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$1,660,000

  • Sold
  • Closed
  • Apartment
  • 5 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 0.28 Acres
  • Updated 1 hour ago
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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 for 557 Center Rd

General

  • Sold For: $1,660,000
  • Taxes: $5,326 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: STWMLS
  • MLS ID: 1387557
  • Added to Site: 335 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
Sold by Lila Delman Compass

Listing agent

— 557 Center Rd —

  • Lila Delman Compass

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 557 Center Rd

School District:New Shoreham School District
NameGradesDistance
Block Island School
Block Island School, New Shoreham, RI 02807
K-121.1 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

Date
Details
Price
Change
Source
5/26/2026
Sold
$1,660,000
-27.67%
MLS
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.

Listed by Lila Delman Compass
Sold by Lila Delman Compass

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557 Center Road, Block Island, RI 02807 (MLS# 1387557) is a Apartment property that was sold at $1,660,000 on May 26, 2026. 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.