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22 Rhode Island Avenue Newport

$1,495,000
8 3 6,195 sq ft

The Property

Introducing 22 Rhode Island Avenue – a captivating Victorian mixing elegance and charm. This 4,100+ sq ft home sits on a prime ¼ acre lot in the heart of Newport, perfectly positioned between Kay Street and Broadway. Within walking distance to renowned restaurants, charming coffee shops, lush parks and with only a short bike ride to the beach, this location is unparalleled. Built in 1870, the property is defined by its striking Gable peaks, turrets, oversized windows, and inviting wraparound porch.

Preserving much of its original ornate detailing, this home is rich in period character. Currently a three-family residence, it offers immense potential to be transformed back into a grand single-family estate. Unit One features a beautifully appointed living room with a decorative fireplace and access to the front wraparound porch, two bedrooms, an eat-in kitchen, and a full bath. Unit Two includes three bedrooms, a dining room, updated kitchen, and bath. Unit Three offers three additional bedrooms, the turret room, living room, new kitchen, and bath. Gorgeous inlaid hardwood and Pine floors grace the entire home. Each unit has a new high-efficiency gas heating system. The expansive backyard provides a lush retreat with many possibilities, including room for additional parking or creative outdoor enhancements. Whether you’re seeking a multi-family investment or envisioning a stately single-family home, this property offers endless potential in a Newport location.

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Listing Details

MLS Number

1373832

Lot Size:

0.25 acres

Features

  • Basement: Full, Interior Only, Unfinished, Laundry, Storage Space, Utility
  • Bus
  • Hospital
  • Private School
  • Public School
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Porch
  • Fireplace: Brick
  • Heating: Natural Gas, Forced Water
  • Heating Fuel: Natural Gas, Forced Water
  • Garage: 1
  • Laundry
  • Paved Driveway
  • Sidewalks
  • Year Built: 1870
  • Water Amenities: Walk to Salt Water

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Market Trends for Multi Family
in Newport

  • Overview
    Homes for Sale Today14-53.3% decrease in inventory
    New on Market *650% increase in new listings
    Avg. Asking Price/Sq.Ft. *$332.40$156 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,500,000$299,500 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *93.75%-7.2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$317.26$245 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *2129 decrease 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?

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

Listed by Jb Newport Realty

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