13 Sherman Street Newport

$2,198,000
4 4 2,748 sq ft

The Property

Set in one of Newport’s most vibrant downtown locations, this exceptional four-family residence places you just moments from the city’s top dining, shopping, and waterfront attractions. This building was comprehensively reimagined in 2022, delivering modern design while honoring elements of its historic character. The property is offered fully furnished and presents a rare turnkey investment or lifestyle opportunity. Each unit is filled with natural light and thoughtfully finished, featuring elevated ceilings, refined bathrooms with custom tile work and rain-style showers, and contemporary kitchens outfitted with stainless steel appliances, quartz surfaces, soft-close shaker cabinetry, and beautiful tile details.

Restored hardwood flooring runs throughout, adding warmth and continuity to the interiors. The property is well-equipped with individual utilities, gas-fired heating systems, newer hot water tanks, air conditioning, and in-unit laundry in all residences. Outdoor spaces include rear decks and assigned off-street parking for four vehicles. Additional amenities include private unit entrances and shared basement storage. With proven rental performance across all units, this property presents multiple strategies—owner occupancy with supplemental income, full investment, or future condominium conversion potential.

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Listing Details

MLS Number

1402660

Lot Size:

0.12 acres

Features

  • Basement: Full, Bulkhead, Unfinished, Storage Space, Utility
  • Bus
  • Commuter Bus
  • Golf
  • Highway Access
  • Hospital
  • Marina
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Deck
  • Heating: Natural Gas, Forced Air
  • Heating Fuel: Natural Gas, Forced Air
  • Laundry
  • Local Historic District
  • Fenced
  • Paved Driveway
  • Sidewalks
  • Year Built: 1850
  • Water Amenities: Walk to Salt Water

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Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today70-93.4% decrease in inventory
    New on Market *1911.8% increase in new listings
    Avg. Asking Price/Sq.Ft. *$880.57$342 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,321,501$119,740 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.57%2.4% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$704.10$80 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *909 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Serhant Rhode Island

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