38 Prospect St, Ludlow, MA 01056
Hampden County
Key Facts
Description
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
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1919
Stories
2
Living Area
1,697 sq ft
Lot Size
0.11 acres
Garage Spaces
2
Parking Spaces
6
Zoning
RES B
Days on Market
61
MLS® Listing#
73500987
Property Features
Appliances
Heating
Flooring
Basement
Parking
Patio
Foundation
Roof
Windows
Community
Sewer
Water Source
Schools
- Elementary:
- East Street
- Middle:
- Paul R Baird
- High:
- Ludlow Senior
Financial Details
Annual Taxes
$4,620
Tax year 2025
Assessed Value
$266,300
Parcel Number
M:15A B:11950 P:327,2555640
Directions
GPS
Affordability Calculator
$83,180
Estimated monthly payment
$2,214/mo
Principal $332,720 · Est. interest $464,174 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ludlow, MA
- $490,909
- Median Listing Price
- 23
- Median Days on Market
- 1,720
- Median Sq Ft
- $256
- Median Price / Sq Ft
- 48
- Active Listings
- This home’s price is 15% below the area median.
- Its price per sq ft is 4% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ludlow, MA.
Location
Points of Interest in Ludlow, MA
Showing the Ludlow area map.
Nearby Schools
St John the Baptist School
School · 0.1 mi away
Ludlow Portuguese School
School · 0.3 mi away
East Street Elementary School
Elementary · 0.4 mi away
Ludlow Public Schools
School · 0.4 mi away
Conservatory of the Arts
School · 0.8 mi away
Ludlow Senior High School
Secondary · 0.9 mi away
Baird Middle School
Elementary · 1.1 mi away
Indian Orchard Elementary School
Elementary · 1.1 mi away
Springfield Public Day High School
Secondary · 1.7 mi away
Warner
Elementary · 1.8 mi away
Wilbraham Middle School
Secondary · 2.1 mi away
Monarch School of Cosmetology
Secondary · 2.4 mi away
Sabis International Charter School
School · 2.5 mi away
Sixteen Acres Nursery School
School · 2.5 mi away
Litwin Elementary School
Elementary · 2.8 mi away
Stony Hill School
Elementary · 2.8 mi away
Mary M Lynch
Elementary · 2.9 mi away
Memorial Elementary School
Elementary · 3.1 mi away
Wma Middle School
Elementary · 3.2 mi away
Mary M. Walsh Elementary School
Elementary · 3.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 68 Fairview Street, Ludlow, MA | $299,000 | 3 | 1 | 768 |
| 212 Blisswood Village Dr 212, Ludlow, MA | $300,000 | 3 | 2 | 1,060 |
| 20 Pleasant St, Ludlow, MA | $319,900 | 3 | 1 | 1,168 |
| 28 Cedar St, Ludlow, MA | $325,000 | 3 | 2 | 1,368 |
| 56 Glenwood St, Ludlow, MA | $349,999 | 4 | 2 | 1,344 |
| 29 West St, Ludlow, MA | $359,000 | 3 | 2 | 1,494 |
Moving Cost Estimate
EXIT Agents in Ludlow
Listing Courtesy: The LGCY Group LLC - 5089896943
Presented by: Jaquaine Coe