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
| Units | 2 |
| Living area | 1,697 sqft |
| Lot size | 5,009 sqft |
| Year built | 1919 |
| Price / sqft | $245 |
| County | Hampden |
| MLS # | 73500987 |
| Days on market | 48 days |
| Listed on | April 14, 2026 |
| Annual property tax | $4,620 |
| Tax year | 2025 |
| Assessed value | $266,300 |
| Zoning | RES B |
| Gross income (actual) | $30,000/yr |
| Net operating income (actual) | $30,000/yr |
| Total actual rent | $2,500/mo |
| Stories | 2 |
| Total rooms | 8 |
| Lot size | 0.11 acres |
| Garage spaces | 2 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street |
| Basement | Full |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Flooring | Hardwood |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range |
Listing courtesy of The LGCY Group LLC — Jaquaine Coe. Listing data © MLS PIN.
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It is a 2-unit multi-family property with 1,697 sqft of living area, built in 1919.
38 Prospect St, Ludlow MA 01056 has been listed for 48 days (since April 14, 2026).
Annual property taxes are $4,620 (2025), on an assessed value of $266,300.
At $415,900 for 1,697 sqft, that's about $245 per square foot.
2 garage spaces and 6 total parking spaces (paved drive, off street).
38 Prospect St, Ludlow MA 01056 is in Ludlow, Hampden County, MA 01056.