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12 Days on market

36 Butler St Ludlow — Photo 1 of 42

$345,000

Investment Analysis — 36 Butler St

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 4.19% cap rate and $14,444/yr in estimated NOI at the $345,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,008

Style

Single Family

Built

1983

Welcome to this charming 3-bedroom, 1-bath ranch situated on a corner lot with beautiful water views! This home offers comfortable one-level living with first-floor laundry, central air, and a partially finished basement providing additional space for a family room, home office, hobby area, or storage. There are also laundry hookups in the basement for added flexibility. Step outside onto the back deck and take in the peaceful water views while enjoying your morning coffee, relaxing after a long day, or entertaining guests. With its desirable location, functional layout, water views, and additional living space, this home offers a lot to appreciate. Opportunities like this don't come along every day, so don't miss your chance to see all this home has to offer—schedule your showing today!

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: 504 sq ft (the lesser of 900 sq ft or half the 1,008 sq ft principal dwelling). Lot size: 8,015 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.