683-687 State St

11,250 Sq. Ft.
$149 / Sq. Ft.
11,250
Sq. Ft.
$149
per Sq. Ft.

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,...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!
  1. Listed by Jessica Mekal • Lock and Key Realty Inc.

Property Details for 683-687 State Street

Town
Springfield
Area
MA-Springfield
Garage Spaces
0
Open Parking Spaces
.00
Parking Spaces Total
0
LISTING UPDATED: 06/19/2026 08:44 AM

Property Details for 683-687 State Street

StatusNew
MLS #73538738
Days on MarketListed Today
Taxes$14,787 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1895
CountyHampden County

Location

Listing Courtesy of Lock and Key Realty Inc., Jessica Mekal
Add your commute

Building Information for 683-687 State Street

Stories4Residences17Year Built1895Building Size-Lot Size0.17 AC / 7,532 SF

Payment Calculator

$9,579 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,347

Property Taxes

$1,232

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 683-687 State Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Laundromat
  • Living Area: 11250.0
  • SqFt with Basement: No
  • Total Units: 17
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 17.0
  • Num of Full Baths: 15
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 16.00
  • Bathrooms Total Integer: 17
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Brick
  • Exterior Features: Porch
  • Lot Description: Level
  • Patio And Porch Features: Porch
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: One apt being marketed for rent but can be delivered vacant at buyers request. Roofs replaced in 2023; heating system updated 7-8 years ago per prior owner. Buyer to perform own due diligence. Photos are from when units were vacant & commercial space photo is staged. There are some LOC's for apt's.
Tax Information
  • Tax ID: S:11110 P:0516
  • Assessments: $867,300
  • Book: 25205
  • Tax Year: 2023
  • Zoning: B1
Building / Association Information
Living Characteristics
  • Beds Total: 25
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Brick/Mortar
  • Levels: 4
Income / Expenses
  • GOI: $23,925.00
  • NOI: $23,925.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $19,099.00

Property History for 683-687 State Street

DateEvent & SourcePriceAppreciation
Jun 19, 2026

Listed (Active)

MLS PIN #73538738

$1,675,000—
Oct 28, 2024

Sold

MLS PIN #73254939

$1,410,000—
Sep 19, 2024

Under Agreement

MLS PIN #73254939

—
DateEvent & SourcePrice
06/19/2026

Listed (Active)

MLS PIN #73538738

$1,675,000
10/28/2024

Sold

MLS PIN #73254939

$1,410,000
09/19/2024

Under Agreement

MLS PIN #73254939

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 683-687 State Street

This home is within Springfield School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
William N. Deberry Elementary School
PublicPK to 5

Kiley Prep
Public6 to 8

Springfield Central High School
Public9 to 12

Putnam Vocational Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

683-687 State Street is a multi-family home for sale in Springfield, MA 01109. This listing's school district is Springfield School District. Nearby schools include William N. Deberry Elementary School, Kiley Prep and Springfield Central High School. 683-687 State Street is a 25-bed, 17-bath, 11,250 sqft multi-family home built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lock and Key Realty Inc., Jessica Mekal

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.