6 beds3,600 sqft$1,014/sqft
16 Sherman St, Newport, RI 02840
Est: $19,333/moGet pre-approved

Description

A grand two-family residence in the heart of Newport's Historic Hill, 16 Sherman offers approximately 3,600 square feet of living space with six bedrooms and three full baths. Its scale, private outdoor areas and exceptional walkability create a rare opportunity for owner-occupancy, or investment in one of Newport's most desirable neighborhoods. The expansive main residence occupies the first two floors and would make an impressive owner's unit. Traditionally Newport in character, it features high...A grand two-family residence in the heart of Newport's Historic Hill, 16 Sherman offers approximately 3,600 square feet of living space with six bedrooms and three full baths. Its scale, private outdoor areas and exceptional walkability create a rare opportunity for owner-occupancy, or investment in one of Newport's most desirable neighborhoods. The expansive main residence occupies the first two floors and would make an impressive owner's unit. Traditionally Newport in character, it features high ceilings, generously proportioned rooms, original architectural details and higher-end finishes. A private, mature garden and brick patio provide secluded outdoor spaces for dining, entertaining and daily enjoyment. The third floor is a completely separate apartment. Its bright, modern design offers a striking contrast to the traditional residence below. The apartment also enjoys its own private outdoor spaces: a west-facing balcony with views toward the Pell Bridge and Newport's spectacular sunsets and its own outdoor garden patio. Recent improvements to the property include a new roof, updated electrical systems, professionally engineered foundation reinforcement and extensive landscaping. Off-street parking for two cars and an EV charger add everyday convenience. A distinctive Historic Hill property offering two private residences, separate outdoor retreats and the freedom to experience Newport largely on foot. Also offered as a single-family residence under MLS #1420425.
LISTING UPDATED: 08/24/2026 11:12 AM

  1. Listed by Jennifer Boarder • Brokerage DRE #REB.0019029 • William Raveis Inspire
    P: (401) 252-6636 jmb.tbd@gmail.com

Property Details for 16 Sherman Street

Status
MLS #
1421009
Days on Market
4
Taxes
$9,362 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1850
Lot Size
0.10 AC / 4,356 SF
Subdivision Name
Historic Hill
Architectural Style
Stacked

Location

Listing Courtesy of William Raveis Inspire
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Building Information for 16 Sherman Street

Stories3Residences2Year Built1850Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$19,333 per month

30 year fixed, 6.55% Interest

Principal and Interest

$18,553

Property Taxes

$780

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 16 Sherman Street

Summary
Location and General Information
  • City: Newport
  • Postal City: Newport
  • Postal Code: 02840
  • Postal Code Plus4: 2924
  • State Or Province: RI
  • Zoning: R10
  • Human Modified Y N: Yes
Parking
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 2
Taxes and HOA Information
  • Tax Annual Amount: $9,362.00
  • Tax Assessed Value: 1303900
  • Tax Lot: 048
  • Tax Map Number: 21
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 3600.0
  • Building Area Total: 3600.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.1
  • Lot Size Area: 4356.0
  • Lot Size Square Feet: 4356.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 16SHERMANSTNEWP
  • Stories Total: 3
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1850
  • C L I P: 3,451,469,083
Utilities
  • Electric: Amps200Or More
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Deck, Porch, Patio
  • Foundation Details: Combination
Interior Features
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplace Features: Masonry, Marble
  • Fireplaces Total: 3
  • Fireplace Y N: Yes
  • Flooring: Carpet, Hardwood, Laminate
  • Heating: Baseboard, Central, Electric, Gas
  • Heating Y N: Yes
  • Interior Features: Bathtub, Cathedral Ceilings, High Ceilings, Interior Steps, Skylights, Stall Shower, Tub Shower, Vaulted Ceilings
  • Laundry Features: Common Area
  • Patio And Porch Features: Balcony, Deck, Patio, Porch
  • Rooms Total: 17
  • Window Features: Skylights
Multi Family
Unit 1 Information
  • Actual Rent: $4,000.00
  • Type: Two Bedroom
  • Occupant Type: Owner
  • Unit Type Area: 1200.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
Unit 2 Information
  • Actual Rent: $4,500.00
  • Type: Four Bedroom Or More
  • Occupant Type: Owner
  • Unit Type Area: 2400.0
  • Baths Total: 2
  • Beds Total: 4
  • Num of Full Baths: 2
Rental
Rental Information
  • Land Lease Y N: No

Property History for 16 Sherman Street

DateEvent & SourcePriceAppreciation
Aug 12, 2026

Listed (Active)

Rhode Island Association of REALTORS® #1421009

$3,650,000
Aug 12, 2026

Listed (Active)

Rhode Island Association of REALTORS® #1420425

$3,650,000
Dec 28, 2021

Sold

Rhode Island Association of REALTORS® #1300622

$1,390,000
DateEvent & SourcePrice
08/12/2026

Listed (Active)

Rhode Island Association of REALTORS® #1421009

$3,650,000
08/12/2026

Listed (Active)

Rhode Island Association of REALTORS® #1420425

$3,650,000
12/28/2021

Sold

Rhode Island Association of REALTORS® #1300622

$1,390,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 16 Sherman Street

Taxable ValueLand$563,200Additions$740,700Total$1,303,900
Tax Record2025$9,362 ($780 / month)
Home Facts
Baths2.5Total Finished SqFt3,010 SqFtAbove Grade Finished SqFt3,010 SqFtStories3Lot Size4,221 SqFtStyleMulti-Family Dwelling (2-4)Year Built1850Year Renovated1982ZoningR10CountyNEWPORTAPNNEWP M:021 B:0048

Schools near 16 Sherman Street

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
Public - 9 to 12
Rating
School
Distance
Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Pell Elementary School
PublicPK to 4

Newport Area Career Tech Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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16 Sherman Street is a multi-family home for sale in Newport, RI 02840. This property was listed for sale on August 12, 2026 by William Raveis Inspire, it's currently listed at $3,650,000. It has been on the market for a total of 4 days and was last sold on December 28, 2021. This listing's school district is Newport School District. Nearby schools include Frank E. Thompson Middle School, Rogers High School and Pell Elementary School. 16 Sherman Street is a 6-bed, 3-bath, 3,600 sqft multi-family home built in 1850.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of William Raveis Inspire

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.