104 Grove Street, Hempstead, NY 11550

$849,000 · 6 bed · 3 bath · 1,952 sq ft · built 1935 · MLS# 1015815 · Active

Excellent two-family property in a prime location, offering a strong investment opportunity. Each unit features 3 bedrooms, providing spacious layouts ideal for tenants. Situated on a huge lot, the property offers optimal potential for garage parking, business use, or expansion (subject to permits). Great rental income from two separate units makes this a smart addition to any portfolio. Will be SOLD with tenants. first floor occupied, second floor vacant and renovated.

Two-to-three-family homes in the Hempstead Union Free School District sold for a median of $765,000 (typically $685,000–$790,000) across 12 recorded sales between Nov 24, 2025 and Aug 13, 2026.

ZIP 11550 has about 5.1 months of multi-family inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.

At about $9,263 a year, this home's property tax runs roughly 42% below the $16,000 typical for Hempstead Union Free School District. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax