16 Sherman Street Newport, RI $ 3,650,000
16 Sherman Street
$ 3,650,000
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16 Sherman Street

Newport, RI, 02840
$ 3,650,000
Bedrooms6 Baths3.0 Sq 3,600

Monthly Estimate*

$ 23,046

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Multi-Family Home for sale in Newport, RI

for $3,650,000 with 6 bedrooms and 3 full baths. This 3,600 square foot home was built in 1850 on a lot size of 0.1.

Historic Italianate Victorian in Newport's Historic Hill neighborhood with spectacular Pell Bridge views. The home has been enjoyed as a single family for several years with the third being used as a luxurious guest suite. There are two legal apartments that retain all the potential for rental income. The first two floors are one large potential apartment with one bedroom and a full bath on the first floor and three additional bedrooms and full bath on the second floor. The first floor has a formal living room and dining room as well as an eat in kitchen and office while the second floor has a fabulous second living room for watching TV, reading, or playing games. The third floor apartment is a contemporary open floor plan with cathedral ceilings throughout. A new kitchen and bath fresh paint and updated carpeting make this a modern yet cozy space. The view from the balcony is a dream. The third floor apartment also enjoys a new private bricked patio with a shade tree leading to its private entrance. The flexible use of this beautiful historic home also makes a wonderful single family home with six bedrooms, a private garden and several patios, new roof and electrical and new landscaping with a brick two car driveway with EV charger. The home has the scale and character of a true Newport home with thoughtful updates for today. A special property in a wonderful location. Open Houses August 21, 22, and 23. Also listed under MLS # 1420425

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Multi-Family Active

Price

$ 3,650,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,362

Style

Lot Size

0.1

Year Built

1850

Town/City

Newport

County/Region

Newport

MLS | Web ID

1421009

Features
General
Sewer Connected Public Sewer
Heating Baseboard Central Electric Gas
Cooling Window Unit(s)
Utilities Sewer Connected
Possession Close Through 45 Days
Zoning R10
Garage Spaces 0
Patio/Porch Features Balcony Deck Patio Porch
Construction Materials Drywall Plaster Masonry
Year Built 1850
Electric 200+ Amp Service
Property Subtype Multi Family
Tax Year 2025
County Newport
Operating Expense 0
New Construction false
Property Type Residential Income
Subdivision Name Historic Hill
Garage Y/N false
Total Rooms 17
Full Baths 3
Status Active
City Newport
Senior Community Y/N false
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 4356
Land Lease Y/N false
Tax Annual Amount 9362
Virtual Tour https://tour.RiLiving.com/16-Sherman-Street-Newport-RI-02840
Standard Status Active
Tax Assessed Value 1303900
Tax Lot 048
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Interior
Interior Amenities Bathtub Cathedral Ceiling(s) High Ceilings Interior Steps Skylights Stall Shower Tub Shower Vaulted Ceiling(s)
Basement Exterior Entry Full Interior Entry Unfinished
Flooring Carpet Hardwood Laminate
Total Fireplaces 3
Fireplace Features Masonry Marble
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features Skylight(s)
Fireplace Y/N true
Half Baths 0
Laundry Features Common Area
Total Bedrooms 6
Total Baths 3
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Exterior
Exterior Amenities Balcony Deck Porch Patio
Parking Features No Garage
Water Source Connected
Total Parking 2
Inclusions The current owners have enjoyed the home as a single family home. The 3rd floor apartment could rent for 3-4K per month. See local rental rates for Historic Hill 4 Br and 2 Br apts with Pell Bridge views and private outdoor spaces and parking. Each unit is allowed a guest parking pass issued by the city.
Lot Size Area 4356
Foundation Details Combination
Number of Buildings 1
Building Area Total 3600
Lot Size Acres 0.1
Covered Spaces 0
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* Excluded Features
List By
William Raveis Inspire

Broker

jmb.tbd@gmail.com

Email

Affordability Calculator

$23,827
Per Month
97%
3%
0%
Monthly Principal & Interest
$23,046
Monthly Property Taxes
$780
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/20/2026$3,650,000 Listed Price

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16 Sherman Street, Newport, RI, 02840 is a Multi-Family Home for sale at $3,650,000 with 3,600 sqft and a lot size of 0.1. 16 Sherman Street has 6 bedrooms, 3.0 baths, and was built in 1850. The property's zip code is 02840 which is in Newport, RI