Legal Two-Family Ranch Home with Four-Car
For Sale
$500,000
Pending
3840 Linden Place, Hempstead, NY 11550
Residential Income, Hempstead, NY
Property SizeContact for details
Lot Size0.11 Acres
Days on Market222
Property Features for 3840 Linden Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 7
Parking
3
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath
Basement
Finished, Full
Middle school
Alverta B Gray Schultz Middle Sch
High school
Hempstead High School
Elementary school district
Hempstead
Middle school district
Hempstead
High school district
Hempstead
Directions
Peninsula Blvd to Linden PL
Standard status
Pending
APN
2013-34-384-00-0215-0
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
17747
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1962
Number of units
2
Flooring type
Carpet, Hardwood
Building materials
Frame
Architectural style
Ranch
Listing Agency:
Coldwell Banker American Homes · Coldwell Banker Real Estate
(516) 223-2525
Listed By:
John C. Gandolfo · License #30GA0946823
(516) 779-8423
Added: Jan 12
Changed: Aug 20
Last Checked: Aug 22 at 8:06AM
MLS# 951139
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 legal two-family, high-ranch style ranch home is built with frame construction and dates to 1962. The property is configured as two separate units. The first floor includes an open living/dining area, eat-in kitchen, three bedrooms, and one full bathroom, with access to a full finished basement that includes dedicated laundry and utility space. The second floor offers a large living/dining area, eat-in kitchen, four bedrooms, and one full bathroom. Flooring includes hardwood and carpet.
The home is Section 8 approved, with a rental history described in the listing. Utility service is separated with two separate meters for gas and two separate meters for electric, along with two boilers and two hot water heaters. Heating is natural gas with hot water heating, and water and sewer are public. Parking is provided via a four-car driveway plus ample street parking.
Per the listing, the home will be delivered with existing tenants and leases to transfer to a new buyer. Voucher renewal dates are listed as 5/1/2026 with a 5% increase to the renewed voucher amount and 2/1/2026 for the second unit.
The home is Section 8 approved, with a rental history described in the listing. Utility service is separated with two separate meters for gas and two separate meters for electric, along with two boilers and two hot water heaters. Heating is natural gas with hot water heating, and water and sewer are public. Parking is provided via a four-car driveway plus ample street parking.
Per the listing, the home will be delivered with existing tenants and leases to transfer to a new buyer. Voucher renewal dates are listed as 5/1/2026 with a 5% increase to the renewed voucher amount and 2/1/2026 for the second unit.
Key Highlights
- 0.1148‑acre lot with 1962 ranch construction
- Legal two‑family layout: three bedrooms on first floor, four bedrooms on second floor
- Section 8 approved with existing tenants and lease transfer to buyer
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 11550, NY
61,901
Population
19,579
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
14,738
Density / Sq Mi
$86,904
Median Household Income
$40,662
Median Earnings
$1,647
Median Rent
$446,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family ranch with two separate utilities and Section 8 approval, plus a finished basement and four-car driveway.
Where is this duplex located?
The property is located at 3840 Linden Place Hempstead, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 0.1148‑acre lot with 1962 ranch construction; Legal two‑family layout: three bedrooms on first floor, four bedrooms on second floor; Section 8 approved with existing tenants and lease transfer to buyer
