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Kim Marion

[email protected] +1(401) 692-1644

$ 3,395,000

Est. payment -/mo

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Price Dropped by $255K

16 Sherman ST Newport, RI 02840

6 Beds

3 Baths

3,600 SqFt

Open House

Sun Aug 30, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $943

Subdivision Historic Hill

MLS Listing ID 1421009

Style Stacked

Bedrooms 6

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 3,600

Year Built 1850

Annual Tax Amount $9,362

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Multi Family

Property 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 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.

Location

State RI

County Newport

Community Historic Hill

Zoning R10

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Bathtub, Cathedral Ceiling(s), High Ceilings, Interior Steps, Skylights, Stall Shower, Tub Shower, Vaulted Ceiling(s)

Heating Baseboard, Central, Electric, Gas

Cooling Window Unit(s)

Flooring Carpet, Hardwood, Laminate

Fireplaces Number 3

Fireplaces Type Masonry, Marble

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.

Fireplace Yes

Window Features Skylight(s)

Appliance Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer

Laundry Common Area

Exterior

Exterior Feature Balcony, Deck, Porch, Patio

Utilities Available Sewer Connected

Porch Balcony, Deck, Patio, Porch

Total Parking Spaces 2

Garage No

Building

Foundation Combination

Sewer Connected, Public Sewer

Water Connected

Architectural Style Stacked

Structure Type Drywall,Plaster,Masonry

New Construction No

Others

Senior Community No

Tax ID 16SHERMANSTNEWP

Virtual Tour https://tour.RiLiving.com/16-Sherman-Street-Newport-RI-02840

Listed by William Raveis Inspire

NEARBY SCHOOLS & PROPERTIES

Kim Marion

GLOBAL ADVISOR, REALTOR License ID: RI 0042828 & MA 1000591

+1(401) 692-1644

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