557 Center Road Block Island, RI $ 2,295,000
557 Center Road
$ 2,295,000
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557 Center Road

Block Island, RI, 02807
$ 2,295,000
Bedrooms5 Baths2.1 Sq 3,766

Monthly Estimate*

$ 14,131

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Multi-Family Home for sale in Block Island, RI

for $2,295,000 with 5 bedrooms and 2 full baths, 1 half bath. This 3,766 square foot home was built in 1910 on a lot size of 0.28.

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.

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Multi-Family Pending

Price

$ 2,295,000

Bedrooms

5

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 5,326

Style

Lot Size

0.28

Year Built

1910

Town/City

Block Island

County/Region

Washington

MLS | Web ID

1387557

Features
General
Sewer Septic Tank
Heating Hot Water Oil
Cooling Window Unit(s)
Possession Negotiable
Zoning RA
Garage Spaces 0
Construction Materials Drywall Shingle Siding
Year Built 1910
Electric 200+ Amp Service
Property Subtype Multi Family
Tax Year 2024
Waterfront Features Walk to Water
Community Features Marina Recreation Area Restaurant
County Washington
Operating Expense 0
New Construction false
Property Type Residential Income
Subdivision Name Center Road- Beacon Hill
Garage Y/N false
Total Rooms 10
Full Baths 2
Status Pending
City Block Island
Senior Community Y/N false
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 12197
Land Lease Y/N false
Tax Annual Amount 5326
Structure Type Apartment
Standard Status Pending
Tax Assessed Value 964900
Tax Lot 91
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Interior
Interior Amenities Interior Steps Tub Shower Cable TV
Basement Full Unfinished Walk-Out Access
Flooring Wood
Total Fireplaces 0
Fireplace Features None
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Laundry Features Common Area
Total Bedrooms 5
Total Baths 3
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Exterior
Parking Features No Garage
Lot Features Corner Lot
Water Source Private
Total Parking 0
Inclusions Fully Renovated in 1985 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. New Oil Tank - 2024 New Pressure Tank - 2023 Reworked Burnham Furnace - 2020 New Roofs Installed - 2022-2024
Lot Size Area 12197
Foundation Details Combination Stone
Number of Buildings 2
Building Area Total 3766
Lot Size Acres 0.28
Covered Spaces 0
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* Excluded Features
List By
Lila Delman Compass

Broker

Rosemary.Tobin@LilaDelman.com

Email

Affordability Calculator

$14,575
Per Month
97%
3%
0%
Monthly Principal & Interest
$14,131
Monthly Property Taxes
$444
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
6/26/2025$2,295,000 Listed Price

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557 Center Road, Block Island, RI, 02807 is a Multi-Family Home for sale at $2,295,000 with 3,766 sqft and a lot size of 0.28. 557 Center Road has 5 bedrooms, 2.1 baths, and was built in 1910. The property's zip code is 02807 which is in Block Island, RI