38 Prospect St, Ludlow MA 01056
Ludlow, MA 01056
$438,943
$385,000
Est. $2,532/month
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About this home
**One Unit to be delivered vacant** 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
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Recently Sold Nearby
Property History
Market Insights
3
Price Changes
12.3%
Price Range
Property Timeline
Pending Sale
Aug 5, 2026
Offer accepted, sale pending
Price Reduced
Aug 2, 2026
$385,000
$30,900
(-7.43%)
From $415,900 to $385,000 (-7.4%)
Back On Market
Jun 28, 2026
Active
Pending Sale
Jun 10, 2026
Offer accepted, sale pending
Price Increased
May 28, 2026
$415,900
+$15,957
(+3.99%)
From $399,943 to $415,900 (+4.0%)
Price Reduced
May 13, 2026
$399,943
$39,000
(-8.88%)
From $438,943 to $399,943 (-8.9%)
Showing Instructions Updated
Apr 28, 2026
New showing requirements
Listed for Sale
Apr 14, 2026
$438,943
Original listing
Agent: Jaquaine Coe
Office: The LGCY Group LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/05/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 08/02/2026 | ↓ Price Reduced | $385,000 | $30,900 | - | From $415,900 to $385,000 (-7.4%) |
| 06/28/2026 | • Back On Market | - | - | - | Active |
| 06/10/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 05/28/2026 | ↑ Price Increased | $415,900 | +$15,957 | - | From $399,943 to $415,900 (+4.0%) |
| 05/13/2026 | ↓ Price Reduced | $399,943 | $39,000 | - | From $438,943 to $399,943 (-8.9%) |
| 04/28/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 04/14/2026 | 🏠 Listed for Sale | $438,943 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $4,620 | $266,300 |
Financial Details
Annual Property Tax
$4,620
Tax Year 2025
Assessed Value
$266,300
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1919
Living Area
1,697 sq ft
Lot Size
0.11 acres
Bedrooms
4
Full Baths
2
Total Rooms
8
Investment Metrics
Units
2
Unit 1 Rent
$1,300/mo · N
Unit 2 Rent
$1,200/mo · N
Total Monthly Rent
$2,500/mo
Gross Income
$30,000
Net Operating Income
$30,000
Cap Rate
7.79%
Interior
Heating
None
Cooling
None
Flooring
Hardwood
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive, Off Street
Total Spaces
6
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range
Financial
Annual Tax
$4,620
Assessed Value
$266,300
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Exclusions
Sellers Personal Items
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Hampden
Total market time (incl. prior listings)
95 days
Property Overview
Property Type
Multi Family
Listing Type
Sale Pending
Year Built
1919
Bedrooms
4
Full Bathrooms
2
Living Area
1,697 sq ft
Total Rooms
8
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,697 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood
Appliances:
Interior Features:
Windows:
Insulated Windows
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1919
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Concrete Perimeter
Stories:
2
Heating, Cooling & Utilities
Heating:
Heating Zones:
2
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street
Nearby Schools
School District
Ludlow School District local
C
School Safety
2024-25
3.9%
Above Average
3.9%
Suspensions
0.3%
In-School
1.6% below state avg
Elementary Schools
3 schools
St. John The Baptist School
0.1 mi
Grades PK-08
East Street Elementary School
0.4 mi
368 students
Moderate
Grades PK-01
C-
Indian Orchard Elementary School
1.1 mi
|
#681 of 824
|
Score: 36.7
Improved 121 spots from last year
-21.5 below state avg
580 students
Diverse
Rising School
Grades PK-05
Middle Schools
3 schools
F
John F Kennedy Middle School
2.0 mi
|
#339 of 352
|
Score: 26.5
Dropped 2 spots from last year
-31.7 below state avg
366 students
Moderate
Grades 06-08
B+
Wilbraham Middle School
2.1 mi
|
#111 of 352
|
Score: 48.1
Improved 68 spots from last year
-10.1 below state avg
613 students
Moderate
Rising School
Strong Attendance
Grades 06-08
C
John J. Duggan Middle School
4.2 mi
|
#266 of 346
|
Score: 44.7
Improved 20 spots from last year
-13.5 below state avg
823 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
High Schools
3 schools
B-
Ludlow Senior High School
1.1 mi
|
#190 of 346
|
Score: 52.1
Dropped 40 spots from last year
-6.1 below state avg
736 students
Moderate
18 sports
• 1,236 athletes
Career Tech Programs
Strong Athletics
Grades 09-12
F
Springfield Public Day High School
1.7 mi
|
#334 of 346
|
Score: 23.6
Dropped 83 spots from last year
-34.6 below state avg
65 students
Moderate
College Ready Curriculum
Grades 09-12
Sunshine Village
2.5 mi
Grades 11-12
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$385
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
38 Prospect St, Ludlow MA 01056
Ludlow, MA 01056
Listing Information
Listing Agent
Jaquaine Coe
Listing Office
The LGCY Group LLC
Office Phone
508-989-6943
Agent MLS ID
NB115348
Office MLS ID
AN6777
Listing Data Updated
Aug 5, 2026 4:14 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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