683-687 State St Springfield — Photo 1 of 29
Recent Drop: $25,000
$1,650,000
683-687 State St, Springfield, MA 01109
Springfield, MA 01109
Beds
25
Baths
16
SqFt
11,250
Style
5+ Family - 5+ Units Up/Down
Built
1895
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!
Key facts
It was listed on June 19, 2026. The price has come down from an original $1,675,000 to $1,650,000, most recently on July 15, 2026. The annual property taxes are $14,787 (2023 tax year). It sits on a 0.17-acre (7,532 sq ft) lot.
No longer available to tour
Market Value Analysis
* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Springfield, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Laundromat
Geography
Property History
$1,650,000
Was $1,675,000
Jul 15, 2026
MLS® 73538738
$1,675,000
Jun 19, 2026
MLS® 73538738
$1,410,000
Oct 28, 2024
MLS® 73254939
$1,490,000
Jun 19, 2024
MLS® 73254939
Questions about this home
When was 683-687 State St, Springfield listed?
683-687 State St, Springfield was listed on June 19, 2026.
Has the price of 683-687 State St, Springfield changed?
The price has come down from an original $1,675,000 to $1,650,000, most recently on July 15, 2026.
What are the property taxes for 683-687 State St, Springfield?
The annual property taxes for 683-687 State St, Springfield are $14,787 (2023 tax year).
How big is the lot at 683-687 State St, Springfield?
683-687 State St, Springfield sits on a 0.17-acre (7,532 sq ft) lot.
What is the status of 683-687 State St, Springfield?
683-687 State St, Springfield is under contract, and the MLS still lists it as active.
Population
31,124
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$48K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
52.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Hampden County
358 housing units permitted in the last 12 months (+18% vs the prior 12 months) — 63 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Jessica Mekal
Listing Office: Lock and Key Realty Inc.
MLS® Number: 73538738
No longer available to tour
