329-331 Maple Avenue, Riverhead, NY 11901

$1,495,000 · 9 bed · 4 bath · 4,000 sq ft · built 1908 · MLS# 1059395 · Active

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…

Single-family homes in the Riverhead Central School District sold for a median of $739,000 (typically $550,000–$900,000) across 308 recorded sales between Oct 6, 2025 and Oct 1, 2026, up 19.2% on the 12 months before. This home's $1,495,000 list price sits in the luxury single-family tier for the Riverhead Central School District.

ZIP 11901 has about 4.4 months of single family inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.

At about $14,417 a year, this home's property tax runs roughly 44% above the $10,000 typical for Riverhead Central School District. Suffolk bills combine town, school and special-district levies, so two homes at the same price in neighboring districts can carry materially different taxes. Exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax