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

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.

58 days

472

14

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: 59 days
Listing agreement: Exclusive Right To Sell
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
11/4/2025	Listed for sale	$315,000+18%$313/sqft
Source: OneKey® MLS #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 #3541269 Report a problem
4/1/2024	Listed for rent	$2,750$3/sqft
Source: OneKey® MLS #3541269 Report a problem
5/16/2023	Sold	$227,000+3.2%$225/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	--	$800
2023	--	$800
2022	--	$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.

See how much you could borrow to make a competitive offer.

Get pre-qualified