Owned by the same family for nearly 100 years, this stately Victorian offers a wide range of development possibilities including continued use as a rental property, conversion to condominiums or restoration back to a magnificent single-family estate. The half-acre grounds front on both Kay St and Bowler Ln, offering rare space in this historic district-perfect for adding a pool, pool house, or guest cottage. Construction of additional, freestanding dwelling units may also be possible with a special use permit and historic district approval. The 3rd floor offers an additional 1,400 sf of unfinished space with deep dormers and cathedral ceiling. Built in 1855 by Job Almy Peckham-then owner of Newport's largest lumberyard-33 Kay Street is one of a trio of homes characterized by wide gables, intricate double brackets, and elegant decorative columns framing a generous entry porch. Inside, soaring ceilings, exquisite period moldings, and eight fireplaces speak to the craftsmanship and architectural sensibilities of the era. 33 Kay Street is a remarkable opportunity to own a piece of Newport's architectural heritage for investment or personal use.