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Overview

  • Updated On:
  • June 26, 2025
  • 2
  • Bathrooms
  • 10
  • Rooms
  • 4
  • Bedrooms
  • 0 ac
  • Property Lot Size

557 Center Road, Block Island, Residential Income

$ 2,295,000

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, 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 Id : 592286
Price: $ 2,295,000
Property Lot Size: 0 ac
Rooms: 10
Bedrooms: 4
Bathrooms: 2
Basement: Full,Walkout,Unfinished,Laundry,Storage Space,Utility,Work Shop
Bathrooms Full: 2
Bathrooms Half: 0
Building Area Total (sqft): 3766
Inclusions: 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.
Community Features: Marina,Recreational Facilities,Restaurants,Near Swimming
Construction Materials: Dry Wall,Shingles
Cooling: Window Unit(s)
Other Equipment: Cable TV
Owner Pays: Heat
Parking Total: 0
Electric: 200 Amps
Fireplace Features: None
Fireplaces Total: 0
Flooring: Pine
Foundation Details: Mixed,Stone
Garage Spaces: 0
Heating: Oil,Forced Water
Fire District Tax: 0
Laundry Features: In Building
MLS Listing #: 1387557
Living Area Source: Public Records
Living Area Units: Square Feet
Lot Features: Corner Lot
Lot Size SQFT: 12197
MLS Status: Active
Number Of Units Total: 2
Parking Features: No Garage
Bathroom Features: Bath w Tub & Shower
Sewer: Septic Tank
State: RI
Stories: 3
Street Name: Center
Street Number: 557
StreetNumberNumeric: 557
Street Suffix: Road
Structure Type: Apartment
Annual Taxes: 5326
Water Source: Private
Waterfront Features: Walk to Fresh Water,Walk to Salt Water
Year Built: 1910
Zoning: RA
Address: 557 Center Road
State/County:
Zip: 02807
Country: US
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Other Features
Dishwasher
Dryer
Has Cooling System
Has Heating System
Insulation (Walls)
Microwave
Oven/Range
Plumbing (Mixed)
Property Attached
Refrigerator
Stairs
Wall (Dry Wall)
Washer
$ 13,583.15
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 10,714.40
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DISCLAIMER TEXT: 557 Center Road | 592286 : IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.

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