683-687 State St, Springfield, MA 01109

Springfield
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
683-687 State St,Springfield, MA 01109
$1,650,000
  • 25 Beds
  • 17 Baths
  • 11,250 sq. ft.
  • Multi-family
  • Active
Listed by: jessica mekal, jessica mekal
Office: lock and key realty inc.
MLS#:73538738
Source:MLSPIN

Price summary

  • Price:$1,650,000
  • Price per sq. ft.:$146.67

About this home

Exceptional investment opportunity in Springfield,MA! 683-687 State Street features 17 units, including 15 residential apartments and 2 commercial spaces. The unit mix consists of (9) one-bedroom, (2) two-bedroom, and (4) three-bedroom apartments, with all but two units updated within the past 24 months. The property currently has one vacant 3-bedroom unit and two vacant commercial spaces, creating immediate upside potential. One commercial space offers over 2,600 sq. ft. and is ideal for a laundromat, retail, office, or other business use. Ownership pays heat and hot water, while tenants pay their own electric (separately metered). Ten of the 15 residential units are subsidized, providing stable rental income.The property currently generates approximately $19,000 per month in gross rental income, with upside still available. Excellent cash flow and value-add opportunity. Don't miss out!

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Home facts

  • Year built:1895
  • Listing ID #:73538738
  • Updated:September 28, 2026 at 04:03 PM

Rooms and interior

  • Bedrooms:25
  • Total bathrooms:17
  • Full bathrooms:15
  • Half bathrooms:2
  • Rooms Total:51
  • Basement Description:Full
  • Living area:11,250 sq. ft.

Structure and exterior

  • Roof:Rubber
  • Year built:1895
  • Building area:11,250 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Level
  • Construction Materials:Brick
  • Exterior Features:Porch
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,650,000
  • Price per sq. ft.:$146.67
  • Tax amount:$14,787 (2023)
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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