29 Elm Avenue, Hempstead, NY 11550

$949,000 · 4 bed · 5 bath · 1,768 sq ft · built 1908 · MLS# 1052710 · Active

Welcome to 29 Elm Avenue, Hempstead—a rare opportunity to own a fully legal two-family Colonial offering exceptional flexibility, income-producing potential, and tons of possibilities. Featuring 4 bedrooms and 5 baths, this beautifully updated home showcases modern finishes throughout, detailed moldings, refinished hardwood floors and vaulted ceilings. Major improvements include brand-new siding, a high-efficiency Navien gas heating system, upgraded 200-amp electrical service, and numerous interior updates. Each unit features its own separate entrance, with an additional side entrance serving the main unit. Separate gas and electric meters add convenience and functionality…

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 $15,200 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