5 Building Hamptons Compound | Steps to Shinnecock Bay, $220K+ Gross Rent

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 127 Inlet Road W is a rare five-unit residential compound on 0.80 acres in Hampton Bays, NY, a short walk from the Shinnecock Bay shoreline. The property has a two-story 4BR/4BA main house and four detached cottages, with 4,497 SF of living space across five separately configured buildings and eight parking spaces. All five units are currently leased, producing $213,600 in gross annual rent. Total operating expenses of $36,249 reflect a lean cost structure, helped by a modest $5,792 annual tax bill. The unit mix of one four-bedroom house, three two-bedroom cottages and a one-bedroom cottage spreads out lease rollover and appeals to both year-round and seasonal renters. Zoned R20, the site has existing lot coverage of roughly 11.1% against a 20% allowance, which gives a new investor room to improve or expand the buildings over time, subject to local approvals. Set in one of the East End’s most sought-after summer markets, the offering gives investors immediate in-place income and the long-term value of a scarce multi-building holding in the Hamptons, where median household incomes exceed $126,000 within three miles.