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Renovated 3-Unit Cottage Property
For Sale
Contact for pricing
Pending

332 Canoe Place Rd, Southampton, NY 11968

Three furnished cottages offer separate entrances, driveways, and private outdoor areas within a renovated rental configuration.

Property SizeContact for details
Lot Size0.60 Acres
Days on Market142

Property Features for 332 Canoe Place Rd

General Information

Standard status Pending
Lot size 0.60 Acres
Property subtype Multifamily

Units

Unit Mix 1 x Studio, 1 x 1BR, 1 x 2BR
Multifamily Units 3

Additional Details

Furnished Yes

Amenities

hot tub
fire pit
hammock
outdoor shower
BBQ
smart TV
central air conditioning
tankless hot water heater
storage sheds

Building Details

Buildings 3
Listing Agency: Newmark - New York Headquarters
Listed By: Joseph Cohen · License #NY 10401280839
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 4:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - New York Headquarters

Investment Insights

Based on property information with market context.

Set on .60 acres at 332 Canoe Place Rd in Southampton, this legal triplex comprises three independent rental cottages, each with its own entrance, driveway, and outdoor area. The buildings have been renovated and furnished, with configurations ranging from a studio to one- and two-bedroom layouts. Features across the cottages include updated kitchens and bathrooms, central air conditioning, outdoor decks or patios, and private furnishings. Cottage C spans two stories and includes a washer, while the property also has a tankless hot water heater serving all three units and three separate electrical meters.

Outdoor improvements include new bluestone driveways completed in 2022, decks, patios, hot tubs, fire features, hammocks, grills, and outdoor showers. Cottage C has a private parking area for 3-4 cars, and two storage sheds provide space for tools and FF&E. The property is identified as a legal three-family use, with potential redevelopment options subject to proper approvals.

Key Highlights

  • Legal three‑family property with three independent rental cottages
  • Set on .60 acres at 332 Canoe Place Rd, Southampton, NY 11968
  • Unit mix includes studio, one‑bedroom, and two‑bedroom layouts

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Plumbing Service Kitchen & Bath Showroom Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

43
Businesses Nearby

Demographics for 11968, NY

14,467
Population
10,444
Households
1.4
Avg Household Size
46
Median Age
61%
College-Educated
98%
High-School Grad
26.9 sq mi
ZIP Area
538
Density / Sq Mi
$146,138
Median Household Income
$64,959
Median Earnings
$2,068
Median Rent
$1,171,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three furnished cottages offer separate entrances, driveways, and private outdoor areas within a renovated rental configuration.
Where is this triplex located?
The property is located at 332 Canoe Place Rd Southampton, NY.
What are key features of this property?
This property features: Legal three‑family property with three independent rental cottages; Set on .60 acres at 332 Canoe Place Rd, Southampton, NY 11968; Unit mix includes studio, one‑bedroom, and two‑bedroom layouts
More about this property
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