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.