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    287 East St Ludlow, MA 01056

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    For Sale
    $2,000,000

    11-unit mixed-use property with strong rental history and upside.

    Lot size:
    0.37 Acres

    Property Features for 287 East St

    General Information

    Lot size
    0.37 Acres

    Building Details

    Year built
    1900

    Source: Kelley & Katzer Real Estate, LLC Agent Christine Katzer

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

    Overview

    Mixed-Use Investment Property For Sale

    This exceptional 11-unit mixed-use investment property features a 3-storefront mixed-use building with 5 residential apartments above, a renovated Two-Family, and an updated Single-Family home, all on one lot with plenty of parking and a great location. The mixed-use building has a newer roof (2021), updated facade and mechanicals, full basements, 3 storefront units, and 5 residential apartments with long-term tenants. The Two-Family includes updated kitchens and baths, enclosed porches, separate utilities, a newer roof (approximately 4 years old), newer hot water tanks, and American Standard FHA gas units (2020/2021). The Single-Family features vinyl siding, an updated roof, FHA gas heat (2018/2019), a Rheem HW tank (2021), and an updated kitchen and bath. The property has a strong rental history with several recent upgrades across the units. The current NOI is approximately $95,000+/year with a stabilized potential around $119,000+/year per owner. This is a fantastic opportunity to own a turn-key, mixed-use cash-flow asset with proven performance and room to grow.
    Insight Report Location Intelligence

    Current Use by Public Records

    Antrim Cosmetic Tattooing Permanent Make-Up Clinic Tricia Herring Permanent Make-Up Clinic ALEXANDRIA MARY YOLANDA Tattoo Artist

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ludlow
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.474898
    Latitude
    42.1592554

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    FAQs

    What type of property is this?
    Mixed-use property - 11-unit mixed-use property with strong rental history and upside.
    Where is this mixed-use property located?
    The property is located at 287 East St Ludlow, MA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - High Income Potential: Current NOI approx. $95K+/yr with stabilized potential around $119K+/yr.; - Mixed-Use Investment: Features a 3-storefront building with 5 apartments, a Two-Family, and a Single-Family home.; - Turn-Key Property: Strong rental history and several recent upgrades across the units.
    (413) 530-8828
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    287 East St Ludlow, MA 01056
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    Ludlow, MA 01056
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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
    287 East St Ludlow, MA 01056
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