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683-687 State St, Springfield, MA 01109

  • $1,650,000

    •

  • 25

    bed

  • 17

    bath

  • 11,250

    Sqft ($147/Sqft)

Multi-family for sale 49 days
$25K price drop
Movoto is helping 124 homebuyers near you

About 683-687 State St

Property type Multi-family
Neighborhood
Year built 1895
HOA fee $0/month
Lot size 7,532 Sqft
Movoto estimate
Property description
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!
Listed by
Listing Agent - Jessica Mekal
Listing Office - Lock and Key Realty Inc.
Source: MLS Property Information Network, Inc. mls logo
MLS#73538738 • last updated 3 weeks ago
Movoto checked MLS Property Information Network, Inc. for data 2 minutes ago
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Overview
Levels/Style 4, 4
MLS # 73538738
Type Residential Income
Status Active
SubType 5+ Family - 5+ Units Up/Down
SqFt 11250
Lot Size (SqFt) 7532
Lot Size (Acres) 0.17
Annual Property Tax 14787.46
Year Built 1895
Interior
Total # of Bathrooms 17
# Full Baths 15
# Half Baths 2
Total # of Bedrooms 25
Basement Full
Total # of Rooms 51
Exterior
Foundation Brick/Mortar
Roof Rubber
Construction Brick
Patio/ Porch Porch
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Hampden
Community Features Public Transportation, Laundromat
Zoning B1
APN S:11110 P:0516
Directions Located At The Corner Of State St And Hancock St
Multifamily Details
Net Operating Income 23925
Total Actual Rent 19099
Gross Income 23925
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1/10
William N. Deberry Elementary School
public Grades PK, K-5
Springfield School District
2/10
High School Of Commerce
public Grades 9-12
Springfield School District
2/10
High School/Science-Tech
public Grades 9-12
Springfield School District
3/10
Springfield Central High School
public Grades 9-12
Springfield School District
Source: GreatSchools.org © 2026. All rights reserved.

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72/100
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Family
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  • Real Estate
  • MA
  • Hampden County
  • Springfield
  • 01109
  • Old Hill
  • 683-687 State St

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Massachusetts Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
The property listing data and information 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 are for the personal, non commercial use of consumers having a good faith in 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 set forth herein.
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