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Under contract
    • $2,295,000

    557 Center Rd, Block Island, RI 02807

    5beds
    1,800sqft
    : 
    Multi Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $1,275/sqft
    $-- HOA

    What's special

    Full kitchensSecond detached buildingCharming interiorsAdaptable layoutInviting sitting areasTwo distinct living spacesSmall private deck
    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.
    15 days
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    479
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    19
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    Zillow last checked: 8 hours ago

    Listing updated: January 05, 2026 at 12:32pm

    Listed by:

    Rosemary TOBIN 401-741-1825,

    Lila Delman Compass

    Source: StateWide MLS RI,MLS#: 1387557MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Bathroom
    • Features: Bath w Tub & Shower
    Heating
    • Oil, Forced Water
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
    • Laundry: In Building
    Features
    • Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Walls)
    • Flooring: Wood
    • Basement: Full,Walk-Out Access,Unfinished,Laundry,Storage Space,Utility,Work Shop
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 3,766
    • Total interior livable area: 1,800 sqft

    Property

    Parking
    • Parking features: No Garage
    Features
    • Stories: 3
    • Waterfront features: Walk to Fresh Water, Walk to Salt Water
    Lot
    • Size: 0.28 Acres
    • Features: Corner Lot
    Details
    • Parcel number: BLOCM16L091
    • Zoning: RA
    • Other equipment: Cable TV

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Dry Wall, Shingles
    • Foundation: Mixed, Stone
    Condition
    • New construction: No
    • Year built: 1910

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Septic Tank
    • Water: Private

    Community & HOA

    Community
    • Features: Marina, Recreational Facilities, Restaurants, Near Swimming
    • Subdivision: Center Road- Beacon Hill
    HOA
    • Has HOA: No
    Location
    • Region: Block Island

    Financial & listing details

    • Price per square foot: $1,275/sqft
    • Tax assessed value: $964,900
    • Annual tax amount: $5,326
    • Date on market: 12/22/2025
    • 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
    • Total actual rent: 0
    • Tenant pays: Heat
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    1/5/2026Contingent$2,295,000$1,275/sqft
    Source: StateWide MLS RI #1387557 Report a problem
    12/22/2025Listed for sale$2,295,000$1,275/sqft
    Source: StateWide MLS RI #1387557 Report a problem
    12/6/2025Listing removed$2,295,000$1,275/sqft
    Source: StateWide MLS RI #1387557 Report a problem
    6/26/2025Listed for sale$2,295,000$1,275/sqft
    Source: StateWide MLS RI #1387557 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$5,326 $964,900
    2024$5,326 +41.8%$964,900 +81.9%
    2023$3,755 $530,400

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $11,442/mo
    Principal & interest
    $8899
    Property taxes
    $1740
    Home insurance
    $803

      Climate risks

      Neighborhood: 02807

      Nearby schools

      GreatSchools rating

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