Recently renovated, this legal four-family home is situated in the heart of Hempstead. This property presents a strong investment opportunity with income generation and growth potential. Its modern renovations and strategic location attract tenants, ensuring steady rental income. Offering a variety of apartment sizes. The property features newly updated kitchens equipped with new stainless steel appliances, modernized bathrooms, new hardwood floors, and freshly painted walls. Full finished basement for endless possibilities. A large backyard fully fenced in for ample parking. Conveniently located near the Long Island Railroad (LIRR), bus services, shop, parks, schools, and a variety of amenities. This home offers both comfort and accessibility.
Listed by Stella Tam C2EX
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DH Citadel Real Estate LLC
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347-739-3883
Last updated August 09, 2025
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Source: OneKey #899423
Listing Facts
TypeMulti-family
NeighborhoodHempstead
Bedrooms6
Bathrooms4
Days on Prevu28
Taxes$21,899.14/year
Location
Mortgage Calculator
Listing History
08/08/2025
Listed by DH Citadel Real Estate LLC
$1,399,000
Property Details for 136 Fairview Boulevard
Exterior
Construction
Number Of Units Total: 5
Property Condition: Updated/Remodeled
Year Built: 1926
Architectural Style: Colonial
Construction Materials: Frame
Exterior Features: Mailbox
Features
Fencing: Back Yard, Fenced, Front Yard
Measurements
Building Area Total: 2,808
Building Area Units: Square Feet
Lot Features: Back Yard, Front Yard, Level, Near Public Transit, Near School, Near Shops, Private
Lot Size Acres: 0.16
Lot Size Square Feet: 7,200
Financial
Residential Income
Cap Rate: 8.0
Gross Income: $120,600.00
Operating Expense: $32,000.00
Taxes
Parcel Number: 2013-44-031-00-0113-0
Tax Annual Amount: $21,899.14
Tax Assessed Value: $4,980.00
Tax Year: 2024
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath
Rooms
Basement: Finished, Full, Walk-Out Access
Has Basement: Yes
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 6
Other
Location
Tax Block: 31
Tax Lot: 113-115
Parking
Parking
Parking Features: Driveway, On Street, Private
Schools
Elementary School
Elementary School: Jackson Main Elementary School
Elementary School District: Hempstead
High School
High School: Hempstead High School
High School District: Hempstead
Middle or Junior School
Middle Or Junior School: Alverta B Gray Schultz Middle Sch
Middle Or Junior School District: Hempstead
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Electric
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Water Source: Public
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