1535 Center Street Ludlow — Photo 1 of 31
Recent Drop: $5,100
$369,900
Investment Analysis — 1535 Center Street
Ludlow, MA 01056
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01056 carries an estimated $2,130/mo in gross rent — about a 3.87% cap rate and $14,304/yr in estimated NOI at the $369,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,187
Style
Single Family
Built
1936
Welcome home to this beautifully updated property, where modern finishes and comfortable living come together! Step inside and you’ll immediately appreciate the bright, inviting feel and thoughtful renovations throughout. The stunning kitchen has been completely refreshed with granite countertops, soft-close cabinetry, a stylish new backsplash, and brand-new stainless steel appliances. The open-concept dining and living areas provide a wonderful space for everyday living and entertaining, with plenty of natural light and peaceful views of the surrounding landscape. The updated bathroom offers a fresh, modern vanity and a new tub, while three spacious bedrooms provide generous closet storage.The improvements continue with new lighting fixtures, recessed lighting, fresh paint throughout the main level and basement, and a new roof for added peace of mind. Nature lovers will appreciate the convenient location near the Ludlow Reservoir, offering easy access to scenic walks and outdoor enjoyment.With so many updates already completed, this home is ready for you to simply move in and make it your own. Come see all it has to offer!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 594 sq ft (the lesser of 900 sq ft or half the 1,187 sq ft principal dwelling). Lot size: 24,829 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator • Freezer • Water Treatment • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Cable Hookup, Open Floorplan, Remodeled
Dining Room
Lvl FirstFlooring - Vinyl, Deck - Exterior, Open Floorplan, Remodeled
Kitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl FirstCeiling Fan(s), Remodeled
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstBathroom 1
Lvl FirstProperty History
$369,900
Was $379,900
Aug 31, 2026
MLS® 73561348
$379,900
Was $375,000
Aug 10, 2026
MLS® 73561348
$379,900
Aug 10, 2026
MLS® 73561348
Listing Agent: Scott Fontaine
Listing Office: REMAX Connections - Easthampton
MLS® Number: 73561348