Multi Family at 16 Sherman Street, Newport
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30 photos

$2,900,000

16 Sherman Street
Newport, RI 02840
Listed by Jennifer Boarder
Bedrooms
6
Bathrooms
3
Living area
N/A
Year built
1850

About this home

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.

Highlights

Fireplace

Property details

MLS #
1421009
Property type
Multi Family
Subdivision
Historic Hill
Status
Active
Days on market
26
On market date
August 12, 2026
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
2
Lot size
0.1 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Claiborne Pell Elementary
1.27 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
744
Student:teacher ratio
10.9:1
District
Newport
Middle
Frank E. Thompson Middle
0.1 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
565
Student:teacher ratio
9.7:1
District
Newport
High
Newport Area Career Tech Ctr
1.61 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
District
Newport

Walkability

Blended score for Newport's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

93
Highly walkable
out of 100
EPA National Walkability Index
17.7 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks20
Schools11
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Newport, from live MLS data.

On the market 26 days -- 53 fewer days than Newport's current average of 79 days.
For reference, the median list price across 717 active listings in Newport right now is $5,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$17,614/mo
$580,000 down
$2,320,000 loan
Principal & interest$15,047
Property tax (est.)$2,417
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 10 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.