1
Map
$599,000
●
House -
For Sale
147 Evans Avenue
Hempstead, NY 11003
2 Beds
1 Bath
704 Ft²
$3,559
Est. Monthly
About This Property
Attention builders, investors, and end-users-this property sits on
a desirable corner lot in a rapidly growing area of Elmont,
offering exceptional potential for redevelopment or customization.
Featuring a 2-bedroom, 1-bath bungalow with approximately 704 sq ft
of living space on a 4,264 sq ft lot (41x104), this home is ideal
for those looking to renovate, expand, or build new.
The existing structure includes a full finished basement, hardwood flooring, and a functional layout, but requires TLC-making it a perfect project for value-add investors. Located in the Hempstead Township within Nassau County, the property benefits from public utilities (sewer, water, natural gas) and convenient access to major roadways, shopping, schools, and transportation.
Whether you're looking to build your dream home or capitalize on a development opportunity, this property offers strong upside potential in a high-demand location. Don't miss your chance-this one won't last!
The existing structure includes a full finished basement, hardwood flooring, and a functional layout, but requires TLC-making it a perfect project for value-add investors. Located in the Hempstead Township within Nassau County, the property benefits from public utilities (sewer, water, natural gas) and convenient access to major roadways, shopping, schools, and transportation.
Whether you're looking to build your dream home or capitalize on a development opportunity, this property offers strong upside potential in a high-demand location. Don't miss your chance-this one won't last!
Unit Size
704 Ft²
Days on Market
223 days
Land Size
0.12 acres
Price per sqft
$851
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1920
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 8 months ago (OneKey MLS #KEY974740)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 21, 2026 | Listed by Best American Homes Inc | $599,000 | |
| Listed by Best American Homes Inc | |||
| Feb 9, 2026 | Sold | ||
| Sold | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Jul 28, 2025 | Listed by Ciampa Realty Group LLC | $449,999 | |
| Listed by Ciampa Realty Group LLC | |||
   | |||
|
Attention builders and investors! This is a fantastic opportunity to acquire a prime corner lot. The property is priced to sell and offers immense potential for development. While it requires some tender loving care (TLC), its location and features make it a valuable asset that won't last long on the market. Don't miss your chance to capitalize on this exceptional investment!
| |||
| Apr 24, 2008 | Sold | ||
| Sold | |||
Property Highlights
Garage
Parking Details
Parking Features: Attached
Interior Details
Full Bathrooms: 1
Interior Features: Eat-in Kitchen, First Floor Bedroom, First Floor Full Bath
Appliances: Dryer, Gas Range, Refrigerator, Washer
Rooms: 4
Basement: Finished, Full
Exterior Details
Square Footage: 704
Square Footage Source: $0
Architectural Style: Bungalow
Year Built: 1920
Building Area Total: 704
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Area: 5304
Lot Size Units: Square Feet
Lot Size Acres: 0.1218
Lot Size Square Feet: 5304
Water Source: Public
Financial Details
Tax Assessed Value: $328
Tax Annual Amount: $7,407
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Hot Water, Natural Gas
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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Last Updated: 8 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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