134 Ponquogue Avenue, Southampton, NY, 11946
$1,550,000
activeBedrooms
5
Bathrooms
3
Sq Ft
2,782
Lot Size
31,799 sqft
Year Built
1994
Type
Single Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
This prime legal three-unit multi-family property in the heart of Hampton Bays offers an exceptional investment and development opportunity on a generous 0.73-acre lot. The two-story, 2,782-square-foot residence features 5 bedrooms and 3 full bathrooms, thoughtfully configured to generate consistent rental income with all units currently tenant-occupied and separately metered. Because tenants pay all utilities, the asset maintains extremely low operating expenses, providing immediate cash flow and long-term security. Strategically located minutes from the area's vibrant shopping, dining, and world-class beaches, the property benefits from high year-round demand. Furthermore, the expansive lot and the positioning of the existing home provide significant redevelopment potential, including the possibility of adding additional structures or accessory units to enhance the rent roll and overall value. Whether expanding a portfolio or seeking a high-yield asset at the gateway to the Hamptons, this legal multi-family property delivers on location, income stability, and future growth potential.
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Listed by Kimberly J. Cammarata, Douglas Elliman Real Estate
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of May 2, 2026, 9:01 AM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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