$1,675,000
683-687 State St
Springfield, MA, 01109
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!
Property Details
Price:
$1,675,000
MLS #:
73538738
Status:
Active
Beds:
25
Baths:
16
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Jun 19, 2026
Finished Sq Ft:
11,250
Total Sq Ft:
11,250
Lot Size:
7,532 sqft / 0.17 acres (approx)
Year Built:
1895
Units:
17
Schools
Interior
Above Grade Finished Area
11250
Bathrooms
15 Full Bathrooms, 2 Half Bathrooms
Levels
4
Exterior
Community Features
Public Transportation, Laundromat
Construction Materials
Brick
Lot Features
Level
Patio And Porch Features
Porch
Roof
Rubber
Stories
4
Financial
Tax Year
2023
Taxes
$14,787
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Springfield as of Jun 21, 2026
125
Multi Family Listed
112
Avg DOM
150
Avg $ / SqFt
$473,758
Avg List Price
Community
- Address683-687 State St Springfield MA
- CitySpringfield
- CountyHampden
- Zip Code01109
Subdivisions in Springfield
Similar Listings Nearby
Property Summary
- 683-687 State St Springfield MA is a Multi Family for sale in Springfield, MA, 01109. It is listed for $1,675,000 To schedule a showing of MLS#73538738 at 683-687 State St in Springfield, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Gallagher Real Estate. 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 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.
683-687 State St
Springfield, MA