167 Center St Ludlow — Photo 1 of 41
Recent Drop: $19,999
$480,000
Investment Analysis — 167 Center St
Ludlow, MA 01056
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 5-bedroom in 01056 carries an estimated $2,300/mo in gross rent — about a 3.34% cap rate and $16,013/yr in estimated NOI at the $480,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
2,106
Style
Single Family
Built
1927
Rare opportunity to own a beautifully maintained two-family home in a desirable Ludlow location! Lovingly cared for and currently enjoyed as a spacious single-family residence, this versatile property offers incredible flexibility for homeowners and investors alike. Rich, original hardwood flooring runs throughout, showcasing the home’s timeless character and exceptional upkeep. The second-floor plumbing is already stubbed out, making it easy to add a kitchen and restore the property to a fully functioning two-family with minimal effort. Whether you’re looking for a multi-generational living arrangement, an owner-occupied investment, or a traditional single-family home with future income potential, the possibilities are endless. Conveniently located close to local amenities, shopping, dining, and major routes, this is a unique property that combines charm, flexibility, and long-term value. Don’t miss your chance to make it yours!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,106 sq ft principal dwelling). Lot size: 27,007 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
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Property History
$480,000
Was $499,999
Jul 30, 2026
MLS® 73548884
$499,999
Jul 13, 2026
MLS® 73548884
$480,000
Jul 13, 2026
MLS® 73548871
Listing Agent: Kade Phillips
Listing Office: RE/MAX Legacy
MLS® Number: 73548884
