
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First13 x 17
Flooring - Hardwood, French Doors, Exterior Access
Kitchen
Lvl First10 x 17
Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Stainless Steel Appliances
Master Bedroom
Lvl First10 x 14
Closet, Flooring - Hardwood, French Doors
Bedroom 2
Lvl First101 x 11
Bedroom 3
Lvl Second14 x 31
Flooring - Laminate
Bathroom 1
Lvl Main,First6 x 8
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Beadboard, Pedestal Sink
Listing Agent: Christopher M. Lavoie
Listing Office: C. Lavoie Real Estate
MLS® Number: 73514298
