16 Sherman Street Newport, RI $ 2,498,888
16 Sherman Street
$ 2,498,888
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16 Sherman Street

Newport, RI, 02840
$ 2,498,888
Bedrooms6 Baths3.0 Sq 3,600

Monthly Estimate*

$ 15,778

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Multi-Family Home for sale in Newport, RI

for $2,498,888 with 6 bedrooms and 3 full baths. This 3,600 square foot home was built in 1854 on a lot size of 0.1.

Newly offered at $2,498,888. There are houses to be admired, and houses made for living. 16 Sherman Street is decidedly both. This handsome 1856 Italianate in Newport's Historic Hill offers approximately 3,600 square feet, six bedrooms, three full baths and gracious spaces made for gathering. For years, its rooms have welcomed holiday dinners, summer cocktails, family celebrations and weekends filled with friends. Brick patios and mature landscaping create a private garden for long lunches and summer evenings, while the third-floor balcony offers western views toward the Pell Bridge. The legal two-residence configuration provides exceptional flexibility: enjoy the property as a substantial single-family home with private quarters for family and out-of-town guests, or use the separate residence for potential rental income. Everyone can come, everyone can stay and still have a little space of their own. Recent improvements include a new roof, updated electrical systems, engineered foundation reinforcement and extensive landscaping. Two off-street parking spaces and EV charging add convenience. From this in-town location, Bellevue Avenue, the harbor, Thames Street, restaurants and shops are within easy reach. A house with history, its real story is the life that happens here: summer evenings in the garden, holiday tables surrounded by family, friends from afar in their own private space, and Newport just beyond the front door. Offers to be submitted by Tuesday 9/22 at 5 PM.

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Multi-Family Active

Price

$ 2,498,888

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,362

Style

Lot Size

0.1

Year Built

1854

Town/City

Newport

County/Region

Newport

MLS | Web ID

1424268

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 1854
Electric 200+ Amp Service
Property Subtype Multi Family
Tax Year 2025
County Newport
Operating Expense 0
New Construction false
Property Type Residential Income
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--1424268
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 See Recent Upgrades Sheet. There is no current rental record as the current owners have enjoyed the home as a single family home with an extensive guest or au pair suite. 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

$16,558
Per Month
95%
5%
0%
Monthly Principal & Interest
$15,778
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
9/24/2026$2,498,888 Listed Price

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16 Sherman Street, Newport, RI, 02840 is a Multi-Family Home for sale at $2,498,888 with 3,600 sqft and a lot size of 0.1. 16 Sherman Street has 6 bedrooms, 3.0 baths, and was built in 1854. The property's zip code is 02840 which is in Newport, RI