Colonial Duplex in Prime
250 Main Road, Riverhead, NY 11901
MULTI_FAMILY - Colonial - Riverhead, NY
Property size:
3,900 SFLot size:
1.24 AcresPrice / SF:
$332/SF- Added:
- Feb 4, 2026
- Days on Market:
- 101
- Last Refresh:
- May 16 at 3:06 pm
Property Features for 250 Main Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 8, Bedroom 1, Basement, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 7
- Parking features
- Driveway
- Interior features
- First Floor Full Bath
- Standard status
- Active
- APN
- 0600-085-00-02-00-005-007
- Size
- 3,900 SF
- Lot size
- 1.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 17022
Utilities
- Sewer type
- Cesspool
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1860
- Number of units
- 3
- Building materials
- Frame
- Architectural style
- Colonial
Listing agent Dana M. Gabriel License #10401270595 (631) 241-6976
Listing office Douglas Elliman Real Estate 2410 N Ocean Ave, Huntington Station, NY (631) 758-2552
Listing date Feb 4, 2026
MLS# 958586
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location on Main Road in Riverhead, offering both immediate value and long‑term upside.
- Income‑generating duplex with two spacious rental units and potential for a third.
- Large 1.24‑acre parcel with ample off‑street parking.
- Substantial 3,900 square feet of living space with 8 bedrooms and 4 bathrooms.
- Flexible property suitable for multigenerational living, rental expansion, or creative reconfiguration.
- Close proximity to local farms, acclaimed vineyards, dining, recreation, and coastal attractions of Long Island's North Fork.
Overview
Located on Main Road in Riverhead, this investment opportunity features a Colonial-style duplex on a 1.24-acre parcel. The property offers 3,900 square feet of living space across two rental units, currently generating income, with a possible unfinished third unit. The duplex includes a total of 8 bedrooms and 4 bathrooms, providing flexibility for multigenerational living, rental expansion, or creative reconfiguration. A generously sized parking lot ensures ample off-street parking for residents and guests. Situated in Long Island's North Fork, the property is near local farms and vineyards, with access to dining, recreation, and coastal attractions. This property offers both immediate value and long-term upside in a desirable Riverhead location. The property is intended for use as a multifamily residential rental property.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$836.8K
NOI $75,310 @ 9.00% cap · cautious / downside scenario
Moderate
$1.08M
NOI $75,310 @ 7.00% cap · market / base-case scenario
Aggressive
$1.51M
NOI $75,310 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.7k | $29.40 |
| − Vacancy | −$7.1k | −$1.81 |
| EGI | $107.6k | $27.59 |
| − OpEx | −$32.3k | −$8.28 |
| NOI | $75.3k | $19.31 |
3,900 SF · lease $29.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.08M
$941.4K – $1.26M
NOI $75,310 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$990.2K
$866.4K – $1.16M
NOI $69,313 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,168 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Goodale Farms
Food Processing Plant
Location Insight
- Map
- Local Demand
- City
- Riverhead
- County
- Suffolk
- State
- New York
- Longitude
- -72.638195
- Latitude
- 40.941684
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Spacious Colonial duplex on 1.24 acres in Riverhead, NY.
Where is this duplex located?
The property is located at 250 Main Road Riverhead, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Prime location on Main Road in Riverhead, offering both immediate value and long‑term upside.; Income‑generating duplex with two spacious rental units and potential for a third.; Large 1.24‑acre parcel with ample off‑street parking.
