Active
683-687 State St
Springfield, MA 01109
Residential Income · Active · MLS #73538738
Listing Courtesy of Lock and Key Realty Inc. | Jessica Mekal
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MLS PIN data
About this home
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 information
Details at a glance
Interior
- Rooms
- 51
Building
- Style
- 5+ Family - 5+ Units Up/Down
- Year built
- 1895
- Foundation
- Brick/Mortar
- Roof
- Rubber
Land & utilities
- Lot size
- 0.17 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- B1
Financial
- Annual taxes
- $14,787
- Assessment year
- 2023
Listing history
Price and status timeline
- Sld
$1,490,000 · Sold $1,410,000 · Jun 19, 2024
Property value estimate
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Comparable sales
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Recent comparable sales are not available for this property.
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Local market context
How this home compares in Springfield
Active city listing statistics from MLS PIN as of September 6, 2026. Asking prices are not completed-sale values.
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About 683-687 State St
Can I schedule a private showing?
Yes. Request a tour of 683-687 State St and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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Availability varies by property and source. Request the documents you need and we will help obtain what is available.