The dissipative properties of road pavements may have beneficial effects to reduce vehicle vibrations, traffic noise, vehicles-structure dynamic interaction, and degradation of pavement materials. Assessing the dissipative capacity and the damping properties of road pavements is, therefore, of critical importance. Such assessment has been mainly conducted in recent years by laboratory-scale dynamic experiments, while little effort has been devoted to in-situ tests. The latter are, in fact, cumbersome for practical reasons and typically require a more advanced data analysis when highly coupled modes of vibration are involved. Due to the heterogeneity of the road structure, classical methods are not capable of accurately estimating the road damping properties. The present study proposes an alternative experimental approach based on recording signals from accelerometers embedded in the road, which is impacted by an instrumented hammer. The data are analyzed both in the frequency and in the time domains through the combined use of stabilization diagrams and energy decay tools. Multi-mode fitting algorithms are employed to construct stabilization diagrams for the identification of resonance frequencies, while energy decay curves allow for a robust evaluation of the damping values at the identified frequencies. The effectiveness of the approach was assessed on an asphalt road structure.