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.
Pending
$2,295,000
557 Center Rd, Block Island, RI 02807
5beds
1,800sqft
Est.:
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
- 118 days |
- 35 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Rosemary TOBIN 401-741-1825,
Lila Delman Compass
Source: StateWide MLS RI,MLS#: 1387557
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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/2/2026 | Pending sale | $2,295,000$1,275/sqft |
Source:  StateWide MLS RI #1387557 Report a problem | ||
| 1/5/2026 | Contingent | $2,295,000$1,275/sqft |
Source: StateWide MLS RI #1387557 Report a problem | ||
| 12/22/2025 | Listed for sale | $2,295,000$1,275/sqft |
Source: StateWide MLS RI #1387557 Report a problem | ||
| 12/6/2025 | Listing removed | $2,295,000$1,275/sqft |
Source: StateWide MLS RI #1387557 Report a problem | ||
| 6/26/2025 | Listed for sale | $2,295,000$1,275/sqft |
Source: StateWide MLS RI #1387557 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,326 | $964,900 |
| 2024 | $5,326 +41.8% | $964,900 +81.9% |
| 2023 | $3,755 | $530,400 |
| 2022 | $3,755 +5.7% | $530,400 |
| 2021 | $3,554 +5.4% | $530,400 |
| 2020 | $3,373 +3.2% | $530,400 |
| 2019 | $3,267 -2.6% | $530,400 -5.9% |
| 2018 | $3,354 +1.5% | $563,680 |
| 2017 | $3,303 +2.5% | $563,680 |
| 2016 | $3,224 -19.1% | $563,680 -22.1% |
| 2015 | $3,985 +3.2% | $723,200 |
| 2014 | $3,862 +2.5% | $723,200 |
| 2013 | $3,768 +2.1% | $723,200 -5.1% |
| 2012 | $3,690 +2.1% | $762,400 |
| 2011 | $3,614 +3.5% | $762,400 |
| 2010 | $3,492 +0.5% | $762,400 -21.4% |
| 2009 | $3,473 +8.5% | $970,100 |
| 2008 | $3,201 +4.1% | $970,100 |
| 2007 | $3,075 +28.2% | $970,100 +61% |
| 2005 | $2,399 | $602,700 |
Find assessor info on the county website
Monthly payment
Est. payment
$13,575/mo
Principal & interest
$11835
Property taxes
$1740
More affordability tools
Climate risks
Neighborhood: 02807
Nearby schools
GreatSchools rating
- 5/10Block Island SchoolGrades: K-12Distance: 1.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Rhode Island
- Washington County
- New Shoreham
- 02807
- 557 Center Rd
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