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.
For sale
$315,000
231 Hill Rise, Calverton, NY 11933
2beds
1,008sqft
Single Family Residence, Residential
Built in 1970
871 Square Feet Lot
$-- Zestimate®
$313/sqft
$350/mo HOA
What's special
- 138 days |
- 762 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: November 07, 2025 at 05:18am
Listing by:
Signature Premier Properties 631-642-2300,
Keith M. Dawson CBR 631-879-2168
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 931492
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
Features
- Formal Dining, Galley Type Kitchen
- Has basement: No
- Attic: Scuttle
- Has fireplace: No
Interior area
- Total structure area: 1,008
- Total interior livable area: 1,008 sqft
Property
Parking
- Parking features: Assigned
Features
- Levels: Two
- Patio & porch: Deck
Lot
- Size: 871 Square Feet
Details
- Parcel number: 0200357000300036000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
- Attached to another structure: Yes
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Shared Septic
- Water: Public
Community & HOA
Community
- Subdivision: Calverton Hills
HOA
- Has HOA: Yes
- Services included: Sewer, Water
- HOA fee: $350 monthly
Location
- Region: Calverton
Financial & listing details
- Price per square foot: $313/sqft
- Tax assessed value: $150,944
- Annual tax amount: $2,464
- Date on market: 11/4/2025
- Cumulative days on market: 139 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2025 | Listed for sale | $315,000+18%$313/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #931492 Report a problem | ||
| 4/15/2024 | Sold | $267,000+17.6%$265/sqft |
Source: Public Record Report a problem | ||
| 4/5/2024 | Listing removed | -- |
Source: OneKey® MLS as distributed by MLS GRID #3541269 Report a problem | ||
| 4/1/2024 | Listed for rent | $2,750$3/sqft |
Source: OneKey® MLS as distributed by MLS GRID #3541269 Report a problem | ||
| 5/16/2023 | Sold | $227,000+3.2%$225/sqft |
Source: Public Record Report a problem | ||
| 8/18/2022 | Sold | $220,000-7.9%$218/sqft |
Source: Public Record Report a problem | ||
| 6/21/2022 | Pending sale | $239,000$237/sqft |
Source: Out East #365516 Report a problem | ||
| 4/27/2022 | Listed for sale | $239,000+355.2%$237/sqft |
Source: Out East #365516 Report a problem | ||
| 8/2/2002 | Sold | $52,500$52/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $800 |
| 2023 | -- | $800 |
| 2022 | -- | $800 |
| 2021 | -- | $800 |
| 2020 | -- | $800 |
| 2019 | -- | $800 |
| 2018 | -- | $800 |
| 2017 | $2,214 | $800 |
| 2016 | -- | $800 |
| 2015 | -- | $800 |
| 2014 | -- | $800 |
| 2013 | -- | $800 |
| 2012 | -- | $800 |
| 2011 | -- | $800 |
| 2010 | -- | $800 |
| 2009 | -- | $800 |
| 2008 | -- | $800 |
| 2007 | $1,722 +9.9% | $800 |
| 2005 | $1,568 +1.4% | $800 |
| 2004 | $1,546 +8.9% | $800 |
| 2003 | $1,419 +6.2% | $800 |
| 2002 | $1,335 +9.3% | $800 |
| 2001 | $1,222 +9.6% | $800 |
| 2000 | $1,115 | $800 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 11933
Nearby schools
GreatSchools rating
- 2/10Pulaski Street Elementary SchoolGrades: 5-6Distance: 4 mi
- 3/10Riverhead Middle SchoolGrades: 6-8Distance: 3.9 mi
- 3/10Riverhead Senior High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Phillips Avenue School
- Middle: Riverhead Middle School
- High: Riverhead Senior High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 11933
- New York
- Suffolk County
- Calverton
- 11933
- 231 Hill Rise
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