162 Princeton Street, Hempstead, NY 11550

$599,000 · 4 bed · 1 bath · 1,274 sq ft · built 1954 · MLS# 1040497 · Active

GREAT INVESTMENT OPPORTUNITY WITH EXCELLENT RENTAL POTENTIAL! Large and spacious property offering tremendous potential for investors, or buyers looking to live in the home. This property features generous living space and a layout with excellent possibilities for multiple living arrangements, making it an attractive opportunity for those looking to maximize the value of their investment. Conveniently located close to shopping, transportation, schools, restaurants, major roadways, and everyday amenities. Whether you're looking to occupy the property, create rental income, or build long-term equity, this is an opportunity worth exploring.

Single-family homes in the Hempstead Union Free School District sold for a median of $660,000 (typically $575,000–$725,000) across 114 recorded sales between Oct 14, 2025 and Sep 24, 2026, up 7.3% on the 12 months before. This home's $599,000 list price sits in the mid-market single-family tier for the Hempstead Union Free School District.

ZIP 11550 has about 3.3 months of single family inventory — seller's market. Demand is outpacing supply, so homes sell quickly with firm pricing and limited room to negotiate.

At about $7,353 a year, this home's property tax runs roughly 43% below the $13,000 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