Active
129 Days on market
78 King Street Ludlow — Photo 1 of 18

78 King Street Ludlow — Photo 1 of 18

$339,000

Investment Analysis — 78 King Street

Ludlow, MA 01056

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01056 carries an estimated $2,130/mo in gross rent — about a 4.19% cap rate and $14,217/yr in estimated NOI at the $339,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,344

Style

Single Family

Built

1948

This home is move-in ready both inside and out! 1st impression feels more spacious inside than expected! The large, enclosed breezeway is a spacious added bonus, with both front and back yard access and currently functions as a mud room between the kitchen entrance and the oversized saltbox style 2 car garage. It's worth mentioning that the garage has tons of space beyond just parking 2 cars! The eat-in kitchen shows as nicely updated, boasting newer cabinets, counters, a deep double-bay undermount sink and stainless appliances that are all clean. The rest of the house is loaded with the original charm of hardwood floors and wide baseboard moldings, solid interior doors with classic glass doorknobs, French doors, a wood burning fireplace and a classic Dutch front door in the living room! Public record says 2 bedrooms. 3rd bedroom located on 2nd floor has electric heat, no AC, no closet. House sits on a double lot and receives two separate tax bills.

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: 672 sq ft (the lesser of 900 sq ft or half the 1,344 sq ft principal dwelling). Lot size: 10,018 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.

Property Details

Financials

Original Price$339,000
Annual Taxes$5,209

Parking

Garage2
Off-Street4

Interior Specifications

Total Rooms5
Fireplaces1
FlooringHardwood
BasementFull, Interior Entry, Sump Pump, Concrete

Climate & Utilities

HeatingForced Air, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningRES A

Property & Lot

Acres0.23
SqFt Lot10,018
Lot FeaturesLevel

Amenities & Appliances

Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 3
First
Living RoomKitchenMaster BedroomBedroom 2
Main,First
Bathroom 1
Living Room
Lvl First

13 x 17

Flooring - Hardwood, French Doors, Exterior Access

Kitchen
Lvl First

10 x 17

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Stainless Steel Appliances

Master Bedroom
Lvl First

10 x 14

Closet, Flooring - Hardwood, French Doors

Bedroom 2
Lvl First

101 x 11

Bedroom 3
Lvl Second

14 x 31

Flooring - Laminate

Bathroom 1
Lvl Main,First

6 x 8

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Beadboard, Pedestal Sink

Listing Provided By

Listing Agent: Christopher M. Lavoie

Listing Office: C. Lavoie Real Estate

MLS® Number: 73514298