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231 Hill Rise, 
Calverton, NY 11933

$315,000

2

Beds

2

Baths

1,008

Sq Ft

Single Family

Active

Listed by

Keith M. Dawson Cbr

Signature Premier Properties

Last updated:

February 10, 2026, 11:45 AM

MLS#

931492

Source:

OneKey MLS

About This Home

231 Hill Rise

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.

Home Facts

Single Family

2 Baths

2 Bedrooms

Built in 1970

Price Summary

315,000

$312 per Sq. Ft.

MLS #:

931492

Last Updated:

February 10, 2026, 11:45 AM

Added:

4 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

1

Interior

Living Area:

1,008 Sq. Ft.

Structure

Structure

Building Area:

1,008 Sq. Ft.

Year Built:

1970

Lot

Lot Size (Sq. Ft):

871

Finances & Disclosures

Finances

Price:

$315,000

Price per Sq. Ft:

$312 per Sq. Ft.

Source:OneKey MLS
Copyright 2026 OneKey MLS. All rights reserved. Listings courtesy of OneKey MLS as distributed by MLS GRID . OneKey MLS provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. OneKey MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of OneKey MLS.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.