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Brand-New Duplex with Private Basements

184 Howard Street Ludlow, MA 01056

184 Howard Street, Ludlow, MA, 01056
$544,900
For Sale
$544,900

Newly built duplex with two-bedroom units, private basements, and off-street parking; each unit has separate utilities.

Property Size2,050 SF
Price / SF$265.80
Days on Market234

Property Features for 184 Howard Street

General Information

Standard status
Active
Size
2,050 SF
Property subtype
Multi-family / Duplex

Building Details

Year Built
2025
Listing agency Gallagher Real Estate
Listed by Yevgeniy Popa · License #9533781
Source Compass
Added: Nov 29, 2025 Updated: Jul 21 at 2:17AM Checked: Jul 21 at 8:09AM

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 Gallagher Real Estate


Investment Insights

Based on property information with market context.

This brand-new duplex offers two separate units, each featuring 2 bedrooms and 1.5 bathrooms. Both layouts include an open-concept first floor designed for easy daily living and entertaining. The property is completely new, with each unit supported by separate utilities and its own private basement. Off-street parking is also included for convenience.

Located at 184 Howard Street in Ludlow, Massachusetts, the duplex sits directly across from the park.

Ideal for buyers seeking a low-maintenance multi-family structure, the two-unit configuration provides individual utility setups, private basement space, and dedicated off-street parking for each unit.

Key Highlights

  • Newly built duplex (2025) with two‑bedroom units and 1.5 baths per unit
  • Each unit features separate utilities, plus a private basement with interior access and concrete floors
  • Open‑concept first floor with kitchen, pantry, and stone/granite/solid counters

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 $40.6k $19.80
− Vacancy −$2.2k −$1.09
EGI $38.4k $18.71
− OpEx −$11.5k −$5.61
NOI $26.9k $13.10
2,050 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$383.6K
$335.6K – $447.5K (±1% cap)
NOI $26,850 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$355.5K
$311.0K – $414.7K (±1% cap)
NOI $24,883 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M (±1% cap)
NOI $88,442 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Parking Lot & Garage Catering Service (Bike/Boat/Book/etc) Store Plumbing Service Garden Center Storage Facility (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Newly built duplex with two-bedroom units, private basements, and off-street parking; each unit has separate utilities.
Where is this duplex located?
The property is located at 184 Howard Street Ludlow, MA.
What is the asking price?
The asking price for this property is $544,900.
What are key features of this property?
This property features: Newly built duplex (2025) with two‑bedroom units and 1.5 baths per unit; Each unit features separate utilities, plus a private basement with interior access and concrete floors; Open‑concept first floor with kitchen, pantry, and stone/granite/solid counters
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