38 Prospect St, Ludlow MA 01056

Ludlow, MA 01056

$438,943

$415,900

Est. $2,688/month

Beds

Baths

1,697

Sq Ft

$245

Price/Sq Ft

0.11

Acres

1919

Year Built

Garage Spaces

Multi Family

Type

Days on Market

Active Price Drop -$23,043 Listed Apr 14, 2026 • MLS# 73500987 Copied! • Updated Jul 2, 2026

About this home

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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Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

Price Changes

8.9%

Price Range

Property Timeline

•

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
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 7.21%

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) 61 days

Property Overview

Property Type

Multi Family

Listing Type

For Sale

Year Built

1919

Bedrooms

Full Bathrooms

Living Area

1,697 sq ft

Total Rooms

Stories

Levels

Room Details

Other Floor

Bathroom1

Bedroom5

Bedroom4

Bedroom3

Dining Room

Kitchen

Bathroom2

Bedroom2

Living Room

Bathroom3

Master Bedroom

Office

Family Room

Master Bathroom

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 information not available for this location.

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Down Payment

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Principal & Interest $0

Property Tax $385

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

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Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

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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 Jul 2, 2026 3:06 AM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 800 - 9008 contact@bmnboston.com

Ask about this property — free, no obligation.

38 Prospect St, Ludlow MA 01056

About this home

Public Records & Permits

Recently Sold Nearby

Market Insights

Property Timeline

Back On Market

Pending Sale

Price Increased

Price Reduced

Showing Instructions Updated

Listed for Sale

Tax History

Home Facts

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Interior

Exterior

Parking

Utilities

Financial

HOA & Community

MA Disclosures

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38 Prospect St, Ludlow MA 01056

About this home

Public Records & Permits

BMN Estimate

Recently Sold Nearby

Property History

Market Insights

Property Timeline

Back On Market

Pending Sale

Price Increased

Price Reduced

Showing Instructions Updated

Listed for Sale

Detailed History Table ▼

Tax History

Financial Details

Facts & Features

Home Facts

Investment Metrics

Interior

Exterior

Parking

Utilities

Financial

HOA & Community

MA Disclosures

Additional Details

Property Overview

Room Details

Other Floor

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Nearby Schools

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