Residential investment opportunity: two renovated homes and two barns on one parcel in a walk-to-town Riverhead location. Long-term tenants and leases are in place, with upside potential in rents. Buyer must assume all existing leases; tenants will not be vacated to facilitate a sale.
331 Maple Avenue offers approximately 3,000 SF with 6 bedrooms and 3 baths, while 329 Maple Avenue features 3 bedrooms and 1 bath. Both homes have new kitchens, baths, roofs, siding, and renovated interiors. Mechanical upgrades include new heating and hot water at 331, and new heating, air conditioning, and hot water at 329. Two barns offer additional rental potential and storage flexibility, subject to permitted uses.
Located near downtown Riverhead’s major revitalization efforts, including the nearly $33 million Town Square project, this property combines established tenancy, extensive improvements, and rental upside near significant downtown reinvestment.
Call for Details. Proof of funds required prior to any showing
- Heating System:
- Natural Gas
- Cooling System:
- Central Air
- Basement:
- Bilco Door(s)
- Appliances:
- Dishwasher, Oven, Refrigerator, Stainless Steel Appliance(s), Range
- Flooring:
- Wood, Vinyl
- Interior Features:
- First Floor Bedroom, First Floor Full Bath
- Parking Features:
- On Street, Driveway, Off Street
- Sewer:
- Public Sewer
- Utilities:
- Trash Collection Public, Natural Gas Connected, Water Connected, Electricity Connected, Sewer Connected
- City:
- Riverhead
- State:
- NY
- Street:
- Maple
- Street Number:
- 329-331
- Street Suffix:
- Avenue
- Postal Code:
- 11901
- Floor Number:
- 0
- Longitude:
- W73° 20' 27.8''
- Latitude:
- N40° 55' 7.6''
- PostalCity:
- Riverhead
- Architectural Style:
- Colonial
- Construction Materials:
- Frame
- Elementary School:
- Roanoke Avenue School
- High School:
- Riverhead Senior High School
- Agent MlsId:
- 130776
- MiddleOrJunior School:
- Riverhead Middle School
- PhotosCount:
- 1
- Special Listing Conditions:
- No
- Tax Annual Amount:
- $14,417
- Water Source:
- Public
- Office MlsId:
- KRPI01
Residential - MLS# 1059395
329-331 Maple Avenue, Riverhead, NY
- Property Type :
- Residential
- Property SubType :
- Single Family Residence
- Listing Type :
- For Rent
- Listing ID :
- 1059395
- Price :
- $1,495,000
- Rooms :
- 20
- Bedrooms :
- 9
- Bathrooms :
- 4
- Bathrooms Total :
- 4
- Square Footage :
- 4,000 Sqft
- Building Area :
- 4,000 Sqft
- Lot Area :
- 0.27 Acre
- Year Built :
- 1908
- Status :
- Active
- Listing Agent :
- Kristopher Pilles
- Listing Office :
- East End Luxury Ltd
