Set on a quiet cul-de-sac in a highly convenient Middletown location, 29 Sherwood Road offers a versatile two-family opportunity ideal for investors, multigenerational living, or an owner-occupied arrangement with supplemental rental income. Each well-maintained unit features two bedrooms, one full bathroom, comfortable living spaces, and off-street parking. The property is located just minutes from Easton's Beach, downtown Newport, local restaurants, shopping, schools, and everyday amenities, with convenient access to the Newport Naval Station and destinations throughout Aquidneck Island. Whether used for year-round rentals, seasonal housing, or a combination of personal and income-producing use, this property offers flexibility in an area with strong rental demand. Enjoy easy access to the shoreline, Newport's celebrated dining and entertainment, and the relaxed coastal lifestyle that makes Middletown such a desirable place to live and invest.
Total of 8 rooms (includes bedrooms and living spaces)
Bathrooms
2 full bathrooms
Kitchen
Oven, Range, Microwave, Dishwasher, Disposal, Refrigerator, Exhaust fan
Laundry & utility
Washer and Dryer located in a common area
Gas water heater
Flooring
Ceramic tile
Hardwood
Laminate
Heating & cooling
Hot water heating with gas boiler and baseboard units
100 amp electrical service with circuit breakers
Exterior features
Paved driveway
Outbuilding
Fenced yard
Located on a cul-de-sac
Home design
Two-story building
Single building with 2 total units
Parking
No garage
Parking for 4 vehicles (total)
Construction
Shingle siding with drywall interior
Slab foundation
Built above grade finished area approximately 1,592
Utilities
Sewer connected
Public water connected
Electrical: 100 amps, circuit breakers
HOA & community
Community amenities nearby include golf, marina, pool, public transportation, recreation area, restaurants, shopping, and tennis courts; highway access and near hospital and schools
Electricity and solar
View estimated energy costs and solar savings for this home
This charming two-family house is located on a cul-de-sac just across the Newport border. The first-floor unit is a one-bedroom with an open living area and an eat-in kitchen. It has newer manufactured flooring throughout and lots of natural light. The second-story apartment features two bedrooms, a spacious living room with hardwood flooring, and an eat-in kitchen. Off-street parking for four cars and a large fenced yard make this the perfect investment opportunity.
RIS #111721
Sep 20, 2019
Price Changed
$229,000
$144/sq ft
Oct 28, 2002
Sold
$212,000
$133/sq ft
Aug 28, 2002
Listing Removed
—
Jul 30, 2001
Listed
$249,000
$156/sq ft
LOCATED IN QUIET MIDDLETOWN NEIGHBORHOOD NEAR NEWPORT LINE. NEWLY FENCED LARGE YARD AFFORDS PRIVACY. THREE BEDROOMS, TWO BATHS, LARGE FAMILY ROOM
RIS #973723
Dec 19, 2013
Price Changed
$279,900
$176/sq ft
Apr 20, 2011
Sold
$270,000
$170/sq ft
Mar 7, 2011
Listing Removed
—
Aug 12, 2010
Listed
$298,000
$187/sq ft
RIS #973732
Mar 7, 2011
Listing Removed
—
Aug 12, 2010
Listed
$279,000
$175/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,207 (+18.2%)
$231,700 + $379,600
$611,300
2024
$6,097 (+62.2%)
$231,700 + $309,800
$541,500
2023
$3,758 (+4.7%)
$156,600 + $141,900
$298,500
2022
$3,588
$156,600 + $141,900
$298,500
2021
$3,588 (+1.7%)
$156,600 + $141,900
$298,500
2020
$3,528
$117,600 + $138,800
$256,400
2018
$3,526 (−7.8%)
$117,600 + $138,800
$256,400
2016
$3,823 (+2.5%)
$105,400 + $142,500
$247,900
2015
$3,728 (+10.0%)
$105,400 + $142,500
$247,900
2014
$3,388 (+2.3%)
$90,400 + $120,400
$210,800
2013
$3,312 (+2.0%)
$90,400 + $120,400
$210,800
2012
$3,246
$90,400 + $120,400
$210,800
Public record
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,518
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,518
Year built
1970
Style
Multi-Family (2-4 Unit)
County
Newport County
APN
90957
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 90° expected this year, 17 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Middletown, RI • 02842
Average low and high temperatures (°F)
36
24
37
25
48
34
56
42
64
52
76
61
79
67
76
62
72
59
64
51
54
41
41
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.6 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 29 Sherwood Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $720,000 and $1,050,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $720K to $1.1M.