Skip To Content

557 Center Road

Block Island, RI 02807
  • $2,295,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 1387557
UPDATED: 27 min ago
$2,295,000
  • 4
    BEDS
  • 0.28
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 3,766
    SQFT
  • $609
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

Description

Versatile Two-Family Home in a Prime Block Island Location. This classic two-family home offers a rare opportunity for both flexible living and solid rental income. The main house spans three levels and features two distinct living spaces, each with private entry, charming interiors, and comfortable layouts. The main and second floors include full kitchens, open living/dining areas, and well-proportioned bedrooms with ample natural light. The second-floor apartment includes a small private deck, offering a quiet outdoor spot for morning coffee or evening air. The third level, with its own entrance, provides additional living space ideal for a home office, guest suite, or overflow accommodations. Outdoors, the property features a peaceful yard shaded by mature trees and inviting sitting areas. A second detached building offers potential for expansion, studio use, or workshop space with the appropriate approvals. Whether you're seeking a full-time residence, a summer getaway, or an investment with rental appeal, this centrally located property meets a range of goals. Just a short distance from the shops, restaurants, and ferry in Old Harbor, and minutes from some of Block Island's beloved beaches, this home makes enjoying everything the Island has to offer effortless. With its adaptable layout, income potential, and prime location, it presents a rare opportunity to own a piece of Block Island that balances convenience, comfort, and possibility.

Monthly Payment Calculator



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Quinn Group at RE/MAX RESULTS are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Quinn Group at RE/MAX RESULTS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-07-13T13:37:41.35.
www.weknowrhodeisland.com/homes/165307354
Print Image

557 Center Road Block Island, RI 02807

  • Price: $2,295,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 27 min ago
  • MLS #: 1387557
4
Beds
2
Baths
0
½ Baths
0.28
Acres
3,766
SQFT
$609
$/SQFT
1910
Built
Neighborhood:
Center Road- Beacon Hill
County:
Washington
Area:
Block Island
Property Description
Versatile Two-Family Home in a Prime Block Island Location. This classic two-family home offers a rare opportunity for both flexible living and solid rental income. The main house spans three levels and features two distinct living spaces, each with private entry, charming interiors, and comfortable layouts. The main and second floors include full kitchens, open living/dining areas, and well-proportioned bedrooms with ample natural light. The second-floor apartment includes a small private deck, offering a quiet outdoor spot for morning coffee or evening air. The third level, with its own entrance, provides additional living space ideal for a home office, guest suite, or overflow accommodations. Outdoors, the property features a peaceful yard shaded by mature trees and inviting sitting areas. A second detached building offers potential for expansion, studio use, or workshop space with the appropriate approvals. Whether you're seeking a full-time residence, a summer getaway, or an investment with rental appeal, this centrally located property meets a range of goals. Just a short distance from the shops, restaurants, and ferry in Old Harbor, and minutes from some of Block Island's beloved beaches, this home makes enjoying everything the Island has to offer effortless. With its adaptable layout, income potential, and prime location, it presents a rare opportunity to own a piece of Block Island that balances convenience, comfort, and possibility.
Exterior Features

Construction Materials Drywall Shingle Siding Covered Spaces 0 Foundation Details Combination Stone Garage YN No Lot Features Corner Lot Parking Features No Garage Parking Total 0 Waterfront Features Walk to Water

Interior Features

Appliances Dryer Dishwasher Microwave Oven Oil Water Heater Range Refrigerator Washer Basement Full Unfinished Walk- Out Access Basement YN Yes Cooling Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Wood Heating Hot Water Oil Heating YN Yes Interior Features Tub Shower Cable TV

Property Features

Community Features Marina Recreation Area Restaurant Electric 200+ Amp Service Human Modified YN No Inclusions The units cannot be owned individually; both are held by the same owner and are not subject to separate fees. Rental income and expense details are available upon request. Land Lease YN No Laundry Features Common Area New Construction YN No Operating Expense 0 Property Sub Type Multi Family Senior Community YN No Sewer Septic Tank Structure Type Apartment Tax Annual Amount 5326 Tax Assessed Value 964900 Tax Lot 91 Tax Year 2024 Water Source Private Zoning RA

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of Lila Delman Compass: .



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Quinn Group at RE/MAX RESULTS are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Quinn Group at RE/MAX RESULTS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-07-13T13:37:41.35.
 
https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1387557-2.jpg https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1387557-2.jpg https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1387557-2.jpg
Logo
The Quinn Group at RE/MAX RESULTS
922 Oaklawn Ave
Cranston RI, 02920