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South Hempstead 11550 South Hempstead
347 Beech Street
$700,000
● House - Off Market

347 Beech Street

Hempstead, NY 11550
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,383 Ft²
$4,226
Est. Monthly
6.40%
Cap Rate

About This Property

Great opportunity in south hempstead With Rockville Centre schools and low taxes! This well kept cape has 4 bedrooms (2 on first level and 2 on top level). It has a full bath on the first level and a bonus bathroom on the top level. The basement is full size with high ceilings and could be finished into great extra space if needed. There is a very long driveway leading to a 1 car garage, and a really nice size backyard! This home has a ton of potential and won't last long!
Unit Size
1,383 Ft²
Days on Market
63 days
Land Size
0.17 acres
Price per sqft
$469
Property Type
House
Property Taxes
$1,038
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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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: 6 months ago (OneKey MLS #KEY816394)

Price History

Date / Event Date Event Price
Mar 27, 2025 Sold
Premium
Sold
Feb 12, 2025 In contract -
In contract
Jan 29, 2025 In contract -
In contract
Jan 23, 2025 Listed by Signature Premier Properties $649,000
Listed by Signature Premier Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,383
  • Building Area: 1,383
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,383
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 021

Neighborhood

  • School District Name: Rockville Centre Union Free School District
  • School Tax School District: 021
  • Census Tract: 412800

Geography

  • District: 282089
  • Section: 36
  • Parcel: 36-278-00-0086
  • Block: 278
  • Lot: 86
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6855
  • Longitude: -73.6236

    Address

  • Full Address: 347 Beech St
  • Address - House Number: 347
  • Address - Street Name: Beech
  • Address - Suffix Type: St
  • State: NY
  • City Name: South Hempstead
  • Carrier Code: C027
  • 4-Digit Zip Code: 7701
  • Zip Code: 11550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,050,205
  • Tax Rate Code Area: 420

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 600,576
  • High Value: 697,492
  • Low Value: 503,660

    Market Valuation

  • Market Total Value: $440,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $440
  • Assessed Land Value: $189
  • Assessed Improvements Value: $251

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Hempstead

Stats & Trends

Median Asking:

$689,999

Sale Price/ft²

$500

Below Asking

0.02%

Average Days on Market

73

Average Home Size

1542 ft²

Average Home Age

88 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 111 Hempstead Turnpike, West Hempstead, NY, 11552

$4,719 /mo

  • 2 Beds
  • 2 Baths
  • 1,035 ft²
111 Hempstead Turnpike #1262, West Hempstead, NY, 11552 Listing by Danielle Zangre ABR PSA SFR
Unit for rent at 258 Brown Ave, Hempstead, NY, 11550

$5,000 /mo

  • 5 Beds
  • 3 Baths
  • 2,200 ft²
258 Brown Ave, Hempstead, NY, 11550 Listing by Jose Joseph

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 347 Beech Street built and last sold?
The property at 347 Beech Street was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 347 Beech Street is $0.
What are some comparable homes to 347 Beech Street?
There are currently no comparable homes to 347 Beech Street.
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