gas
Cooling system
Window Unit(s)
Amenities
private garden
private bricked patio
balcony
EV charger
Building Details
Year built
1850
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: Aug 12
Changed: Aug 21
Last Checked: Aug 22 at 12:06PM
MLS# 1421009
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.
Built in 1850, this 3,600-square-foot duplex combines Italianate Victorian architecture with a flexible residential layout. The first and second floors form a substantial apartment with four bedrooms, two full bathrooms, formal living and dining rooms, an eat-in kitchen, office, and an additional living room. A separate third-floor apartment provides an open-concept arrangement with cathedral ceilings, a newer kitchen and bath, fresh paint, and updated carpeting.
Outdoor features include a balcony, multiple patios, a porch, private garden areas, and a brick patio serving the third-floor entrance. The property also includes a new roof, updated electrical work, new landscaping, central and baseboard heating, window-unit cooling, and public sewer service. Located in Newport’s Historic Hill neighborhood, the home has views toward Pell Bridge and is zoned R10.
Outdoor features include a balcony, multiple patios, a porch, private garden areas, and a brick patio serving the third-floor entrance. The property also includes a new roof, updated electrical work, new landscaping, central and baseboard heating, window-unit cooling, and public sewer service. Located in Newport’s Historic Hill neighborhood, the home has views toward Pell Bridge and is zoned R10.
Key Highlights
- Two legal apartments within a 3,600‑square‑foot duplex
- Six‑bedroom layout with 3 bathrooms
- Third‑floor apartment has cathedral ceilings, newer kitchen and bath, fresh paint, and updated carpeting
Property Analytics
Property Profile
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
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 - Two legal apartments offer flexible residential income use alongside historic architectural details and updated third-floor living space.
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 $3,650,000.
What are key features of this property?
This property features: Two legal apartments within a 3,600‑square‑foot duplex; Six‑bedroom layout with 3 bathrooms; Third‑floor apartment has cathedral ceilings, newer kitchen and bath, fresh paint, and updated carpeting
