MLS#1063571
STATUSActive
PROPERTY TYPECommercial -
SCHOOLSouthampton
Property Description
RARE FIVE-UNIT INVESTMENT COMPOUND & LOW TAXES | HAMPTON BAYS, NY. A rare five-unit compound on 0.80-acre property, in Hampton Bays, featuring a two-story main house and four detached cottages, each separately configured and currently leased. Just locks from the Shinnecock Bay shore line. This exceptional offering features a spacious two-story main house with 4 bedrooms and 4 full bathrooms, plus four detached cottages consisting of three 2-bedroom units and one 1-bedroom unit, each with its own full bathroom. The property also offers 8 parking spaces, providing added convenience for residents. Currently fully occupied, all five residences generate a combined $213,600 in gross annual rental income, with reported annual operating expenses of $36,249 and an estimated net operating income of $177,351. Ideally located near Shinnecock Bay, beautiful beaches, shopping, dining, and recreational amenities, this distinctive property combines the charm of Hamptons coastal living with established rental income and long-term investment potential. An outstanding opportunity for investors seeking a diversified rental portfolio in one of Long Island's desirable East End communities. All information, rental income, expenses, and property uses should be independently verified.
Property Features
Property Type: Commercial -
Basement: Crawl Space
Cooling: Central Air, Varies by Unit, Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.80 Acres
Stories: 2.0
Taxes: $5,977
Year Built: 1989
Feature Descriptions
Building Area Total: 4497
Days on Site: 1
Exterior: Advanced Framing Technique
On Market Date: 2026-10-16
Parcel Number: 0900-191-00-04-00-027-001
Parking Features: Driveway, Private
Parking Total: 8
Rental Term: Monthly
Sewer: Cesspool
Units: 5
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Local Schools
High School: Southampton High School
Middle School: Southampton Intermediate School
Elementary School: Southampton Elementary School
School District: Southampton
Listed By / Shown By
Listing By
Agency Name: LAFFEY REAL ESTATE
Agency Contact: 516-328-3233
Shown By
Agent Name: Elise Alarimo
Agent Phone: (516) 263-6009
Agency Title: Coldwell Banker American Homes
Elise Alarimo
Office: (516) 334-4333
Cell: (516) 263-6009
Elise Alarimo: (516) 263-6009
Email: Contact
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127 Inlet Road W | MLS# 1063571
This commercial property located at 127 Inlet Road W, Hampton Bays, NY 11946 is currently listed for sale with an asking price of $2,900,000. Inlet Road W is located within the Southampton school district. Search Hampton Bays real estate on elisealarimo.cbamhomes.com today.