Income-Generating Mixed-Use
171 S Franklin Street Hempstead, NY 11550
For Sale
$925,000
MULTI_FAMILY - Hempstead, NY
Lot Size0.07 Acres
Days on Market323
Property Features for 171 S Franklin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Basement
Full
Standard status
Active
APN
2013-34-377-00-0387-0
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
28860
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Multi Units, Separate Meters
Water source
Public
Building Details
Year built
1926
Number of units
3
Building materials
Cedar
Listing Agency:
Keller Williams Realty Greater
(516) 873-7100
Listed By:
Aziz S. Qaud · License #10401250846
(516) 223-1000
Added: Sep 11, 2025
Changed: Jul 28
Last Checked: Jul 30 at 1:06AM
MLS# 911557
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli. Above the storefront are two apartments: one with two bedrooms and another with three bedrooms. The building includes a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner lot of 0.0672 acres, the property is located across from new developments, with more projects underway and a new charter school just a block away. The location is near buses, schools, and the train. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom apartment, and $2,700 for the three-bedroom apartment, with potential for increases. The basement and backyard offer additional income potential. The property is located in Hempstead, Nassau County, New York.
Key Highlights
- Income‑generating commercial property with double storefront on ground floor and two apartments above (2‑bedroom and 3‑bedroom)
- Ground‑floor storefront currently occupied by a grocery and deli; apartments above
- Current rents: $3,952 for the deli/grocery, $2,060 for the 2‑bedroom, and $2,700 for the 3‑bedroom
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property with storefront, apartments, and income potential.
Where is this mixed-use property located?
The property is located at 171 S Franklin Street Hempstead, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Income‑generating commercial property with double storefront on ground floor and two apartments above (2‑bedroom and 3‑bedroom); Ground‑floor storefront currently occupied by a grocery and deli; apartments above; Current rents: $3,952 for the deli/grocery, $2,060 for the 2‑bedroom, and $2,700 for the 3‑bedroom
