38 Prospect St

1,697 Sq. Ft.
$259 / Sq. Ft.
1,697
Sq. Ft.
$259
per Sq. Ft.

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...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
  1. Listed by Jaquaine Coe • The LGCY Group LLC

Property Details for 38 Prospect Street

Town
Ludlow
Area
MA-Ludlow
Garage Spaces
2
Open Parking Spaces
4.00
Parking Spaces Total
6

Open Houses

Saturday, Apr 18th9:45 AM - 10:45 AM
LISTING UPDATED: 04/14/2026 08:55 AM

Property Details for 38 Prospect Street

StatusNew
MLS #73500987
Days on MarketListed Today
Taxes$4,620 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1919
CountyHampden County

Location

Listing Courtesy of The LGCY Group LLC, Jaquaine Coe
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Building Information for 38 Prospect Street

Stories2Residences2Year Built1919Building Size-Lot Size0.11 AC / 5,009 SF

Payment Calculator

$2,595 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,210

Property Taxes

$385

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 38 Prospect Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Living Area: 1697.0
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: East Street
  • High School: Ludlow Senior
  • Middle School: Paul R Baird
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Hardwood
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Exterior Features: Deck
  • Patio And Porch Features: Deck
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Circuit Breakers
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: M:15A B:11950 P:327,2555640
  • Assessments: $266,300
  • Book: 20785
  • Tax Year: 2025
  • Zoning: RES B
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 2
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Levels: 2
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • GOI: $30,000.00
  • NOI: $30,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $2,500.00

Property History for 38 Prospect Street

DateEvent & SourcePriceAppreciation
Apr 14, 2026

Listed (Active)

MLS PIN #73500987

$438,943—
Jul 14, 2015

Sold

MLS PIN #71805725

$195,000—
Jun 9, 2015

Under Agreement

MLS PIN #71805725

—
Jun 9, 2015

Contingent

MLS PIN #71805725

—
Mar 23, 2015

Listed (Active)

MLS PIN #71805725

$214,900—
DateEvent & SourcePrice
04/14/2026

Listed (Active)

MLS PIN #73500987

$438,943
07/14/2015

Sold

MLS PIN #71805725

$195,000
06/09/2015

Under Agreement

MLS PIN #71805725

—
06/09/2015

Contingent

MLS PIN #71805725

—
03/23/2015

Listed (Active)

MLS PIN #71805725

$214,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 38 Prospect Street

Taxable ValueLand$70,600Additions$195,700Total$266,300
Tax Record2025$4,620 ($385 / month)
Home Facts
Baths2Total Finished SqFt1,697 SqFtAbove Grade Finished SqFt1,697 SqFtStories2Lot Size5,009 SqFtStyleDuplexYear Built1919Year Renovated1974ZoningRES BCountyHAMPDENAPNLUDL M:15A B:11950 P:327

Schools near 38 Prospect Street

This home is within Ludlow School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 6 to 8
Public - 9 to 12
Public - 2 to 5
Rating
School
Distance
East Street Elementary School
PublicPK to 1

Paul R Baird Middle School
Public6 to 8

Ludlow Senior High School
Public9 to 12

Harris Brook Elementary School
Public2 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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38 Prospect Street is a multi-family home for sale in Ludlow, MA 01056. This listing's school district is Ludlow School District. Nearby schools include East Street Elementary School, Paul R Baird Middle School and Ludlow Senior High School. 38 Prospect Street is a 4-bed, 2-bath, 1,697 sqft multi-family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The LGCY Group LLC, Jaquaine Coe

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.