1 Ichabod Lane, Middletown, Residential Income

Looking for an owner-occupied investment opportunity in Newport County? “Restmere” is an Italianate villa designed in 1857 by renowned architect Richard Upjohn, celebrated for Trinity Church in New York, and Kingscote in Newport. Listed on the National Register of Historic Places, this turnkey estate seamlessly blends 19th-century grandeur with modern comfort. The thoughtful restoration received a Doris Duke Award, and Rhody Award. The main property offers 8 bedrooms and 8.5 bathrooms. The main house features a veranda, 6 bedrooms, 6.5 baths, chef’s kitchen, and formal layout ideal for entertaining. Preserved Old World details include 12-foot ceilings, grand staircase, parquet floors, wainscoting, crown moldings, stained glass, divided-light windows, antique lighting, marble fireplaces, claw-foot tubs, French doors, and antique hardware. The third floor also functions as a separate penthouse apartment with private entrance, 3 bedrooms, 3 baths, laundry, and kitchen, while the detached townhouse apartment offers private entrance, 2 bedrooms, 2 baths, laundry, and kitchen—creating exceptional flexibility for guests or passive income.The above-grade basement boasts 9-foot ceilings, brick walls, arched windows, studio, gallery, pub, and four rooms awaiting ADU conversion. Restmere is a rare opportunity to become the next steward of an historic estate and family compound.