557 Center, Block Island, RI, 02807

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.

Residential Income
$2,295,000
Location
City/TownBlock Island
CountyWashington
Community FeaturesMarina, Recreational Facilities, Restaurants, Near Swimming
Interior
Living Area3,766 sq. ft.
Rooms10
HeatingOil, Forced Water
CoolingWindow Unit(s)
Interior FeaturesWall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Walls)
Additional Information
Tax Assessment$964,900
ZoningRA
Exterior
Acreage0.28
Waterfront FeaturesWalk to Fresh Water, Walk to Salt Water
Listed By: Lila Delman Compass

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