134 Ponquogue Ave 4 Unit Apartment Building $1,550,000 ($387,500/Unit) Hampton Bays, NY 11946

Prime Legal Multi-Family Investment in the Heart of Hampton Bays
An exceptional opportunity to acquire a legal three-unit multi-family property ideally positioned in the vibrant core of Hampton Bays. This two-story residence spans 2,782 square feet across a generous 0.73-acre lot, offering a rare combination of space, stability, and upside. Featuring 5 bedrooms and 3 full bathrooms, the property is thoughtfully configured to support consistent rental income with extremely low operating expenses. Each unit is tenant-occupied, providing immediate cash flow and long-term investment security. Tenants pay all utilities!
Located minutes from beaches, shopping, dining, and transportation, this property benefits from strong year-round demand and excellent accessibility. Whether you're expanding your portfolio or entering the East End market, this legal asset delivers on location, income, and potential.
In addition to its current configuration, the site presents a compelling opportunity for expansion. The positioning of the existing residence on the lot allows for the potential development of additional structures, creating the possibility to increase the total number of units and enhance the rent roll. This added flexibility further elevates the long-term value and appeal of the investment.