134 Ponquogue Avenue, Hampton Bays, NY, 11946
8 rooms
5 beds
3 Full baths
1994
Other
2,782 sqft
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.
Status:
Active
Type:
Single-family residential
Heating:
Oil, Other
Cooling:
Central Air
Basement:
None
Parking:
Other
Acreage:
0.73
Assessment
$531,900
Construction
Frame
Utilities
See Remarks
Elementary School:
Hampton Bays Elementary School
Middle School:
Hampton Bays Middle School
High School:
Hampton Bays High School
School District:
Hampton Bays
Days on Market:
1
Appliances:
Other
MLS #:
993318
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Douglas Elliman Real Estate 631-288-6244