Hollis Investment Properties — 2-Family Homes & Rental ROI Guide 2026

Updated 2026-04-20 | Hollis investment property specialists

Hollis' 9% YoY appreciation in 2024 and high single-family concentration make it a top pick for buyers seeking detached home ownership at below-Nassau prices.

Rental Income Potential in Hollis

$3,100/mo

1-Family Rental (est.)

$5,400/mo

2-Family Combined Rents (est.)

8.66%

Gross Yield (2-fam)

Sample ROI Calculation — Hollis 2-Family Home

Purchase Price: $748,000
Down Payment (25%): $187,000
Loan Amount (75%): $561,000
Monthly PITI (est.): ~$4,702
Combined Monthly Rent: $5,400
Monthly Cash Flow (est.): $698/mo
* Estimates only. Actual returns vary by purchase price, financing, vacancy, and maintenance.

Why Hollis Is Popular With Investors

2-family homes make up 35% of Hollis's housing stock, giving investors a large selection of income-producing properties. The rental market here is strong: proximity to major transit lines (including LIRR Hollis Station (Hempstead Branch)) keeps vacancy rates low.

Property taxes in Hollis run approximately $6,900/year (0.88% effective rate), which is among the lowest in Queens. Source: NYC Department of Finance FY2024–2025.

What to Look for in a Hollis Investment Property

Legal 2-family status: Verify with NYC DOF — only legal 2-family homes can be legally rented as two units
Separate utilities: Metered separately means lower landlord operating costs
Updated mechanicals: New boiler and roof reduce capex in years 1–5
Block quality: Corner lots and tree-lined blocks command 5–8% rent premiums
Rent stabilization status: Queens 2-family homes under 6 units are generally market-rate

Financing Investment Properties in Hollis

Investment property financing (non-owner-occupied) typically requires:

25–30% down payment
Minimum 680 credit score (720+ for best rates)
6 months reserves after closing
Debt-to-income ratio under 43–45%

Owner-occupied 2-family (you live in one unit, rent the other): FHA loans allow 3.5% down and count 75% of rental income toward qualifying income — making owner-occupied 2-family one of the best wealth-building strategies for first-time buyers in Queens.

Market Outlook for Hollis Investors

Hollis has seen +9.0% appreciation over the past year. With limited new construction and strong demand from renters and owner-occupants alike, Hollis investment properties are expected to remain competitive in 2026.

→ Talk to a Hollis Investment Property Specialist

Fair Housing Notice: Gadura Real Estate LLC is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. All real estate advertised herein is subject to the Federal Fair Housing Act. Learn more →