557 Center Road
Block Island, RI, 02807 $ 2,295,000
Bedrooms5 Baths2.1 Sq 3,766 Monthly Estimate*
$ 14,318
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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List ByLila Delman CompassBroker
Rosemary.Tobin@LilaDelman.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $14,318
- Monthly Property Taxes
- $444
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbyMulti-family listings in Block Island, RI
Average List Price $2,295,000
Percent of Sale Price 0%
About Block Island, RI 2,686 Population
166% Since 2002
$ 86,193 Median Income
52.78 Median Age
12% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/26/2025 | $2,295,000 | | Listed Price |