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    Block Island, RI Multifamily Properties for Sale

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    Charlestown, RI Narragansett, RI South Kingstown, RI
    Mixed-Use Property in Block Island
    $2,400,000
    2,088 SF
    Mixed-Use Property in Block Island

    454 Ocean Avenue, Block Island, RI 02807

    Mixed-use property in a desirable location with flexible commercial space.
    • Prime location between Old Harbor and New Harbor with high foot traffic.
    • Flexible service commercial zoning allows for various business or residential uses.
    • Brand‑new, turnkey 2‑bedroom apartment with modern finishes and water views.
    • First‑floor commercial space ready for customization (coffee shop, retail, restaurant, etc.).
    • Rare 8+ on‑site parking spaces.
    Updated: Oct 4, 2025
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Block Island, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Narragansett Duplex with Water Views
    $1,495,000
    2,358 SF
    Narragansett Duplex with Water Views

    Coastal duplex in Narragansett, walking distance to the ocean.

    6 MacAlder Street, Narragansett, RI 02882

    View details
    Mixed-Use Coastal Property For Sale
    $5,955,000
    11,459 SF
    Mixed-Use Coastal Property For Sale

    Mixed-use property with ocean views and multiple income streams.

    1 Angell Rd, Narragansett, RI 2882

    View details
    Commercial
    $899,000
    13,000 SF
    Commercial

    Mixed-use properties · 13,000 SF

    33 Railroad, Westerly, RI 2891

    View details
    Striking Sears "Alhambra" Home
    $765,000
    Striking Sears "Alhambra" Home

    Distinctive architecture, ideal for owner-occupants or investors.

    166 High Street, Westerly, RI 2891

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Southampton Village Multifamily Opportunity
    $2,300,000
    0.33 Acres
    Southampton Village Multifamily Opportunity

    Two-family home in the heart of Southampton Village.

    39 Halsey Avenue, Southampton, NY 11968

    View details
    Two-Family Home with Additional Lot
    $899,999
    3,216 SF
    Two-Family Home with Additional Lot

    Spacious two-family home with vacant lot in Dorchester.

    68, 70-72 Clarkson St, Boston, MA 02125

    View details
    Expansive Land Parcel in Holmes
    $750,000
    2,480 SF
    Expansive Land Parcel in Holmes

    75+ acre land parcel with garage near I-84.

    545 Grape Hollow Road, Holmes, NY 12531

    View details
    Flatbush Development Property For Sale
    $1,249,000
    1,407 SF
    Flatbush Development Property For Sale

    40 x 100 lot with R6, C1-2 zoning.

    14 E 32nd Street lot: 13, Brooklyn, NY 11226

    View details

    Block Island, RI Multifamily Properties Investment Opportunities Market Analysis

    Explore 1 multifamily properties for sale in Block Island, RI on our real estate platform. These investment opportunities span a total of 2,088 square feet of properties for sale, with an estimated market value of $2,400,000.

    Sale prices for multifamily properties in Block Island, RI start at $2,400,000, averaging $2,400,000, and reaching up to $2,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1

    Demographics Overview

    Population 829
    Median Household Income $72,450
    College Educated 69.5%

    High-Yield Neighborhoods for Investment

    Identify Block Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    02807 $2.4M

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

    Total CRE Inventory on Market (SF)

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