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    Hempstead, NY Multifamily Properties for Sale

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    Turnkey Two-Family Colonial Home
    Updated: Jun 3
    Turnkey Two-Family Colonial Home

    29 Elm Avenue, Hempstead, NY 11550

    $879,000
    0.23 AC lot
    Legal two‑family Colonial at 29 Elm Avenue, Hempstead (built 1908) with 4 bedrooms and 5 bathrooms
    Two separate front entrances with separate gas and electric meters for each unit
    Recent upgrades include brand‑new siding and a high‑efficiency Navien natural gas heating system
    Refinished hardwood floors with baseboard natural gas heat; wall/window and window AC units
    Upgraded 200‑amp electrical service; updated interior includes a first‑floor bedroom and first‑floor full bath
    View details
    Two-Family House with Loft
    Updated: Jun 25
    Two-Family House with Loft

    117 Walnut Street, West Hempstead, NY 11552

    $899,999
    Legal 2‑family house built in 1907 on a quiet, tree‑lined street
    Bottom unit: 3 bedrooms and 2 bathrooms, plus access to a full finished basement with laundry
    Upstairs unit: 1 bedroom, 1 bathroom, with additional bonus loft space
    Private back yard with a 2‑car garage, driveway, and ample parking
    Heating: steam; cooling: wall/window and window unit(s)
    View details
    Residential Income Property
    Residential Income Property

    14 Vanata Court, Hempstead, NY 11550

    $699,000
    0.12 AC lot

    Built in 1963, this 6-bedroom, 2.5-bath home features a new roof installed in 2025 and a flexible layout.

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    Hempstead Multifamily Investment Opportunity
    Hempstead Multifamily Investment Opportunity

    22 Virginia Avenue, Hempstead, NY 11550

    $1,399,999
    0.09 AC lot

    Tenant-occupied four-unit property with recent renovations and updated utilities.

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    Two-Unit Duplex with Detached Garage
    Two-Unit Duplex with Detached Garage

    1060 Midland Street, Uniondale, NY 11553

    $739,000
    0.14 AC lot

    Separately occupied duplex near downtown Uniondale, with tenant-paid heat and electric and owner-provided hot water.

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    Hempstead Two-Family Investment Opportunity
    Hempstead Two-Family Investment Opportunity

    3840 Linden Place, Hempstead, NY 11550

    $500,000
    0.11 AC lot

    Legal two-family home with reliable rental history and separate utilities.

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    Hempstead Multifamily Handyman Special
    Hempstead Multifamily Handyman Special

    153 Cornell Street, Hempstead, NY 11550

    $599,000
    0.22 AC lot

    Multifamily property in Hempstead, NY, requiring renovation.

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    Renovated Four-Family Home
    Renovated Four-Family Home

    136 Fairview Boulevard, Hempstead, NY 11550

    $1,399,000
    0.17 AC lot

    Recently renovated legal four-family with updated kitchens, modern baths, and a fenced backyard plus a full finished basement.

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    Corner Mixed-Use Building with Garage
    Corner Mixed-Use Building with Garage

    352 Hempstead Avenue, West Hempstead, NY 11552

    $1,450,000
    0.05 AC lot

    Four-unit mixed-use corner building with retail space, apartments, and a detached 2-car garage.

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    New Construction Apartment Building
    New Construction Apartment Building

    533 Greenwich St, Hempstead, NY 11550

    $7,300,000

    Turnkey 12-unit apartment building built in 2024 with elevator.

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    Renovated Hempstead Apartment Building
    Renovated Hempstead Apartment Building

    54 Greenwich St, Hempstead, NY 11550

    Contact for pricing

    Fully occupied apartment building with recent renovations and upgrades.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 11 Active listings in Hempstead, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Owner-Occupied Two-Family Brick Home
    Owner-Occupied Two-Family Brick Home

    2063 Walnut Street, North Baldwin, NY 11510

    $849,000
    0.17 AC lot

    A legal two-family residence with private entrances, in-unit washer/dryer, and finished basement flexibility on a fully fenced corner lot.

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    Legal Two-Family Home with Garage
    Legal Two-Family Home with Garage

    236 Jackson Avenue, Mineola, NY 11501

    $899,999
    0.11 AC lot

    Well-maintained duplex in Mineola featuring two separate units, basement laundry, and a detached two-car garage.

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    Renovated Home in Mineola, NY
    Renovated Home in Mineola, NY

    236 Maple Place, Mineola, NY 11501

    $1,050,000
    0.11 AC lot

    Ultramodern, custom-renovated home designed for entertaining in Mineola.

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    Mixed-Use Retail and Two-Family Property
    Mixed-Use Retail and Two-Family Property

    2074 Grand Avenue, North Baldwin, NY 11510

    $825,000

    Two-family living plus a dedicated retail tenant, with basement storage used for additional income.

    View details

    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.

    Flatbush Development Property For Sale
    Flatbush Development Property For Sale

    14 E 32nd Street lot: 13, Brooklyn, NY 11226

    $1,249,000
    1,407 sqft 0.09 AC lot

    40 x 100 lot with R6, C1-2 zoning.

    View details
    Brooklyn Two-Family Home with Development Potential
    Brooklyn Two-Family Home with Development Potential

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    2,660 sqft 0.10 AC lot

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

    View details
    Expansive Land Parcel in Holmes
    Expansive Land Parcel in Holmes

    545 Grape Hollow Road, Holmes, NY 12531

    $750,000
    2,480 sqft 75.32 AC lot

    75+ acre land parcel with garage near I-84.

    View details
    Southampton Village Multifamily Opportunity
    Southampton Village Multifamily Opportunity

    39 Halsey Avenue, Southampton, NY 11968

    $2,300,000
    0.33 AC lot

    Two-family home in the heart of Southampton Village.

    View details

    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.

    100 Ter Ave
    APARTMENT HOUSE (5+ UNITS)

    100 Ter Ave, Hempstead, NY 11550-2314

    Value Estimation by Request
    114,791 sqft 3.99 AC lot
    View details
    16 Burr Ave
    APARTMENT HOUSE (5+ UNITS)

    16 Burr Ave, Hempstead, NY 11550-2540

    $845,000
    Estimated value
    1,470 sqft 0.14 AC lot
    View details
    142 Henry St
    BOARDING/ROOMING HOUSE

    142 Henry St, Hempstead, NY 11550-5714

    $655,000
    Estimated value
    2,099 sqft 0.14 AC lot
    View details
    40-44 Orch St
    APARTMENT HOUSE (5+ UNITS)

    40-44 Orch St, Hempstead, NY 11550

    $1,355,000
    Estimated value
    1,200 sqft 0.27 AC lot
    View details
    227 Chestnut St
    APARTMENT HOUSE (5+ UNITS)

    227 Chestnut St, West Hempstead, NY 11552-2416

    $3,570,000
    Estimated value
    11,098 sqft 0.82 AC lot
    View details
    107 James L L Burrell Ave
    HIGH-RISE APARTMENTS

    107 James L L Burrell Ave, Hempstead, NY 11550-1845

    $4,000,000
    Estimated value
    9,644 sqft 0.74 AC lot
    View details
    91 Franklin St
    APARTMENT HOUSE (5+ UNITS)

    91 Franklin St, Hempstead, NY 11550-5695

    $2,005,000
    Estimated value
    2,496 sqft 0.08 AC lot
    View details
    35 Covert St
    APARTMENT HOUSE (5+ UNITS)

    35 Covert St, Hempstead, NY 11550-4809

    $2,210,000
    Estimated value
    2,940 sqft 0.10 AC lot
    View details
    70 Grv St
    BOARDING/ROOMING HOUSE

    70 Grv St, Hempstead, NY 11550-5652

    Value Estimation by Request
    2,650 sqft 0.25 AC lot
    View details
    108 Grv St
    APARTMENT HOUSE (5+ UNITS)

    108 Grv St, Hempstead, NY 11550-5698

    $1,740,000
    Estimated value
    2,400 sqft 0.45 AC lot
    View details
    590 Fulton Ave
    HIGH-RISE APARTMENTS

    590 Fulton Ave, Hempstead, NY 11550-4352

    $2,545,000
    Estimated value
    13,416 sqft 1.46 AC lot
    View details
    600 Fulton Ave
    HIGH-RISE APARTMENTS

    600 Fulton Ave, Hempstead, NY 11550-4353

    $4,635,000
    Estimated value
    22,799 sqft 2.30 AC lot
    View details
    Martin Luther King Dr
    APARTMENT HOUSE (5+ UNITS)

    Martin Luther King Dr, Hempstead, NY 11550

    Value Estimation by Request
    3,106 sqft 3.90 AC lot
    View details

    Hempstead, NY Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Hempstead, NY, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $15,864,998.

    Sale prices for multifamily properties in Hempstead, NY start at $0.00, averaging $1,442,272, and reaching up to $7,300,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 6
    Apartment buildings 4
    Quadplexes 3

    Demographics Overview

    Population 63K
    Population Growth (5Y) +5.2%
    Median Household Income $86,904
    College Educated 35.0%

    High-Yield Neighborhoods for Investment

    Identify Hempstead submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    11550 $1.7M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Nassau County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Hempstead fall within the 25,000 to 50,000 square foot range.

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    Most Searched ZIP Codes in Hempstead, NY

    • 11550
    • 11552
    • 11553

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