$5,499,000
↓ $251K (4.4%)
●
House -
For Sale
18 Smith Lane
Riverhead, NY 11901
13 Beds
6 Baths,
1
Half Bath
4,514 Ft²
$29,714
Est. Monthly
About This Property
LISTING IS FOR 6 HOMES AND .77 VACANT LAND! seller financing
available!
An exceptional opportunity to own a one-of-a-kind waterfront estate featuring 6 income-producing residences plus an adjoining nearly one-acre buildable lot, offering tremendous potential to expand the rental portfolio or create a spectacular multigenerational compound.
The property includes two Bayfront homes-one offering 4 bedrooms and 3 bathrooms, the other has 3 bedrooms and 1.5 bathrooms-along with four additional houses, including two 2-bedroom houses and two 1-bedroom houses. The adjacent buildable parcel presents endless possibilities, whether for a custom waterfront residence, additional income-producing opportunities, or the ultimate private estate.
A rare investment with multiple revenue streams, redevelopment potential, and breathtaking waterfront setting.
Please do not go on the property without a scheduled appointment.
An exceptional opportunity to own a one-of-a-kind waterfront estate featuring 6 income-producing residences plus an adjoining nearly one-acre buildable lot, offering tremendous potential to expand the rental portfolio or create a spectacular multigenerational compound.
The property includes two Bayfront homes-one offering 4 bedrooms and 3 bathrooms, the other has 3 bedrooms and 1.5 bathrooms-along with four additional houses, including two 2-bedroom houses and two 1-bedroom houses. The adjacent buildable parcel presents endless possibilities, whether for a custom waterfront residence, additional income-producing opportunities, or the ultimate private estate.
A rare investment with multiple revenue streams, redevelopment potential, and breathtaking waterfront setting.
Please do not go on the property without a scheduled appointment.
Unit Size
4,514 Ft²
Days on Market
104 days
Land Size
1.43 acres
Price per sqft
$1,218
Property Type
House
Property Taxes
$2,713
HOA Dues
-
Year Built
1959
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 25 days ago (OneKey MLS #KEY1029909)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | Price Decreased |
$5,499,000
↓ $251K
(4.4%) | |
| Price Decreased | |||
| Jul 27, 2026 | Listed by Douglas Elliman Real Estate | $5,750,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Aug 25, 2021 | Sold | ||
| Sold | |||
| Jan 17, 2021 | No longer available | - | |
| No longer available | |||
| Jan 11, 2021 | Relisted | $2,295,000 | |
| Relisted | |||
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Property Highlights
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 6
Interior Features: Other
Appliances: Other
Flooring Type: Laminate
Laundry Features: In Garage
Rooms: 13
Basement: Crawl Space
Exterior Details
Square Footage: 4514
Square Footage Source: $0
Architectural Style: Cottage
Year Built: 1959
Waterfront Features: Bayfront, Beach Front, Waterfront, Bulkhead
Building Area Total: 4514
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Area: 62290
Lot Size Units: Square Feet
Lot Size Acres: 1.43
Lot Size Square Feet: 62290
Water Source: Public
Financial Details
Tax Assessed Value: $150,000
Tax Annual Amount: $32,550
Utilities Details
Cooling Type: Ductless, Multi Units
Heating Type: Electric, Other
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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About Jamesport
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Last Updated: 25 days ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017