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38 Prospect St, Ludlow MA 01056

$415,900

Estimated $1,059/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $207,950

Total Rent: 30000/year

Estimated CAP Rate:

4 Bedrooms

Baths

1697

Total Parking: 8 (2 Garage)

5,009 (0.11)

Welcome to 38 Prospect St! This meticulously maintained 2 Unit Multifamily in Ludlow is an incredible opportunity for both investors and owner occupants. Updated throughout, this property offers 1,697 sqft of living space, with each unit featuring a comfortable 2 bed, 1 bath layout.Set on a generous 5,009 sqft lot, the exterior boasts plenty of off street parking, a shed, and a highly desirable detached 2 car garage. Location is everything, and this home delivers! You are just minutes away from major highways, commuter routes, and some of the areas best amenities, shopping, and dining.With long term tenants at will already in place, this property offers immediate income potential and endless possibilities. Whether you are looking to house hack or expand your portfolio, this is an absolute must see. Opportunities like this do not last long. **Showings will be held at the open house on 4/18/26

This home has been viewed 12 times

Last Checked: July 3rd, 2026 at 4:48am (Source: MLS PIN #73500987)

Gross Income: $30,000

Gross Expenses: $4,620

Net Income Calc: $25,380

Annual Expenses for 38 Prospect St, Ludlow MA 01056

Total Gross Expenses (Calculated)$4,620/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4620

Annual Income & Unit Breakdown for 38 Prospect St, Ludlow MA 01056

Total Gross Income (Calculated)$30,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 38 Prospect St, Ludlow MA 01056

Listing ID73500987

Property TypeMulti Family

Price415900 ($245.08/SqFt)

StyleMulti Family

CityLudlow

CountyHampden

Neighborhood(s)

Approximate Living Area Total1697

Approximate Lot Size (Acres)0.11

Total Parking8 (2 Garage)

Garage Parking2

Year Built1919

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRES B

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 38 Prospect St, Ludlow MA 01056

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Projector

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 38 Prospect St, Ludlow MA 01056

Real Estate Taxes4620

Tax Year2025

Assessed Value$266,300

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 38 Prospect St, Ludlow MA 01056

Elementary SchoolEast Street

Middle SchoolPaul R Baird

High SchoolLudlow Senior

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 38 Prospect St, Ludlow MA 01056

Agent

Name: Jaquaine Coe

Office

Name: The LGCY Group LLC

Phone: 508-989-6943

Payment Calculator

, Interest

Property Taxes 385

Principal & Interest 2562.64

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

The LGCY Group LLC

Jaquaine Coe

Agent Phone

Office Phone

(508) 989-6943

Text Agent Call Agent Call Office

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    [unparsed] => 38 Prospect St, Ludlow MA 01056
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EXIT

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