# 171 S Franklin Street, Hempstead, NY 11550

> **TL;DR:** residential multi family, $925,000, built 1926. Est. $4,008/mo. Listed 263 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $925,000 |
| Year Built | 1926 |
| Lot Size | 2,927 sqft (0.07 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 263 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,008 |
| **Total** | **$4,008** |

## Property Highlights

- Built in 1926
- 0.07 acre lot

## Description

### Agent Description
This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above-a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, it's in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom, and $2,700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975,000, this property delivers a 7.5% cap rate with upside. Priced to sell-don't miss out!

## Location

- **Address:** 171 S Franklin Street, Hempstead, NY 11550
- **County:** Nassau County

## Listing Agent

- **Name:** Aziz S. Qaud
- **Brokerage:** Keller Williams Realty Greater
- **Phone:** 5162231000
- **Email:** azizquad@aol.com

## Primary Photo

![171 S Franklin Street - Primary Photo](http://lh.rdcpix.com/6c81badb350940a5580d23af780b5e18l-f1027559271r.jpg)

*33 total photos available on [listing page](https://www.propertysimple.com/listing/171-s-franklin-street-hempstead-ny-11550-y911557)*

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**MLS#:** 911557 | **Updated:** 2026-06-19
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/171-s-franklin-street-hempstead-ny-11550-y911557)

---

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