557 Center Rd

Block Island, RI 02807

$2,295,000
Price
5
Beds
3,766 Sq. Ft.
$609 / Sq. Ft.
3,766
Sq. Ft.
$609
per Sq. Ft.
Listed By Compass
Listed By Compass

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,...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.

Property Details for 557 Center Road

Subdivision Name
Center Road- Beacon Hill
Waterfront Features
Walk To Water
LISTING UPDATED: 12/22/2025 09:12 AM

Property Details for 557 Center Road

StatusActive
MLS #1387557
Days on Market165
Taxes$5,326 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1910
Lot Size0.28 AC / 12,197 SF
CountyWashington County

Location

Listing Courtesy of: .

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Building Information for 557 Center Road

Stories3Residences2Year Built1910Building Size-Lot Size0.28 AC / 12,197 SF

Payment Calculator

$11,784 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,340

Property Taxes

$444

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 557 Center Road

Summary
Location and General Information
  • City: Block Island
  • Community Features: Marina, Recreation Area, Restaurant
  • Postal City: Block Island
  • Postal Code: 02807
  • Postal Code Plus4: 7784
  • State Or Province: RI
  • Zoning: RA
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 0
Taxes and HOA Information
  • Tax Annual Amount: $5,326.00
  • Tax Assessed Value: 964900
  • Tax Lot: 91
  • Tax Map Number: 16
  • Tax Year: 2024
Virtual Tour
  • Virtual Tour U R L Unbranded2: www.Lila Delman.com
Property
Lot Information
  • Above Grade Fin SQFT: 3766.0
  • Building Area Total: 3766.0
  • Living Area Source: Public Records
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.28
  • Lot Size Area: 12197.0
  • Lot Size Square Feet: 12197.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 557CENTERRDNSHM
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1910
  • C L I P: 8,757,247,868
Utilities
  • Electric: Amps200Or More
  • Sewer: Septic Tank
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Foundation Details: Combination, Stone
Interior Features
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Basement: Full, Unfinished, Walk Out Access
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Wood
  • Heating: Hot Water, Oil
  • Heating Y N: Yes
  • Interior Features: Interior Steps, Tub Shower, Cable Tv
  • Laundry Features: Common Area
  • Rooms Total: 10
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $.00
  • Description: Nightly income info on request
  • Unit Type Area: 900.0
  • Baths Total: 2
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Unit 2 Information
  • Actual Rent: $.00
  • Description: Nightly income info on request
  • Type: TwoBedroom
  • Unit Type Area: 900.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 557 Center Road

DateEvent & SourcePriceAppreciation
Jun 26, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1387557

$2,295,000—
DateEvent & SourcePrice
06/26/2025

Listed (Active)

Rhode Island Association of REALTORS® #1387557

$2,295,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 557 Center Road

Taxable ValueLand$284,000Additions$680,900Total$964,900
Tax Record2024$5,326 ($444 / month)
Home Facts
Lot Size12,197 SqFtStyleMulti-Family Dwelling (2-4)ZoningRACountyWASHINGTONAPNBLOC M:16 L:091

Schools near 557 Center Road

This home is within New Shoreham School District.
Rating
School
Type
Grades
Distance
Block Island School
Public - K to 12
Rating
School
Distance
Block Island School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 557 Center Road, Block Island, RI 02807

557 Center Road is a multi-family home for sale in Block Island, RI 02807. This property was listed for sale on June 26, 2025 by Compass, it's currently listed at $2,295,000. This listing's school district is New Shoreham School District. Nearby schools include Block Island School. 557 Center Road is a 5-bed, 3-bath, 3,766 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.