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

Starting Bid: December 16th, 2026

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.

Five Fully Leased Units on a 0.80-Acre Lot: Main house and four detached cottages are all leased, generating $213,600 in gross annual rent.

Lean $36,249 Annual Operating Expense Load: Low $5,792 property tax bill and modest R&M keep total expenses under 17% of gross income.

Diversified Unit Mix Across Five Buildings: One 4BR/4BA main house plus three 2BR/1BA cottages and a 1BR/1BA spread rollover across 5 leases.

Steps From the Shinnecock Bay Shoreline: Corner site at Inlet Road W and North Highway, a short walk to the bay beach in Hampton Bays.

Starting Bid: $750,000

Auctioneer: Ralph Passono, Jr.

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: 10311203946