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    24 Ludlow St Worcester, MA 01603

    For Sale
    $740,000

    Fully upgraded three-family property in Worcester near Auburn and Leicester.

    Lot size:
    0.13 Acres

    Property Features for 24 Ludlow St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1890

    Source: Media Realty Group Inc Agent Robert Everett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Upgraded Three-Family in Worcester

    This fully upgraded three-family property is located on Ludlow Street in Worcester, near the Auburn and Leicester line. Each unit features bright, spacious layouts with hardwood, tile, and LVP flooring. The kitchens have been updated and include appliances. The first floor has a dishwasher and electric stove, while the second and third floors have gas stoves. Refrigerators are included. The property has been thoughtfully maintained and upgraded, including a roof replacement in 2018 and three separate water heaters installed in 2018. The electrical system has been upgraded with separate boxes for common areas. A de-leading certificate was obtained in the early 2000s. The property includes a detached garage and paved off-street parking. The property generates a gross income of approximately $55,200 per year with gross expenses of approximately $8,000 per year. This property offers solid income potential with an easy-to-manage turnkey setup.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8559709
    Latitude
    42.2365871

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    FAQs

    What type of property is this?
    Apartment building - Fully upgraded three-family property in Worcester near Auburn and Leicester.
    Where is this apartment building located?
    The property is located at 24 Ludlow St Worcester, MA.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: - Strong cash flow potential with Gross Income ~$55,200/year and Gross Expenses ~$8,000/year.; - Turnkey, fully upgraded 3-family property, ideal for investors.; - Prime location in Worcester near the Auburn and Leicester line.
    (978) 895-1767
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 Ludlow St Worcester, MA 01603
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