329-331 Maple Avenue
About This Property
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
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | Listed by East End Luxury Ltd | $1,495,000 | |
| Listed by East End Luxury Ltd | |||
| Feb 11, 2022 | No longer available | - | |
| No longer available | |||
| Jun 9, 2021 | Relisted | $995,000 | |
| Relisted | |||
| May 25, 2021 | No longer available | - | |
| No longer available | |||
| Feb 8, 2021 | Listed by East End Luxury Ltd | $995,000 | |
| Listed by East End Luxury Ltd | |||
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Downtown Riverhead Investment Compound featuring 2 homes, 2 barns and lots of upside. Opportunity zone location. Main home features 6 bedrooms, 3 baths, stainless steel appliances, many upgrades, new siding, roof and gas furnace. Cottage is 2 bedroom, 1 bath featuring new gas furnace, roof and siding. 2 Additional Barns are also onsite for storage and/or additional rental income. Long term tenants in place, ideal for investors and owner occupants. Call for details The manager has listed the unit size as 5500 square feet.
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About Riverhead
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017