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For sale
    • Price cut: $50K (10/6)
    $1,200,000

    7 Sheffield Ave, Newport, RI 02840

    3beds
    2,085sqft
    : 
    $7,740/mo
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    Multi Family
    Built in 1850
    -- sqft lot
    $-- Zestimate®
    $576/sqft
    $-- HOA

    What's special

    Thoughtfully renovated two-unit multi-family home with an oversized yard, perfect for various living arrangements or investment opportunities. This property has excellent curb appeal and offers a modern living with air conditioning, stunning sawn-face white oak and hickory floors throughout and in-unit laundry facilities as well as newly added off-street parking. The upper unit is a two-bedroom, two-bathroom duplex featuring two spacious decks with breathtaking bridge views with a true primary oasis on the upper level. The first-floor unit features one bedroom, one bathroom, and a versatile office space with views of the back yard. Each unit boasts separate outdoor spaces, ensuring privacy and comfort. Enjoy the convenience of off-street parking for four vehicles, making urban living hassle-free. The home is equipped with efficient separate heat/ac as well as separate water meters for each unit. A large full basement provides ample storage space with easy exterior access. Situated close to the vibrant Newport scene and the Navy base, this property is a perfect fit for owner-occupants, multi-generational living setups, or investors seeking a valuable addition to their portfolio. First Floor, Unit A lease in place until Nov 30,2026
    6 days
    402
    11

    Zillow last checked:

    Listing updated:

    Listed by:

    Newport Living Group 401-338-3771,

    Lila Delman Compass

    Source: StateWide MLS RI,MLS#: 1425301MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Bathroom
      • Features: Bath w Tub, Bath w Shower Stall
      Heating
      • Electric, Natural Gas, Baseboard, Forced Air, Heat Pump
      Cooling
      • Central Air, Ductless
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Gas Water Heater, Tankless Water Heater
      • Laundry: In Unit
      Features
      • Wall (Cermaic), Wall (Dry Wall), Wall (Plaster), Stairs, Insulation (Walls)
      • Flooring: Ceramic Tile, Hardwood
      • Windows: Insulated Windows
      • Basement: Full,Bulkhead,Unfinished,Storage Space,Utility
      • Has fireplace: No
      Interior area
      • Total structure area: 2,079
      • Total interior livable area: 2,085 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 8
      • Parking features: No Garage
      • Garage spaces: 4
      Features
      • Stories: 3
      • Patio & porch: Deck, Patio, Porch
      • Exterior features: Balcony
      Lot
      • Size: 4,922 Square Feet
      Details
      • Parcel number: NEWPM010B0111
      • Zoning: R10

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Ceramic, Dry Wall, Plaster, Clapboard
      • Foundation: Mixed
      Condition
      • New construction: No
      • Year built: 1850

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Sewer: Public Sewer
      • Water: Individual Meter, Public
      • Utilities for property: Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Near Public Transport, Commuter Bus, Golf, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
      • Subdivision: Malbone - Van Zandt
      HOA
      • Has HOA: No
      Location
      • Region: Newport

      Financial & listing details

      • Price per square foot: $576/sqft
      • Tax assessed value: $476,100
      • Annual tax amount: $3,913
      • Date on market: 10/6/2026
      • Inclusions: Non-Resident / Non-Owner Occupied: $8.82 per $1, 000 Resident / Owner-Occupied: $7.25 per $1, 000 Year-Round Landlords: $8.22 per $1, 000 (applies to landlords of residential properties of 3 units or less who rent to year-round Newport residents)
      • Total actual rent: 5550
      • Tenant pays: Heat

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/6/2026Price change$1,200,000-4%$576/sqft
        Source: StateWide MLS RI #1425301 Report a problem
        9/11/2026Price change$1,250,000-3.8%$600/sqft
        Source: StateWide MLS RI #1413550 Report a problem
        5/26/2026Listed for sale$1,299,999$624/sqft
        Source: StateWide MLS RI #1413550 Report a problem
        12/29/2025Listing removed$1,299,999$624/sqft
        Source: StateWide MLS RI #1395636 Report a problem
        10/21/2025Price change$1,299,999-3.7%$624/sqft
        Source: StateWide MLS RI #1395636 Report a problem
        9/22/2025Listed for sale$1,349,999+82.4%$647/sqft
        Source: StateWide MLS RI #1395636 Report a problem
        6/14/2024Sold$740,000-7.5%$355/sqft
        Source: StateWide MLS RI #1357057 Report a problem
        4/17/2024Pending sale$799,900$384/sqft
        Source: StateWide MLS RI #1357057 Report a problem
        4/17/2024Listed for sale$799,900$384/sqft
        Source: StateWide MLS RI #1357057 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,137 +7.7%$476,100 +1.8%
        2024$3,843 +35%$467,500 +57.8%
        2023$2,847 $296,300
        2022$2,847 +3%$296,300
        2021$2,764 +1.5%$296,300 +11.9%
        2020$2,722 $264,800
        2019$2,722 +2.9%$264,800
        2018$2,645 +6.5%$264,800 +19.5%
        2017$2,483 +2.6%$221,500
        2016$2,421 +2.5%$221,500
        2015$2,363 -4.8%$221,500 +7.6%
        2014$2,482 +6.2%$205,800
        2012$2,338 +1.7%$205,800 -11.1%
        2011$2,299 +3.9%$231,500
        2010$2,213 +2.8%$231,500 +2.4%
        2009$2,152 -20.6%$226,000 -27.7%
        2008$2,709 +4%$312,400
        2007$2,605 +4%$312,400
        2006$2,505 +11%$312,400 +97.8%
        2005$2,256 +11.2%$157,900
        2002$2,029 $157,900
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Kerry Hill/Van Zandt

        Getting around

        59 / 100
        Somewhat Walkable
        35 / 100
        Some Transit
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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