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Active

683-687 State St, Springfield MA 01109

$1,675,000

Estimated $3,948/month Calculator

Multi Family

Total Units: 17

Price Per Unit: $98,529.41

Total Rent: 58200/year

Estimated CAP Rate:

25 Bedrooms

Baths

11250

Total Parking: 0

7,532 (0.17)

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!

This home has been viewed 9 times

Last Checked: June 24th, 2026 at 5:33am (Source: MLS PIN #73538738)

Gross Income: $58,200

Gross Expenses: $14,787

Net Income Calc: $43,413

Annual Expenses for 683-687 State St, Springfield MA 01109

Total Gross Expenses (Calculated)$14,787/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14787.46

Annual Income & Unit Breakdown for 683-687 State St, Springfield MA 01109

Total Gross Income (Calculated)$58,200

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 683-687 State St, Springfield MA 01109

Listing ID73538738

Property TypeMulti Family

Price1675000 ($148.89/SqFt)

Style5+ Family - 5+ Units Up/down

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total11250

Approximate Lot Size (Acres)0.17

Total Parking0

Garage Parking0

Year Built1895

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningB1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 683-687 State St, Springfield MA 01109

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 683-687 State St, Springfield MA 01109

Real Estate Taxes14787.46

Tax Year2023

Assessed Value$867,300

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 683-687 State St, Springfield MA 01109

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 683-687 State St, Springfield MA 01109

Agent

Name: Jessica Mekal

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Team Members

Payment Calculator

, Interest

Property Taxes 1232.29

Principal & Interest 10320.82

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

Jessica Mekal

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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EXIT

26 More Photos

Active

683-687 State St, Springfield MA 01109

$1,675,000

Annual Expenses for 683-687 State St, Springfield MA 01109

Annual Income & Unit Breakdown for 683-687 State St, Springfield MA 01109

General Information for 683-687 State St, Springfield MA 01109

Disclosures for 683-687 State St, Springfield MA 01109

Financial Information for 683-687 State St, Springfield MA 01109

Location Information for 683-687 State St, Springfield MA 01109

Contact Information for 683-687 State St, Springfield MA 01109

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Lock and Key Realty Inc.

Jessica Mekal