287 East St Ludlow, MA 01056
Estimated payment $11,436/month
Highlights
- Golf Course Community
- Medical Services
- Wood Flooring
- East Street Elementary School Rated A-
- Property is near public transit
- Community Pool
About This Home
Exceptional 11-unit mixed-use investment property featuring a 3-storefront mixed-use building w/5 residential apartments above, a renovated Two-Family, and an updated Single-Family home all on one lot w/plenty of parking & great location. The mixed-use building offers newer roof (’21), updated façade/mechanicals, full basements, 3 store front units and 5 residential apartments w/long-term tenants. The Two-Family includes updated kitchens/baths, enclosed porches, separate utilities, newer roof (APO ±4 yrs), newer hot water tanks, and American Standard FHA gas units (’20/’21). The Single-Family features vinyl siding, updated roof, FHA gas heat (’18/’19), Rheem HW tank (’21), and updated kitchen/bath. Strong rental history with several recent upgrades across the units. Income-producing with upside—current NOI approx. $95K+/yr with stabilized potential around $119K+/yr per owner. Fantastic opportunity to own a turn-key, mixed-use cash-flow asset with proven performance and room to grow!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,854
Year Built
- Built in 1900
Lot Details
- 0.37 Acre Lot
Home Design
- Brick Foundation
- Block Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 10,107 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Insulated Doors
- Living Room
Flooring
- Wood
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 14 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 12 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Enclosed Patio or Porch
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
Listing and Financial Details
- Rent includes unit 2(water other (see remarks)), unit 3(water other (see remarks))
- Assessor Parcel Number M:14B B:4900 P:42,2551678
Community Details
Overview
- 11 Units
- Near Conservation Area
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
Building Details
- Net Operating Income $58,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,854 | $625,600 | $152,000 | $473,600 |
| 2024 | $10,787 | $596,300 | $144,100 | $452,200 |
| 2023 | $10,693 | $548,100 | $131,000 | $417,100 |
| 2022 | $10,165 | $508,500 | $131,000 | $377,500 |
| 2021 | $6,674 | $316,600 | $127,200 | $189,400 |
| 2020 | $6,407 | $310,700 | $125,300 | $185,400 |
| 2019 | $5,938 | $299,600 | $121,700 | $177,900 |
| 2018 | $5,648 | $297,100 | $121,700 | $175,400 |
| 2017 | $5,503 | $297,000 | $118,200 | $178,800 |
| 2016 | $5,308 | $292,800 | $115,800 | $177,000 |
| 2015 | $5,056 | $292,400 | $114,700 | $177,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2025 11/20/25 | For Sale | $2,000,000 | -- | $198 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $550,000 | None Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73456912
APN: LUDL-140490-000000-B000042
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