Movoto Real Estate
Sold on 09/02/2024

683-687 State St, Springfield, MA 01109

$1,478,563

Last sold 09/02/2024 for $1.41M

  • 25

    bed

  • 17

    bath

  • 11,250

    Sqft ($125/Sqft)

Multi-family not for sale

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
**Back to Market with MAJOR Updates. Buyer lost Financing** Investment Opportunity! Welcome to 683-687 State Street, a hidden gem nestled in the heart of Springfield, MA. This property has a total of 17 units including: 15 residential & 2 commercial spaces. One commercial space is 2,600+ sq ft. & presents a PERFECT opportunity to convert into a Laundromat or Business! There are a variety of unit sizes, comprising (9) one-bedroom, (2) two-bedroom, & (4) three-bedroom units. ALL 15 residential units are FULLY updated. There are 4 one-bed units & 2 commercial units vacant. One bed units are expected to be filled within 30 days. Heat & hot water is provided by ownership & tenants are responsible for electric which includes electric stoves. Roofs are 1 year old and the heating system has been replaced within the past 5 years. The current property management in place is available to continue services once purchased. Don't pass up a chance like this in an expanding city such as Springfield,MA
Listed by
Listing Agent - The Madison Team
Listing Office - Lock and Key Realty Inc.
Source: MLS Property Information Network, Inc. mls logo
MLS#73254939 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 2 minutes ago
Overview
Levels/Style 5
MLS # 73254939
Type Residential Income
Status Closed
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
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Hampden
Community Features Public Transportation
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 14425
Gross Income 23925
$1.47M
Range: $1.33M-$1.62M
Last 30 days 
  • Sep 2026
    mls logo MLS # 73538738
  • Sep 28, 2026 Active
    —
  • Jul 15, 2026 Price Change
    $1,650,000 (-1.5%)
  • Jun 19, 2026 Listed
    $1,675,000 (+18.8%)
  • Oct 2024
    mls logo MLS # 73254939
  • Oct 28, 2024 Sold
    $1,410,000 (-5.4%)
  • Sep 5, 2024 Active
    —
  • Aug 16, 2024 Listed
    $1,490,000 (-2.3%)
  • Jun 29, 2024 Active
    —
  • Jun 19, 2024 Listed
    $1,525,000 (+9.3%)
  • Mar 2024
    mls logo MLS # 73201273
  • Mar 28, 2024 Price Change
    $1,395,000 (-2.1%)
  • Feb 9, 2024 Listed
    $1,425,000
  • 683-687 State St
    $1.41M
  • Old Hill
    $285K +50% y/y
  • 01109
    $285K +5% y/y
  • Springfield
    $299K -2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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