22 Virginia Avenue, Hempstead, NY 11550

$1,299,999 · 4,320 sq ft · built 1950 · MLS# 1037483 · Active

Rare opportunity to own a fully occupied quadruplex featuring 8 bedrooms and 4 baths, with potential annual rental income of $106,800. No rent control and no rent freeze. Conveniently located near the Southern State Parkway, Mercy Hospital, schools, shopping, dining, and public transportation. A strong opportunity for investors seeking a well-located income-producing property.

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 $17,465 a year, this home's property tax is in line with the roughly $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