13 Sherman Street Newport, RI $ 2,099,000
13 Sherman Street
$ 2,099,000
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13 Sherman Street

Newport, RI, 02840
$ 2,099,000
Bedrooms4 Baths4.0 Sq 2,748

Monthly Estimate*

$ 12,924

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Multi-Family Home for sale in Newport, RI

for $2,099,000 with 4 bedrooms and 4 full baths. This 2,748 square foot home was built in 1850 on a lot size of 0.12.

Set in one of Newport's most vibrant downtown locations, this exceptional four-family residence places you just moments from the city's top dining, shopping, and waterfront attractions. This building was comprehensively reimagined in 2022, delivering modern design while honoring elements of its historic character. The property is offered fully furnished and presents a rare turnkey investment or lifestyle opportunity. Each unit is filled with natural light and thoughtfully finished, featuring elevated ceilings, refined bathrooms with custom tile work and rain-style showers, and contemporary kitchens outfitted with stainless steel appliances, quartz surfaces, soft-close shaker cabinetry, and beautiful tile details. Restored hardwood flooring runs throughout, adding warmth and continuity to the interiors. The property is well-equipped with individual utilities, gas-fired heating systems, newer hot water tanks, air conditioning, and in-unit laundry in all residences. Outdoor spaces include rear decks and assigned off-street parking for four vehicles. Additional amenities include private unit entrances and shared basement storage. With proven rental performance across all units, this property presents multiple strategies owner occupancy with supplemental income, full investment, or future condominium conversion potential.

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Multi-Family Active

Price

$ 2,099,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 17,899

Style

Lot Size

0.12

Year Built

1850

Town/City

Newport

County/Region

Newport

MLS | Web ID

1410939

Features
General
Sewer Connected Public Sewer
Heating Ductless Forced Air Gas
Cooling Ductless
Utilities Sewer Connected
Possession Close Through 45 Days Immediately Rental Agreement
Zoning R3
Garage Spaces 0
Patio/Porch Features Deck
Construction Materials Drywall Clapboard Wood Siding
Year Built 1850
Electric 200+ Amp Service
Levels One
Property Subtype Multi Family
Tax Year 2025
Waterfront Features Walk to Water
Community Features Golf Highway Access Marina Near Hospital Near Schools Pool Public Transportation Recreation Area Restaurant Shopping Tennis Court(s) Sidewalks
County Newport
Operating Expense 0
New Construction false
Property Type Residential Income
Subdivision Name Historic Hill
Garage Y/N false
Total Rooms 12
Full Baths 4
Status Active
City Newport
Senior Community Y/N false
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 5227
Land Lease Y/N false
Tax Annual Amount 17899
Virtual Tour https://www.youtube.com/watch?v=3WvbGtzETAk
Structure Type Apartment
Standard Status Active
Tax Assessed Value 1662500
Tax Lot 042
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Interior
Interior Amenities Interior Steps Skylights Stall Shower Furnished Cable TV
Basement Full Unfinished
Flooring Ceramic Tile Hardwood Laminate
Furnished Y/N Furnished
Total Fireplaces 0
Fireplace Features None
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features Skylight(s)
Fireplace Y/N false
Half Baths 0
Laundry Features In Unit
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Deck Paved Driveway
Fencing Fenced
Parking Features No Garage
Water Source Connected Public
Total Parking 4
Inclusions All Units are currently occupied with Tenants in place until 2026. See Supplements for Lease Details and Rental Info.
Lot Size Area 5227
Foundation Details Combination
Number of Buildings 1
Building Area Total 2748
Lot Size Acres 0.12
Covered Spaces 0
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* Excluded Features
List By
Serhant New England

Broker

tammybass@serhant.com

Email

Affordability Calculator

$14,415
Per Month
90%
10%
0%
Monthly Principal & Interest
$12,924
Monthly Property Taxes
$1,492
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
4/25/2026$2,099,000 Listed Price

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13 Sherman Street, Newport, RI, 02840 is a Multi-Family Home for sale at $2,099,000 with 2,748 sqft and a lot size of 0.12. 13 Sherman Street has 4 bedrooms, 4.0 baths, and was built in 1850. The property's zip code is 02840 which is in Newport, RI