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478 Marcy Avenue, Riverhead, NY, 11901

4beds
3baths
1,850sqft
$829,000
$448price/sqft
$5,913/moest. monthly cost
$236,520/yrincome needed

About This Home

Exceptional opportunity to own a well-maintained income producing duplex or whether you are searching for a primary residence with supplemental rental income or a solid investment property to add to your portfolio. This is a legal duplex with rental permits and CO's in place, located in the heart of the East End wine country. Close to Tanger Outlets, schools, multiple golf course's, main street shopping and the Long Island Railroad. Separate driveways and yards for each unit. Out of respect for the tenants 24-48 hour advance notice is required to show. Don't miss out.

Getting Around

52
WalkingSomewhat Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

3/10
Riverhead Middle SchoolGrades 6-80.2 mi
3/10

Construction

Condition

  • Property condition: Actual
  • Year built: 1893

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Frame,HardiPlank Type,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Laundry features: Washer/Dryer Hookup,Electric Dryer Hookup,In Garage,Laundry Room,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Bilco Door(s),Full,Storage Space

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,Granite Counters,High Speed Internet,Pantry,Storage
  • Flooring: Carpet,Laminate,Tile,Vinyl
  • Attic: Full,Storage,Unfinished,Walkup

Heating & Cooling

  • Heating features: Baseboard,Natural Gas
  • Cooling features: Separate Meters,Wall/Window Unit(s)

Interior Area

  • Total structure area: 1,850
  • Total interior livable area: 1,850 sqft

Property

Details

  • Parcel number: 0600123000200003002
  • Special condition: None

Features

  • Patio & porch: Deck,Patio,Porch
  • Exterior features: Rain Gutters
  • Fencing: Back Yard,Perimeter
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 0.35 Acres
  • Features: Back Yard,Front Yard,Garden,Landscaped,Level,Near Golf Course,Near Public Transit,Near School,Sprinklers In Front,Sprinklers In Rear

Parking

  • Total spaces: 6
  • Parking features: Driveway,On Street,Private
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Coastal Flooding
Cold Wave
Hurricane
Lightning
Tsunami

FEMA Declared Disasters in Suffolk County and New York

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,191$50,292
Home Insurance *$298$3,576
Property Taxes $1,119$13,428
Electricity $305$3,668
Total$5,913$70,956
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$202,731/yr
40% on housing$177,390/yr
45% on housing$157,680/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.6%
4.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$448This listing

vs Other Active Listings

Avg $/sqft

ZIP 11901$385
Suffolk County$724

vs Homes Sold Last Month

Median $/sqft

ZIP 11901$459
Suffolk County$412

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-03Listed for sale$829,000
2017-09-21Sold$380,000
2017-07-13Listed for sale$389,000
2000-11-20Sold$122,000

For Sale by Agent

AgentJoseph Vullo
BrokerageH & G Realty New York

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