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You are here:
Home Massachusetts Ludlow Multi-Family Homes for Sale

287 East Street Ludlow, MA 01056

$2,000,000
11 Unit
14 Beds
11 Baths
10107 SQFT
0.37 Acre
287 East Street
Ludlow, MA 01056

Property Description

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 Overview

Building Information

  • Total Units: 11
  • Total Floors: 4
  • Total Bedrooms: 14
  • Total Full Baths: 8
  • Total Half Baths: 3
  • Amenities: Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Gross Operating Income: 58800
  • Net Operating Income: 58800

Utilities

  • Electric Info: Circuit Breakers, Individually Metered, Underground, Varies per Unit
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: Varies per Unit
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Other (See Remarks)
  • Flooring Type: Hardwood, Laminate, Tile, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73456912
  • Last Updated: 11/24/25

Date Event Price Price/Sq Ft Source
11/24/2025Active$2,000,000$198MLSPIN
11/20/2025New$2,000,000$198MLSPIN

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Map & Resources

East Street School

School

0.06mi

St. John The Baptist School

Private School, Grades: PK-8

0.07mi

Mullins School

School

0.37mi

Ludlow ECC

Public School, Grades: PK

0.39mi

Cole School

School

0.41mi

East Street Elementary School

Public Elementary School, Grades: PK-1

0.43mi

Immaculate Conception School

School

0.68mi

Ludlow Senior High School

Public Secondary School, Grades: 9-12

1mi

Brickhouse Tavern

Bar

0.65mi

M.A. Cafe

Cafe

0.16mi

D'Angelo

Fast Food

1.28mi

McDonald's

Burger (Fast Food)

1.28mi

Route 20 Bar & Grille

Restaurant

1mi

Papa Gino's

Pizzeria

1.29mi

Encompass Health Rehabilitation Hospital of Western Massachusetts

Hospital. Speciality: Psychiatry

0.23mi

Ludlow Fire Department

Fire Station

1.14mi

Springfield Fire Department

Fire Station

1.66mi

Ludlow Police Dept

Local Police

1.13mi

Titanic Museum

Museum

1.3mi

Eastfield 16

Cinema

1.38mi

Lusitano Stadium

Stadium

0.23mi

Strength By Sami

Fitness Centre

0.02mi

Whitney St. Park

Municipal Park

0.25mi

Memorial Park

Municipal Park

0.29mi

Library-Park

Municipal Park

0.39mi

Hubbard Park

Municipal Park

0.89mi

Hallahan Acq.

Municipal Park

0.74mi

Hardwood Hill

Municipal Park

0.87mi

Lane Property

Municipal Park

1.29mi

John J Thompson Memorial Pool

Recreation Ground

0.38mi

Ludlow Country Club

Golf Course

0.56mi

Mystery Ink

Tattoo

0.65mi

Indian Orchard Barber Shop

Hairdresser

0.71mi

Hubbard Memorial Library

Library

0.49mi

Cumberland Farms

Gas Station

0.05mi

Sunoco

Gas Station

0.71mi

Big Y Express

Gas Station

0.72mi

Ludlow Service Plaza Westbound

Gas Station

1.18mi

Ludlow Service Plaza Eastbound

Gas Station

1.18mi

Big Y Ludlow

Supermarket

0.76mi

Big Y Wilbraham

Supermarket

0.77mi

Save A lot shopping market

Supermarket

0.81mi

Stop & Shop

Supermarket

1.22mi

Eastfield Mall

Mall

1.24mi

CVS Pharmacy

Pharmacy

0.67mi

Seller's Representative: Kelley & Katzer Team, Kelley & Katzer Real Estate, LLC
MLS ID#: 73456912

© 2026 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-11-24 03:05:00