338 & 340 Main Street, E. Setauket (East Setauket), NY, 11733 | $1,000,000

Investors delight! Legal 2 family residence-220. Three rental incomes! A house ($4000/Mo), a cottage($3000/Mo), and vertical farm containers($2500/Mo). on an acre of land. There are 3 power sources with a total of 600amps. Being sold with tenants that have a year lease. This property is neatly maintained with stunning lighted rock accents and a spacious paver driveway. The front Cape Cod house was recently renovated with a new kitchen, appliances, bath, heating system, hot water heater, electrical panel, and fencing. It has 3 nice sized bedrooms, 2 baths, laundry room, eat-in-kitchen, lr/dr, new cac, partial bsmt with bilco doors, and newer exterior paint. Flat backyard with awesome stonework. The master bedroom with ensuite bath has 2 sinks. House is approximately 1200 sq. ft. The back cottage was recently (2025) gutted and all redone! It has 2 bedrooms, 1 full bath, and an open concept kitchen and living room with vaulted ceilings with rustic beams and recess lighting! It's large windows invites lots of natural light which brightens the home and makes everything shine! The 2 bedrooms each have a small loft area with accessible ladder. Cottage is approximately 800 sq. ft. This one of a kind property is centrally located just minutes from 2 train stations, Stony Brook University, hospitals, quaint Historic Setauket, beaches, parks, Port Jefferson Village where you will find enjoyable night life, great dining, boating, the ferry to easy access to Connetitcut, the "Square" where you can hear live music, shops, and enjoy delicious ice cream! Oh and not to mention Theater Three to see plays and much more! (Vertical farm containers are not included in this sale. They pay rent to use a small portion of the land. ) The pictures do not do this property justice. A must see in person!

Features

  • Town: E. Setauket
  • Rooms: 9
  • Bedrooms: 5
  • Baths: 3 full
  • Laundry: Laundry Room
  • Style: Cape Cod, Ranch
  • Year Built: 1850
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Basement: Bilco Door(s), Partial, Unfinished
  • Approx Sq. Feet: 2,000
  • Acreage: 1.01
  • Est. Taxes: $11,548
  • Lot Desc: Back Yard, Cleared, Front Yard, Irregular Lot, Level, Part Wooded, Private, See Remarks, Stone/Brick Wall
  • Elem. School: Setauket Elementary School
  • Middle School: Paul J Gelinas Junior High School
  • High School: Ward Melville Senior High School
  • School District: Three Village
  • Appliances: Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Gas Water Heater
  • MLS#: 000178
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/000178/338and340mainstreet_esetauket_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Coldwell Banker American Homes   Phone: 631-929-8400

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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338 & 340 Main Street, E. Setauket (East Setauket), NY, 11733

$1,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $800,000 $800,000 $800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $962 $962 $962
H/O Insurance Payment TBD TBD TBD
Initial Principal & Interest Pmt $4,480 $4,861 $6,697
Total Monthly Payment $5,534 $5,823 $7,659

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.