Great Investment Opportunity! This legal two-family, high-ranch style home offers a massive seven-bedroom layout in a prime location. First Floor: Features an open living/dining area, eat-in kitchen, three spacious bedrooms, and one full bathroom. This unit includes access to a full finished basement with dedicated laundry and utility space. Second Floor: Offers a large living/dining area, eat-in kitchen, four bedrooms, and one full bathroom. The Investor's Edge: Both units are Section 8 approved with reliable rental history. The property features 2 separate meters for gas, 2 separate meters for electric, (two boilers/two hot water heaters), significantly lowering landlord overhead. Additional highlights include hardwood floors throughout and a four-car driveway plus ample street parking. Income Details: Unit 1: $2,550/month, Voucher renewal 5/1/2026 with 5% increase to $2,677.50. Unit 2: $2,739/month, Voucher renewal 2/1/2026. Note: HOME WILL BE DELIVERED WITH EXISTING TENANTS AND LEASES TO TRANSFER TO NEW BUYER.
Listed by John C. Gandolfo
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Coldwell Banker American Homes
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516-223-2525
Listed by Barbara L. Gandolfo
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Coldwell Banker American Homes
Last updated March 16, 2026
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Source: OneKey #951139
Listing Facts
TypeMulti-family
NeighborhoodHempstead
Bedrooms7
Bathrooms2
Days on Prevu107
Taxes$17,747.42/year
Amenities
Parking
Location
Mortgage Calculator
Listing History
03/05/2026
Price Decreased
$695,000
01/13/2026
Listed by Coldwell Banker American Homes
$749,000
Property Details for 3840 Linden Place
Exterior
Construction
Number Of Units Total: 2
Property Condition: Actual
Year Built: 1962
Architectural Style: Hi Ranch, Other
Construction Materials: Frame
Measurements
Building Area Total: 2,000
Building Area Units: Square Feet
Lot Size Acres: 0.11
Lot Size Dimensions: 50,100
Lot Size Square Feet: 5,000
Financial
Residential Income
Gross Income: $60,000.00
Taxes
Parcel Number: 2013-34-384-00-0215-0
Tax Annual Amount: $17,747.42
Tax Assessed Value: $301.00
Tax Year: 2024
Interior
Features
Flooring: Carpet, Hardwood
Interior Features: First Floor Bedroom, First Floor Full Bath
Rooms
Basement: Finished, Full
Has Basement: Yes
Bathrooms Full: 2
Bathrooms Total Integer: 2
Bedrooms Total: 7
Parking
Parking
Parking Features: Driveway
Parking Total: 3
Schools
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
Heating: Hot Water, Natural Gas
Laundry Features: In Basement
Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 7 bedrooms and 2 bathrooms in this multi-family home at 3840 Linden Place.
What schools are nearby to 3840 Linden Place?
Nearby schools include the Alverta B Gray Schultz Middle Sch and Hempstead High School.
Does this multi-family home have parking?
Yes, there are 3 parking spaces available for 3840 Linden Place.
What are the annual taxes for 3840 Linden Place?
Annual taxes for this multi-family home are estimated at $17,747.
How does 3840 Linden Place compare to other multi-family homes in Hempstead?
This multi-family home is listed 6% below the average price for multi-family homes in Hempstead and has been on the market for 1 more day than the typical home in this area.
3840 Linden Place is a 7-bedroom, 2-bath multi-family home for sale in Hempstead NY 11550. Available on Prevu for 107 days at $695,000. This includes a recent price decrease of $54,000. This residence is located in Hempstead. The median listing price for multi-family homes in this area is $650,000. Nearby schools include Alverta B Gray Schultz Middle Sch and Hempstead High School. Property amenities include parking. View other multi-family home listings in New York.
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