683-687 State St Springfield, MA 01109
Listing Courtesy of: MLS PIN / Listed By: Jessica Mekal, Lock And Key Realty Inc.

  683-687 State St Springfield, MA 01109

Active (1 Days)
$1,675,000 (USD)
25
BED
15.2
BATH
11,250
SQFT
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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!

MLS #:
73538738
Taxes
$14,787(2023)
Lot Size
7,532 SQFT
Type
Multifamily
Year Built
1895
County
Hampden County

Listed By

Jessica Mekal, Lock And Key Realty Inc.
Source
MLS PIN
Last checked Jun 19 2026 at 10:10 AM GMT+0000
Bathroom Details
Lot Information
  • Level
Property Features
  • Fireplace: 0
  • Foundation: Brick/Mortar
Basement Information
  • Full
Exterior Features
  • Roof: Rubber
Utility Information
  • Utilities: Water: Public
  • Sewer: Public Sewer
Stories
  • 4
Living Area
  • 11,250 sqft
Location
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