MLS #1387557

557 Center Rd, Block Island, RI

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.

MLS #
1387557
Status:
Active
Type:
Multi-Family
Neighborhood:
Center Road- Beacon Hill
Beds:
4
Full/Half Baths
2 / 0
Site Acres:
0
Year Built:
1910
Garage Type:
No Garage
Finished Floor:
Pine
Sewer:
Septic Tank
Electric:
200 Amps
Heating:
Oil, Forced Water
Cooling:
Window Unit(s)
Waterfront Features:
Walk to Fresh Water, Walk to Salt Water
Lot:
Corner Lot
Lot Sq. Footage:
12,197 sq ft
Appliances:
Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
Equipment:
Cable TV
Community Features:
Marina, Recreational Facilities, Restaurants, Near Swimming
Total Rooms:
10
Interior Features:
Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Walls)
Fireplace Type:
None
Foundation Type:
Mixed, Stone
Zoning:
RA
Assessed Value:
$964,900
Real Estate Taxes:
$5,326
Real Estate Tax Year:
2024
Assessor Lot:
91
Assessor Plat:
16
Listed By:
Lila Delman Compass

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