Property details
About 557 Center Rd
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.
Highlights
Summary
- Full Bathrooms: 2
- Appliances: Dryer, Dishwasher, Microwave, Oven, Water Heater, Range, Refrigerator, Washer
- Basement: Yes
- Flooring Type: Wood
- Interior: Tub Shower, Cable TV
- Fireplace: None
- Total Bedroom Count: 4
- Parking: No Garage
- Waterfront: Waterfront
- Heating: Hot Water, Oil
- Cooling: Window Unit(s)
- List Price: $2,295,000
- Annual Tax Amount: $5,326
- Tax Year: 2024
- Lot: Corner Lot
- Year Built: 1910
- Lot Size: 0.28 Acres
- MLS Number: 1387557
- MLS Name: RIS
- Office Name: Lila Delman Compass
- Office Phone: (401) 466-8777
- Office Email: kendra.toppa@liladelman.com
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/25/2025, 7:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $964,900 | $5,326 |
| 2023 | $964,900 | $5,809 |
| 2022 | $530,400 | $3,755 |
| 2021 | $530,400 | $3,554 |
| 2020 | $530,400 | $3,373 |
| 2019 | $530,400 | $3,267 |
History based on county public records data.
Nearby schools
8
Matunuck School
Public District KG-4
14.9 mi
•380 Matunuck Beach Rd
7
Dunn's Corners Elementary School
Public District KG-4
15.8 mi
•8 1/2 Plateau Rd
9
State Street Elementary School
Public District KG-4
18.5 mi
•35 State St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $83,464. The majority of Block Island, RI residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Dollar General
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Applebees
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
Frequently asked questions
About 557 Center Rd
The listing price of 557 Center Rd property is $2,295,000.
The property 557 Center Rd is a multi located in Block Island, Rhode Island, 02807.
Active Listing: 557 Center Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 557 Center Rd are: Matunuck School (GreatSchools Rating 8/10), Dunn's Corners Elementary School (GreatSchools Rating 7/10), State Street Elementary School (GreatSchools Rating 9/10), Westerly Middle School (GreatSchools Rating 7/10), Narragansett Pier School (GreatSchools Rating 7/10), Chariho Regional Middle School (GreatSchools Rating 5/10), Block Island School (GreatSchools Rating 7/10), Narragansett High School (GreatSchools Rating 8/10), Westerly High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $5,326 (source: MLS/based on county public records data).
The year of construction for 557 Center Rd is 1910.
This home is located at 557 Center Rd in Block Island, RI and zip code 02807. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 26, 2025 and is currently priced at $2,295,000.
While more than 1 listings in Block Island, RI in June 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below. The inventory of homes for sale in Block Island, RI between May and June 2025 increased by 43.8%. In June 2025, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $2,188,750.