About this home

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

Facts and features

Schools

• Pulaski Street Elementary School

  elementary · 5-6 · 0.5 mi

  2

• Riverhead Middle School

  middle · 6-8 · 0.8 mi

  3

• Riverhead Senior High School

  high · 9-12 · 0.9 mi

  3

• East End Christian Academy

  elementary · K-9 · 0.7 mi

• Roanoke Avenue School

  elementary · K-4 · 0.2 mi

  3

• St John Paul II Regional School

  elementary · K-8 · 0.9 mi

Price history

• Oct 6, 2026 · Listed$1,495,000
• Oct 20, 2016 · Sold$221,839
• Jun 22, 2006 · Sold$471,740
• May 5, 2003 · Sold$213,000

Tax history

• 2026$14,416 tax · $49,000 assessed
• 2025$14,416 tax · $49,000 assessed
• 2024$12,912 tax · $49,000 assessed
• 2023$12,936 tax · $49,000 assessed
• 2022$6,168 tax · $49,000 assessed
• 2021$11,116 tax · $49,000 assessed
• 2020$11,061 tax · $49,000 assessed
• 2018$10,955 tax · $49,000 assessed

Home value

$570,000

• Collateral Analytics$570,000

Where it is