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Four-Unit Residential Income Property

77-79 Albermarle Ave Hempstead, NY 11550

77-79 Albermarle Ave, Hempstead, NY, 11550
$790,000
For Sale
$790,000

Four separate units include multiple gas heating and hot water systems plus individual electric meters.

Days on Market74

Property Features for 77-79 Albermarle Ave

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1923
Listing agency
Listed by Vivian Prato
Source Elliman
Added: May 9 Updated: Jul 20 at 10:24PM Checked: Jul 21 at 9:09AM

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 Vivian Prato


Investment Insights

Based on property information with market context.

This four-unit residential property is being sold 100% as-is and includes four separate gas heating systems, four separate gas hot water heaters, and four separate electric meters, with one additional meter for the hallways. The unit mix consists of one 2-bedroom unit and three 3-bedroom units. A full basement is included, with Bilco door access that can provide convenient storage or supplemental usable space.

The property is described as being close to shopping and public transportation. WalkScore is listed as 82 (Very Walkable), BikeScore is 52 (Bikeable), and transitScore is 37 (Some Transit).

Overall, the building’s separate metering and unit-specific heating and hot water setup support straightforward management of the four residences.

Key Highlights

  • 1923‑built 4‑unit multifamily with one 2‑bedroom unit and three 3‑bedroom units
  • 4 separate gas heating systems and 4 separate gas hot water heaters
  • 4 separate electric meters plus 1 separate meter for hallways

Property Analytics

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Daycare Center Grocery & Convenience Store Hotel & Motel (Bike/Boat/Book/etc) Store Florist Clothing & Fashion Store Butcher (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Supermarket

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four separate units include multiple gas heating and hot water systems plus individual electric meters.
Where is this quadplex located?
The property is located at 77-79 Albermarle Ave Hempstead, NY.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 1923‑built 4‑unit multifamily with one 2‑bedroom unit and three 3‑bedroom units; 4 separate gas heating systems and 4 separate gas hot water heaters; 4 separate electric meters plus 1 separate meter for hallways
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