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Eight-Unit Apartment Building
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32-34 Joy Street, Ludlow, MA 01056

Multistory property with consistent two-bedroom, one-bath layouts and dedicated off-street parking.

Property Size8,382 SF
Lot Size0.25 Acres
Price / SF$118.71
Days on Market12

Property Features for 32-34 Joy Street

General Information

Standard status Active
Size 8,382 SF
Total Parking Spaces 8
Lot size 0.25 Acres
Property subtype Multifamily
Net Operating Income $91,801

Units

Unit Mix 8 x 2BR/1BA
Multifamily Units 8

Additional Details

Highway Access Yes

Building Details

Year Built 1900
Buildings 1
Stories 2
Units 8
Tenancy Multi
Listing Agency: Horvath & Tremblay
Listed By: Michael Bradley · License #MA 1000571-RE-RB:
Source: Crexi
Added: Jul 30 Changed: Aug 9 Last Checked: Aug 9 at 9:09AM

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 Horvath & Tremblay

Investment Insights

Based on property information with market context.

Built in 1900, this multistory apartment property contains eight two-bedroom, one-bath units. The building provides 5,530 square feet of gross living area within 8,382 square feet of gross area, and sits on a 0.25-acre parcel. Eight off-street parking spaces serve the property.

Located at 32-34 Joy Street in Ludlow, Massachusetts, the property is positioned near the town center, local shopping, and surrounding residential areas. Regional access includes Center Street (Route 21), Route 141, and the Massachusetts Turnpike (Interstate 90), connecting the property with Springfield, Chicopee, and the broader Pioneer Valley.

Key Highlights

  • Eight apartment units, each configured with 2 bedrooms and 1 bathroom
  • 5,530 square feet of gross living area within 8,382 square feet of gross area
  • 0.25‑acre parcel with eight off‑street parking spaces

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Discount Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

759
Businesses Nearby

Demographics for 01056, MA

21,002
Population
8,984
Households
2.3
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
27.2 sq mi
ZIP Area
772
Density / Sq Mi
$78,981
Median Household Income
$47,449
Median Earnings
$1,250
Median Rent
$303,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multistory property with consistent two-bedroom, one-bath layouts and dedicated off-street parking.
Where is this apartment building located?
The property is located at 32-34 Joy Street Ludlow, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Eight apartment units, each configured with 2 bedrooms and 1 bathroom; 5,530 square feet of gross living area within 8,382 square feet of gross area; 0.25‑acre parcel with eight off‑street parking spaces
(781) 776-4002 Call to check price and availability
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