Pending

Price cut: $30.9K (8/2)

$385,000

38 Prospect St, Ludlow, MA 01056

4beds

1,697sqft

$2,683/mo

Get pre-qualified

Multi Family

Built in 1919

-- sqft lot

$378,600 Zestimate^®

$227/sqft

$-- HOA

What's special

Updated throughout

**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

109 days

523

28

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Features

Flooring: Hardwood
Windows: Insulated Windows
Basement: Full
Has fireplace: No

Interior area

Total structure area: 1,697
Total interior livable area: 1,697 sqft
Finished area above ground: 1,697

Property

Parking

Total spaces: 6
Parking features: Paved Drive, Off Street
Garage spaces: 2
Uncovered spaces: 4

Features

Patio & porch: Deck

Lot

Size: 5,009 Square Feet

Details

Parcel number: M:15A B:11950 P:327,2555640
Zoning: RES B

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Foundation: Concrete Perimeter
Roof: Shingle

Condition

Year built: 1919

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Electric Range

Community & HOA

Community

Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University

Location

Region: Ludlow

Financial & listing details

Price per square foot: $227/sqft
Tax assessed value: $266,300
Annual tax amount: $4,620
Date on market: 5/2/2026
Exclusions: Sellers Personal Items
Total actual rent: 2500

Estimated market value

$378,600

$360,000 - $398,000

$1,751/mo

Price history

Date	Event	Price
8/5/2026	Pending sale	$385,000$227/sqft
Source: MLS PIN #73500987 Report a problem
8/2/2026	Price change	$385,000-7.4%$227/sqft
Source: MLS PIN #73500987 Report a problem
6/28/2026	Listed for sale	$415,900$245/sqft
Source: MLS PIN #73500987 Report a problem
6/11/2026	Pending sale	$415,900$245/sqft
Source: MLS PIN #73500987 Report a problem
5/28/2026	Price change	$415,900+4%$245/sqft
Source: MLS PIN #73500987 Report a problem
5/13/2026	Price change	$399,943-8.9%$236/sqft
Source: MLS PIN #73500987 Report a problem
4/14/2026	Listed for sale	$438,943+125.1%$259/sqft
Source: MLS PIN #73500987 Report a problem
7/14/2015	Sold	$195,000-9.3%$115/sqft
Source: Public Record Report a problem
3/24/2015	Listed for sale	$214,900$127/sqft
Source: Ideal Real Estate Services, Inc. #71805725 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,620 +4.8%	$266,300 +9.3%
2024	$4,409 +1.4%	$243,700 +9.3%
2023	$4,349 +1.5%	$222,900 +4%
2022	$4,284 +3.6%	$214,300 +9.2%
2021	$4,136 +4.5%	$196,200 +2.2%
2020	$3,959 +6.7%	$192,000 +2.5%
2019	$3,712 +4.3%	$187,300 +0.1%
2018	$3,559 +5%	$187,200 +2.4%
2017	$3,389 +11.8%	$182,900 +9.4%
2016	$3,031	$167,200