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231 Hill RiseCalverton, NY 11933

For Sale

$315,000

Smart Buyer Rebate - Ask

Turn-Key Investment Opportunity with Immediate Cash Flow!

Attention investors: This tenant-occupied property is ready to start earning from day one. With a solid monthly rental income of $2,542—of which $2,541 is reliably direct-deposited through Section 8—this is a low-maintenance, high-consistency addition to your portfolio. Tenant covers the remaining $61 per month, and the property delivers a strong 7% cap rate.

Whether you’re expanding your portfolio or securing your first rental, this income-producing asset offers built-in stability and immediate returns.

Listed by Keith M. Dawson CBR

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Signature Premier Properties

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631-642-2300

Last updated November 07, 2025

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Source: OneKey #931492

Listing Facts

  • TypeSingle-family
  • NeighborhoodCalverton
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu15
  • HOA/Maint. Fees$350/month
  • Taxes$2,464.81/year
  • Size1,008 sqft
  • Price per sqft$313

Amenities

  • Private Outdoor Space
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

11/04/2025
Listed by Signature Premier Properties
$315,000

Property Details for 231 Hill Rise

Association

Fees

  • Association Fee: $350.00 Monthly
  • Association Fee Includes: Sewer, Water

Exterior

Construction

  • Property Attached: Yes
  • Structure Type: Townhouse
  • Year Built: 1970
  • Construction Materials: Frame

Features

  • Patio And Porch Features: Deck

Measurements

  • Building Area Units: Square Feet
  • Lot Size Acres: 0.02
  • Lot Size Square Feet: 871

Financial

Taxes

  • Parcel Number: 0200-357-00-03-00-036-000
  • Tax Annual Amount: $2,464.81
  • Tax Year: 2025

Interior

Features

  • Appliances: Electric Water Heater
  • Interior Features: Formal Dining, Galley Type Kitchen

Measurements

  • Living Area: 1,008
  • Living Area Source: Public Records

Rooms

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Rooms Total: 5

Other

Location

  • Subdivision Name: Calverton Hills
  • Tax Block: 0003
  • Tax Lot: 36

Parking

Parking

  • Parking Features: Assigned, Parking Lot

Schools

Elementary School

  • Elementary School: Phillips Avenue School
  • Elementary School District: Riverhead

High School

  • High School: Riverhead Senior High School
  • High School District: Riverhead

Middle or Junior School

  • Middle Or Junior School: Riverhead Middle School
  • Middle Or Junior School District: Riverhead

Utilities

Equipment

  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Sewer: Shared Septic
  • Utilities: Electricity Available
  • Water Source: Public

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.