Date
Details
Price
Change
Source
6/26/2025
Listed
$2,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/46
$2,295,000 Sale Pending
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Property 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.
Full Property Details
Full Property Details for 557 Center Rd
General
- Price: $2,295,000
- Taxes: $5,326 (2024)
- Status: Pending
- Type: Apartment
- Source: STWMLS
- MLS ID: 1387557
- Updated: 2/2/2026
- Added to Site: 286 day(s) ago
Interior
- Number of Rooms: 10
- Interior Features: Interior Steps, Tub Shower, Cable TV
- Fireplace(s): None
- Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Common Area
Parking
- Parking Features: No Garage
Location
- County: Washington
- Subdivision: Center Road- Beacon Hill
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Hot Water, Oil
Utilities
- Sewer: Septic Tank
- Water: Private
Structural Information
- # Buildings: 2
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Drywall, Shingle Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished, Walk-Out Access
- Stories/Levels: 3
- Building Size: 3766
- Finished Total: 3,766 Sq. Ft.
- Finished Above Grnd: 3,766 Sq. Ft.
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,197
- Lot Size: 12197
- Lot Features: Corner Lot
Water Features
- Water Front Desc.: Walk to Water
Financial Considerations
- Tax Amount: $5,326
- Tax Year: 2024
Disclosures and Reports
- 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
- Property ID: 557CENTERRDNSHM
- Lot Number: 91
Listed by Lila Delman Compass
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Listing agent
— 557 Center Rd —
Lila Delman Compass
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Schools
Schools serving 557 Center Rd
School District:New Shoreham School District
| Name | Grades | Distance |
|---|---|---|
Block Island School Block Island School, New Shoreham, RI 02807 | K-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 557 Center Rd
Tax History
Tax History for 557 Center Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,491
3%
$953,300
-1%
2024
$5,326
-8%
$964,900
—
2023
$5,809
55%
$964,900
82%
2022
$3,755
6%
$530,400
—
2021
$3,554
5%
$530,400
—
2020
$3,373
3%
$530,400
—
2019
$3,267
-3%
$530,400
-6%
2018
$3,354
2%
$563,680
—
2017
$3,303
2%
$563,680
—
2016
$3,224
1%
$563,680
-3%
2015
$3,188
-17%
$578,560
-20%
2014
$3,862
2%
$723,200
—
2013
$3,768
—
$723,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 557 Center Rd
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- Single Family
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,410Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 2,798Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 7Total Baths
- 4,865Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 2Total Baths
- 2,014Sq. Ft.
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- Single Family
- Active
- Updated 10 hours ago
- 3Beds
- 2Total Baths
- 1,803Sq. Ft.
- Single Family
- Active
- Updated 11 hours ago
- 3Beds
- 3Total Baths
- 2,050Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 1Bed
- 1Total Bath
- 814Sq. Ft.
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- Single Family
- Closed
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 2,064Sq. Ft.
- Single Family
- Closed
- 3Beds
- 4Total Baths
- 4,752Sq. Ft.
557 Center Road, Block Island, RI 02807 (MLS# 1387557) is a Apartment property with 5 bedrooms, 2 full bathrooms and 1 partial bathroom. 557 Center Road is currently listed for $2,295,000 and was received on June 26, 2025. Want to learn more about 557 Center Road? Do you have questions about finding other Apartment real estate for sale in Block Island? You can browse all Block Island real estate or contact a Coldwell Banker agent to request more information.