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Hempstead, NY Apartment Buildings for Sale

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Income-Generating Mixed-Use Property
$925,000
0.07 Acres

Income-Generating Mixed-Use Property

171 S Franklin Street, Hempstead, NY 11550

Commercial property with storefront, apartments, and income potential.

  • Excellent 7.5% Cap Rate with Upside at $975,000 Asking Price
  • Income‑Generating Property featuring a Double Storefront and Two Apartments
  • Strong Rental Income: $3,952 (deli/grocery), $2,060 (2‑bed), $2,700 (3‑bed)
  • New Roof with Warranty and Upgraded 200‑amp Electric
  • Prime Corner Location across from New Developments and Near Transportation
Updated: Sep 11, 2025
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Renovated Hempstead Apartment Building
Contact for pricing

Renovated Hempstead Apartment Building

54 Greenwich St, Hempstead, NY 11550

Fully occupied apartment building with recent renovations and upgrades.

  • 100% Occupied with 100% Rent Collection
  • Attractive Mix of Studio, 1‑Bedroom, and 2‑Bedroom Oversized Apartments
  • 30% of Units Gut Renovated
  • Recent Brick Pointing and Parapet Completion (2023)
  • New Meter Banks & Main Breaker Box (2021)
Updated: Mar 26
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Based on your search, we've compiled 133 Potential Opportunities for your consideration. Besides 2 Active listings in Hempstead, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 123 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Multifamily Property in Little Neck
$1,999,000
0.24 Acres

Renovated Multifamily Property in Little Neck

Meticulously renovated multifamily property in a desirable Little Neck location.

4320 Hamilton Place, Little Neck, NY 11363
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Approved Condo Project in Lynbrook
$1,250,000
0.43 Acres

Approved Condo Project in Lynbrook

Approved 6-unit condo project with foundation in place in Lynbrook.

33 Park Place, Lynbrook, NY 11563
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Approved Condo Project with Foundation
$1,250,000
0.43 Acres

Approved Condo Project with Foundation

Approved six-unit condo project with foundation in place.

33 Park Pl, Lynbrook, NY 11563
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Mixed-Use Building in Little Neck
$2,800,000
4,669 SF

Mixed-Use Building in Little Neck

Two-story mixed-use building with basement, suitable for investment.

46-21 Little Neck Parkway, Little Neck, NY 11362
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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Brooklyn Two-Family Home with Development Potential
$1,888,888
0.10 Acres

Brooklyn Two-Family Home with Development Potential

Two-family home on a large lot with significant development potential.

69 Martense Street, Brooklyn, NY 11226
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Wilkes Barre Land Opportunity
$130,000
0.43 Acres

Wilkes Barre Land Opportunity

Land available for multi-unit development near university and transportation.

320 N Main Street, Wilkes Barre, PA 18702
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Land Near Shepherd University
$650,000
3.70 Acres

Land Near Shepherd University

Prime land with approved apartment concept near Shepherd University.

8285 MARTINSBURG Pike, Shepherdstown, WV 25443
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Multifamily Development Opportunity in Charlotte
$559,700
0.47 Acres

Multifamily Development Opportunity in Charlotte

Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

4312 Tantilla Circle, Charlotte, NC 28215
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Explore Off-Market Properties in Hempstead, NY

Consider similar Off-Market properties in Hempstead, NY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

16 Burr Ave

16 Burr Ave

APARTMENT HOUSE (5+ UNITS) • 1,470 SF
Value Estimation
$1,030,000
16 Burr Ave, Hempstead, NY 11550-2540
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40-44 Orch St

40-44 Orch St

APARTMENT HOUSE (5+ UNITS) • 1,200 SF
Value Estimation
$1,355,000
40-44 Orch St, Hempstead, NY 11550
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227 Chestnut St

227 Chestnut St

APARTMENT HOUSE (5+ UNITS) • 11,098 SF
Value Estimation
$3,570,000
227 Chestnut St, West Hempstead, NY 11552-2416
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107 James L L Burrell Ave

107 James L L Burrell Ave

HIGH-RISE APARTMENTS • 9,644 SF
Value Estimation
$4,000,000
107 James L L Burrell Ave, Hempstead, NY 11550-1845
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91 Franklin St

91 Franklin St

APARTMENT HOUSE (5+ UNITS) • 2,496 SF
Value Estimation
$2,005,000
91 Franklin St, Hempstead, NY 11550-5695
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35 Covert St

35 Covert St

APARTMENT HOUSE (5+ UNITS) • 2,940 SF
Value Estimation
$2,210,000
35 Covert St, Hempstead, NY 11550-4809
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108 Grv St

108 Grv St

APARTMENT HOUSE (5+ UNITS) • 2,400 SF
Value Estimation
$1,740,000
108 Grv St, Hempstead, NY 11550-5698
View details
590 Fulton Ave

590 Fulton Ave

HIGH-RISE APARTMENTS • 13,416 SF
Value Estimation
$2,545,000
590 Fulton Ave, Hempstead, NY 11550-4352
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600 Fulton Ave

600 Fulton Ave

HIGH-RISE APARTMENTS • 22,799 SF
Value Estimation
$4,635,000
600 Fulton Ave, Hempstead, NY 11550-4353
View details
Martin Luther King Dr

Martin Luther King Dr

APARTMENT HOUSE (5+ UNITS) • 3,106 SF
Value Estimation by Request
Martin Luther King Dr, Hempstead, NY 11550
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Martin Luther King Dr

Martin Luther King Dr

APARTMENT HOUSE (5+ UNITS) • 2,798 SF
Value Estimation by Request
Martin Luther King Dr, Hempstead, NY 11550
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Martin Luther King Dr

Martin Luther King Dr

APARTMENT HOUSE (5+ UNITS) • 351 SF
Value Estimation by Request
Martin Luther King Dr, Hempstead, NY 11550
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299 Franklin St

299 Franklin St

APARTMENT HOUSE (5+ UNITS) • 3,106 SF
Value Estimation by Request
299 Franklin St, Hempstead, NY 11550-6849
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160 Hilton Ave

160 Hilton Ave

APARTMENT HOUSE (5+ UNITS) • 15,764 SF
Value Estimation
$8,625,000
160 Hilton Ave, Hempstead, NY 11550-8107
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17 Maple Ave

17 Maple Ave

APARTMENT HOUSE (5+ UNITS) • 1,980 SF
Value Estimation
$765,000
17 Maple Ave, Hempstead, NY 11550-5512
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191 Woodfield Rd

191 Woodfield Rd

APARTMENT HOUSE (5+ UNITS) • 6,336 SF
Value Estimation
$2,525,000
191 Woodfield Rd, West Hempstead, NY 11552-2541
View details
680 Evelyn Ave

680 Evelyn Ave

APARTMENT HOUSE (5+ UNITS) • 1,800 SF
Value Estimation
$1,585,000
680 Evelyn Ave, East Meadow, NY 11554-5467
View details
67 Ter Ave

67 Ter Ave

HIGH-RISE APARTMENTS • 15,825 SF
Value Estimation
$2,175,000
67 Ter Ave, Hempstead, NY 11550-2313
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51 Bell St

51 Bell St

APARTMENT HOUSE (5+ UNITS) • 5,054 SF
Value Estimation
$3,270,000
51 Bell St, Hempstead, NY 11550-3635
View details
255 Fulton Ave, Unit B

255 Fulton Ave, Unit B

APARTMENT HOUSE (5+ UNITS) • 7,740 SF
Value Estimation
$3,115,000
255 Fulton Ave, Hempstead, NY 11550-3945
View details
425 Newbridge Rd

425 Newbridge Rd

APARTMENT HOUSE (5+ UNITS) • 35,516 SF
Value Estimation
$4,650,000
425 Newbridge Rd, East Meadow, NY 11554-4122
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131 Main St, Unit 145

131 Main St, Unit 145

HIGH-RISE APARTMENTS • 14,200 SF
Value Estimation
$17,445,000
131 Main St, Hempstead, NY 11550-2414
View details

Hempstead, NY Apartment Buildings Investment Opportunities Market Analysis

Explore 125 apartment buildings for sale in Hempstead, NY on our real estate platform. These investment opportunities span a total of 1,258,542 square feet of properties for sale, with an estimated market value of $37,985,000.

Sale prices for two-family homes in Hempstead, NY start at $55,000, averaging $2,110,277, and reaching up to $7,850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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