02 Russell St Ludlow — Photo 1 of 4
Recent Drop: $5,000
$94,000
Investment Analysis — 02 Russell St
Ludlow, MA 01056
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01056 carries an estimated $1,220/mo in gross rent — about a 10.87% cap rate and $10,214/yr in estimated NOI at the $94,000 list price. Adjust every assumption in the calculator below.
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Don’t miss this exceptional opportunity to build your dream home in one of the area’s most desirable neighborhoods. With frontage on both Russell and Shawinigan possibilities are endless. Terrain supports walkout basement. This buildable single-family lot offers the perfect blend of privacy and convenience, surrounded by well-maintained homes and close to local schools, shopping, dining, and major routes. Add an ADU for more living Space! Whether you’re a homeowner ready to create a custom residence or a builder searching for your next project, this property provides endless potential in a sought-after location. can be bundled with lot to the right to maximize your investment.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$94,000
Was $99,000
Aug 11, 2026
MLS® 73546039
$99,000
Jul 7, 2026
MLS® 73546039
Listing Agent: Xavier Cruz
Listing Office: Signature Realty
MLS® Number: 73546039
