255 Center St Ludlow — Photo 1 of 40
Recent Drop: $40,000
$280,000
Investment Analysis — 255 Center St
Ludlow, MA 01056
Based on rent reported on the MLS listing, a 2-unit multi-family in 01056 carries $800/mo in gross rent — about a 1.18% cap rate and $3,310/yr in estimated NOI at the $280,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,596
Style
Multi Family
Built
1954
Two-Family Home with Great Potential & Great Location! This home offers a fantastic opportunity for an owner-occupant, investor, or buyer looking for a property with renovation potential.The first-floor unit needs some TLC, both inside and out, making it ideal for someone ready to put in the work and create something special. The second-floor unit has been remodeled and offers a more updated living space.With two separate units and plenty of potential, this property could be a great investment opportunity. It has plenty of parking with a private driveway on the left side of the house. Whether you're looking to renovate, build equity, or add a property to your portfolio, this two-family home is ready for its next chapter.The home is providing the perfect canvas for someone with a vision to bring it back to life. The beautiful hardwood floors add character and a great foundation for a refreshed interior. With two units, this property has excellent potential for rental income, multi-generational living, or an owner-occupant. This property is ready for someone to bring their ideas, make improvements, and truly make it shine!
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Microwave • Refrigerator
Geography
Property History
$280,000
Was $320,000
Sep 9, 2026
MLS® 73569723
$320,000
Aug 28, 2026
MLS® 73569723
Listing Agent: Katherine Riley
Listing Office: Riley Home Realty, LLC
MLS® Number: 73569723