Welcome to 200 Princeton Street, Hempstead, a versatile and well-cared-for two-family home that offers the perfect blend of comfortable living and income potential. This over/under duplex features two generous apartments, each with bright living spaces and functional layouts. The home also includes a full basement and a finished attic level, providing valuable additional space that can be used for recreation, storage, home office, or extended living needs. Detached 1 Car Garage which can be used for more storage flexibility. Only light cosmetic updates needed to truly make it shine. Whether you’re looking to live in one unit and rent the other, or add a solid performer to your rental portfolio, this home offers flexibility, space, and long-term value. Conveniently located near transportation, shopping, and everyday amenities, this is a great opportunity to own a multi-family property with strong upside in a central Hempstead location.
Calling all savvy investors! This well-maintained, tenant-occupied property is a rare find. Located just minutes from the Southern State Parkway, Mercy Hospital, and local schools, it offers the perfect combination of convenience and steady rental income. The building features four two-bedroom apartments, all currently leased. Three of the units have been beautifully renovated between 2022 and 2024, ensuring modern, attractive living spaces for tenants. A new roof, installed 3 years ago, adds to the property's appeal, along with upgraded utilities, including four separate gas and electric meters, heating systems, and hot water heaters-all updated within the past five years. Please note that the property is tenant-occupied, and access is limited to the basement only by appointment. Street parking is available. Whether you're looking to expand your portfolio or secure a property with strong investment potential, this opportunity is not to be missed! Annual Rental Income: $106,200 Property Taxes: $30,388 (Includes Hempstead Village taxes of $12,564) Insurance: $3,600 Water: $900
Great Investment Opportunity! This legal two-family, high-ranch style home offers a massive seven-bedroom layout in a prime location. First Floor: Features an open living/dining area, eat-in kitchen, three spacious bedrooms, and one full bathroom. This unit includes access to a full finished basement with dedicated laundry and utility space. Second Floor: Offers a large living/dining area, eat-in kitchen, four bedrooms, and one full bathroom. The Investor's Edge: Both units are Section 8 approved with reliable rental history. The property features 2 separate meters for gas, 2 separate meters for electric, (two boilers/two hot water heaters), significantly lowering landlord overhead. Additional highlights include hardwood floors throughout and a four-car driveway plus ample street parking. Income Details: Unit 1: $2,550/month, Voucher renewal 5/1/2026 with 5% increase to $2,677.50. Unit 2: $2,739/month, Voucher renewal 2/1/2026. Note: HOME WILL BE DELIVERED WITH EXISTING TENANTS AND LEASES TO TRANSFER TO NEW BUYER.
Legal 2 family home on a 4000 sqft lot. 1st and 2nd floor each features 2 bedrooms, eat in Kitchen, living room, full bathroom. Basement is full separate entrance, finished with large family room, bathroom, utility room, 2 gas meters, 3 electric meters, the tenants pay their own heat, hot water, electric and gas. Near buses N 15, N 40, N41. Ten minutes walk to LIRR. Property would be delivery vacant.
Recently renovated, this legal four-family home is situated in the heart of Hempstead. This property presents a strong investment opportunity with income generation and growth potential. Its modern renovations and strategic location attract tenants, ensuring steady rental income. Offering a variety of apartment sizes. The property features newly updated kitchens equipped with new stainless steel appliances, modernized bathrooms, new hardwood floors, and freshly painted walls. Full finished basement for endless possibilities. A large backyard fully fenced in for ample parking. Conveniently located near the Long Island Railroad (LIRR), bus services, shop, parks, schools, and a variety of amenities. This home offers both comfort and accessibility.
NO INTERIOR ACCESS- THIS PROPERTY IS SOLD AS IS - INTERIOR CONDITION IS UNKNOWN - CASH ONLY This is a SHORT SALE pending bank approval. All Information Including But Not Limited To Taxes, Lot Size, Age Of Property Are Not Guaranteed And Need To Be Independently Verified. Sold As Is, ALL CASH, Please email all offers with POF to [email protected]

Hempstead is located in New York. Hempstead, New York has a population of 791,018. Hempstead is less family-centric than the surrounding county with 35.3% of the households containing married families with children. The county average for households married with children is 35.86%.
The median household income in Hempstead, New York is $122,342. The median household income for the surrounding county is $126,576 compared to the national median of $69,021. The median age of people living in Hempstead is 40.5 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 25.2 degrees. The average rainfall is approximately 45.2 inches per year, with 22.8 inches of snow per year.