Two-Family Duplex with Hardwood
167 Center Street Ludlow, MA 01056
167 Center Street, Ludlow, MA, 01056
$499,999
For Sale
$499,999
Well-maintained two-family duplex with original hardwood floors and second-floor plumbing stubbed for easy conversion.
Property Size2,106 SF
Price / SF$237.42
Days on Market11
Property Features for 167 Center Street
General Information
- Standard status
- Active
- Size
- 2,106 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1927
Listing agency
RE/MAX Legacy
Listed by
Kade Phillips
(413) 584-5700
Source
Murphyrealtors
Added: Jul 12 Updated: Jul 21 at 9:58PM Checked: Jul 21 at 9:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Legacy
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex features original hardwood flooring throughout and a flexible layout that can be enjoyed as a spacious single-family residence today. The second-floor plumbing is already stubbed out, which can make it straightforward to add a kitchen and restore the home to a fully functioning two-family configuration.
Located near local amenities, shopping, dining, and major routes, the property offers convenience for everyday needs. The current setup and the existing plumbing stub-out provide practical options for owner-occupants and investors considering a future return to two-family use.
From a physical standpoint, the home’s key improvements include the preserved hardwood floors and the second-floor plumbing stub-out, supporting a low-friction path to reestablishing independent living arrangements on the upper level.
Located near local amenities, shopping, dining, and major routes, the property offers convenience for everyday needs. The current setup and the existing plumbing stub-out provide practical options for owner-occupants and investors considering a future return to two-family use.
From a physical standpoint, the home’s key improvements include the preserved hardwood floors and the second-floor plumbing stub-out, supporting a low-friction path to reestablishing independent living arrangements on the upper level.
Key Highlights
- Year built: 1927 well‑maintained two‑family duplex
- Original hardwood flooring throughout
- Second‑floor plumbing is stubbed out, allowing for easier conversion to a fully functioning two‑family
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.7k | $19.80 |
| − Vacancy | −$2.3k | −$1.09 |
| EGI | $39.4k | $18.71 |
| − OpEx | −$11.8k | −$5.61 |
| NOI | $27.6k | $13.10 |
2,106 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.1K
$344.8K – $459.7K
NOI $27,584 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$365.2K
$319.5K – $426.1K
NOI $25,563 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,858 @ 7.0% cap · market cap 18.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained two-family duplex with original hardwood floors and second-floor plumbing stubbed for easy conversion.
Where is this duplex located?
The property is located at 167 Center Street Ludlow, MA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Year built: 1927 well‑maintained two‑family duplex; Original hardwood flooring throughout; Second‑floor plumbing is stubbed out, allowing for easier conversion to a fully functioning two‑family
