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MLS ID KEY1063571Last updated Oct 17, 2026

Multi Family

127 Inlet Road

Active · Southampton · Suffolk County, NY 11946

Asking price$2,900,000Request a Showing
Year built
1989
Est. monthly taxes
$498.08
Property gallery0 / 23
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About this home

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.

Listing snapshot

Days on site
12 days
Listed on MLS
Oct 16, 2026
Annual property tax (MLS)
$5,977
Tax year
2025
Listing brokerage
LAFFEY REAL ESTATE
MLS ID
KEY1063571
Last updated
Oct 17, 2026

General features

Property type
Multi Family
Year built
1989
Total parking
8
Parking
Driveway, Private
Water source
Public
Sewer
Cesspool
Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected

Interior features

Basement
Crawl Space
Heating
Natural Gas
Cooling
Central Air, Varies by Unit, Wall/Window Unit(s)

Exterior features

Construction materials
Advanced Framing Technique

Schools (MLS)

Elementary school
Southampton Elementary School
Elementary school district
Southampton
Middle school
Southampton Intermediate School
Middle school district
Southampton
High school
Southampton High School
High school district
Southampton

School information is provided by the MLS. Confirm attendance eligibility with the school district.

Recent activity

  1. Listing updated from MLS
  2. First seen on this site
  3. MLS status changed

Location

Southampton · Suffolk County, NY 11946Show interactive map
127 Inlet Road

Southampton · Suffolk County, NY 11946

Google Maps directions

Listing data is supplied by the MLS and may change without notice.