69
Map
4608 Riley Road
About This Property
Recent updates give you a head start on modernizing: newer roof, updated windows, 3 out of 4 new exterior doors, refreshed A/C units and handlers, a newer water heater, and refreshed upstairs living areas all while leaving plenty of room to make the home your own.
Step outside to enjoy the ultimate lake lifestyle. Relax on the expansive waterfront deck, launch your kayak, or fish off your private dock. With over an acre of mature lakefront land, there's room for gardens, pets, or simply soaking in the sun.
Originally built in 1975, this home offers timeless charm, solid bones, and endless potential. Whether you're an investor, a visionary renovator, or a family dreaming of a private lakefront retreat, this is the opportunity you've been waiting for.
Located in a quiet, private setting with no HOA restrictions, yet just a short drive to all Milton has to offer, this home is priced to allow you flexibility while building equity.
This isn't just a property, it's a lifestyle, a project, and a dream all in one. Come see what's possible on Riley Road and get ready to fall in love with lakeside living!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 27, 2026 | Sold | ||
| Sold | |||
| Jan 24, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Relisted | $375,000 | |
| Relisted | |||
| Jan 4, 2026 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Price Decreased |
$375,000
↓ $25K
(6.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017