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
Downtown Riverhead, located between the Peconic River waterfront and the Long Island Expressway corridor, is a historic and walkable Riverhead neighborhood with a riverfront promenade and a classic Main Street streetscape. The neighborhood’s character concentrates around Main Street near East Main Street and Roanoke Avenue, where storefront restaurants, indie shops, and civic buildings keep the sidewalks active. The Suffolk Theater anchors the cultural calendar in a restored 1920s movie palace setting. Craft pours and small-batch energy run through Long Ireland Beer Company, while the Long Island Aquarium adds a waterfront draw. Brick commercial blocks, pocket parks, and the river define the daily rhythm. Marinas and boardwalk views tie the district to the Peconic’s working-waterfront roots.