134 Ponquogue Avenue, Hampton Bays, NY 11946

• 5 beds |
• 3 baths |
• 2,782 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 11, 2026 at 10:22PM

Listing Office:

Douglas Elliman Real Estate : 631-288-6244

MLS ID:

993318

Interior

• General: Other
• Appliances: Other
• Basement: None
• A/C: Central Air
• Heating: OilOther

Exterior

• Style: Other
• Parking: Other

Location

• Originating MLS: onekey2
• School District: Hampton Bays
• County: Suffolk County

Lot

• Zoning: 0900-295-00-05-00-054-001

Utilities

• Utilities: See Remarks
• Water: Public
• Sewer: Other

Financial

• Source: onekey2