7 Sheffield Ave, Newport, RI, 02840
About This Home
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. Current leases in place until Dec 31,2026
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1850
Materials
- Foundation: Mixed
- Construction materials: Ceramic,Dry Wall,Plaster,Clapboard
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater,Tankless Water Heater,Dishwasher,Dryer,Microwave,Oven/Range,Refrigerator,Washer
- Laundry features: In Unit
Basement
- Has basement: Yes
- Basement: Full,Bulkhead,Unfinished,Storage Space,Utility
Bathroom
- Features: Bath w Tub, Bath w Shower Stall
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Features
- Wall (Cermaic),Wall (Dry Wall),Wall (Plaster),Stairs,Plumbing (Mixed),Insulation (Walls)
- Window features: Insulated Windows
- Flooring: Ceramic Tile,Hardwood
Heating & Cooling
- Heating features: Electric,Natural Gas,Baseboard,Forced Air,Heat Pump
- Cooling features: Central Air,Ductless
Interior Area
- Total structure area: 2,079
- Total interior livable area: 2,085 sqft
Property
Details
- Parcel number: NEWPM010B0111
- Attached to another structure: Yes
- Zoning: R10
Features
- Stories: 3
- Patio & porch: Deck,Patio,Porch
- Exterior features: Balcony
Lot
- Lot size: 4,922 sqft
Parking
- Total spaces: 4
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,573 | $78,876 |
| Home Insurance * | $436 | $5,232 |
| Property Taxes | $925 | $11,100 |
| Electricity | $424 | $5,095 |
| Total | $8,358 | $100,296 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-26 | Listed for sale | $1,299,999 |
| 2025-12-29 | Listing removed | $1,299,999 |
| 2025-10-21 | Price change | $1,299,999 |
| 2025-09-22 | Listed for sale | $1,349,999 |
| 2024-06-14 | Sold | $740,000 |
| 2024-04-17 | Pending sale | $799,900 |
| 2024-04-17 | Listed for sale | $799,900 |
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