Date
Details
Price
Change
Source
8/20/2026
Listed
$3,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$3,650,000
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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.
Full Property Details
Full Property Details for 16 Sherman St
General
- Price: $3,650,000
- Taxes: $9,362 (2025)
- Status: Active
- Type: Multi-Family
- Source: STWMLS
- MLS ID: 1421009
- Updated: 8/24/2026
- Added to Site: 14 day(s) ago
Interior
- Number of Rooms: 17
- Interior Features: Bathtub, Cathedral Ceiling(s), High Ceilings, Interior Steps, Skylights, Stall Shower, Tub Shower, Vaulted Ceiling(s)
- Fireplace: Yes
- Number of Fireplaces: 3
- Fireplace(s): Masonry, Marble
- Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
- Flooring: Carpet, Hardwood, Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Common Area
Exterior
- Exterior Features: Balcony, Deck, Porch, Patio
- Porch/Patio/Deck: Balcony, Deck, Patio, Porch
Parking
- Total Spaces: 2
- Parking Features: No Garage
Location
- County: Newport
- Subdivision: Historic Hill
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard, Central, Electric, Gas
Utilities
- Sewer: Connected, Public Sewer
- Water: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Architectural Style: Stacked
- Detached/Attached: Detached
- Construction: Drywall, Plaster, Masonry
- Basement: Yes
- Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
- Windows: Skylight(s)
- Stories/Levels: 3
- Building Size: 3600
- Finished Total: 3,600 Sq. Ft.
- Finished Above Grnd: 3,600 Sq. Ft.
- Year Built: 1850
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Lot Size: 4356
Financial Considerations
- Tax Amount: $9,362
- Tax Year: 2025
Disclosures and Reports
- 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.
- Property ID: 16SHERMANSTNEWP
- Lot Number: 48
Listed by William Raveis Inspire
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Listing agent
— 16 Sherman St —
William Raveis Inspire
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 16 Sherman St
School District:Newport School District, Newport, RI
| Name | Grades | Distance |
|---|---|---|
Frank E. Thompson Middle School 55 Broadway, Newport, RI 02840 | 5-8 | 0.1 mi |
Pell Elementary School 35 Dexter Street, Newport, RI 02840 | PK-4 | 1.3 mi |
Rogers High School 15 Wickham Road, Newport, RI 02840 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16 Sherman St
Tax History
Tax History for 16 Sherman St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,362
3%
$1,303,900
—
2024
$9,088
13%
$1,303,900
61%
2023
$8,051
3%
$811,600
—
2022
$7,799
3%
$811,600
—
2021
$7,572
-7%
$811,600
3%
2020
$8,124
—
$790,300
—
2019
$8,124
3%
$790,300
—
2018
$7,895
18%
$790,300
32%
2017
$6,692
3%
$597,000
—
2016
$6,525
2%
$597,000
—
2015
$6,370
-11%
$597,000
1%
2014
$7,143
3%
$592,300
—
2013
$6,936
—
$592,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 16 Sherman St
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 3Total Baths
- 2,532Sq. Ft.
- Single Family
- Active
- Updated 4 hours ago
- 4Beds
- 5Total Baths
- 4,400Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 5Beds
- 4Total Baths
- 2,864Sq. Ft.
- Single Family
- Active
- Updated 5 hours ago
- 3Beds
- 3Total Baths
- 1,900Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 6Total Baths
- 6,131Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 2,073Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 1Bed
- 1Total Bath
- 432Sq. Ft.
- Multi-Family
- Active
- Updated 5 days ago
- 2Units
- 4Total Beds
- 1.7Acres
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- Single Family
- Closed
- Updated 8 days ago
- 3Beds
- 3Total Baths
- 2,020Sq. Ft.
- Single Family
- Closed
- Updated 5 days ago
- 5Beds
- 3Total Baths
- 2,694Sq. Ft.
16 Sherman Street, Newport, RI 02840 (MLS# 1421009) is a Multi-Family property with 2 units containing 6 bedrooms and 3 full bathrooms. 16 Sherman Street is currently listed for $3,650,000 and was received on August 12, 2026. Want to learn more about 16 Sherman Street? Do you have questions about finding other Multi-Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.