683-687 State St, Springfield MA 01109

Springfield, MA 01109

$1,675,000

Est. $9,902/month

25

Beds

16

Baths

11,250

Sq Ft

$149

Price/Sq Ft

0.17

Acres

1895

Year Built

5+ Family - 5+ Units Up/Down

Type

12 hours 6 minutes

Time on Market

Active Listed Jun 19, 2026 • MLS# 73538738 Copied!

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!

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Property Overview

Property Type

5+ Family - 5+ Units Up/Down

Listing Type

For Sale

Year Built

1895

Bedrooms

25

Full Bathrooms

15

Half Bathrooms

2

Living Area

11,250 sq ft

Total Rooms

51

Stories

4

Levels

4

Facts & Features

Home Facts

Type Residential Income

Style 5+ Family - 5+ Units Up/Down

Year Built 1895

Living Area 11,250 sq ft

Lot Size 0.17 acres

Bedrooms 25

Full Baths 15

Half Baths 2

Total Rooms 51

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement Full

Laundry None

Features None

Exterior

Construction Brick

Architecture None

Roof Rubber

Features None

Pool None

Spa None

Fencing None

Patio/Porch Porch

Parking

Features None

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $14,787

Assessed Value $867,300

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement: Full

Laundry:

Security:

Construction & Materials

Year Built: 1895

Structure Type:

Exterior Materials: Brick

Roof: Rubber

Foundation: Brick/Mortar

Stories: 4

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water: Natural Gas

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch: Porch

Fencing:

Other Structures:

Lot Features: Level

Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

683-687 State St, Springfield MA 01109

Springfield, MA 01109

Walkability

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Nearby Schools

School District

Springfield School District local

D

🎓 Where Graduates Go Class of 2021

36% attend college

20% 4-Year 16% 2-Year 3% Out of State 3% Working

⚠ School Safety 2024-25

5.9% Above Average

5.1% Suspensions 1.4% In-School 0.8% Emergency

↑ 0.4% above state avg

E

Elementary Schools

3 schools

F

William N. DeBerry School

0.2 mi | #807 of 824 | Score: 26.5

Improved 10 spots from last year

-31.7 below state avg

483 students Moderate

Grades PK-05

F

Benjamin Swan Elementary

0.2 mi | #800 of 824 | Score: 28.0

Improved 24 spots from last year

-30.2 below state avg

486 students Moderate

Rising School

Grades PK-05

C-

Milton Bradley School

0.7 mi | #743 of 824 | Score: 33.0

Improved 31 spots from last year

-25.2 below state avg

385 students Moderate

Rising School

Grades PK-05

M

Middle Schools

3 schools

Springfield Commonwealth Academy

0.9 mi

Grades 06-08

C+

STEM Middle Academy

1.1 mi | #12 of 16 | Score: 26.4

Improved 298 spots from last year

-31.8 below state avg

269 students Diverse

Rising School

Grades 06-08

F

South End Middle School

1.2 mi | #350 of 352 | Score: 23.5

Improved 12 spots from last year

-34.7 below state avg

163 students Moderate

Grades 06-08

H

High Schools

3 schools

F

Phoenix Academy Public Charter High School, Springfield

0.4 mi | #340 of 346 | Score: 20.6

Improved 8 spots from last year

-37.6 below state avg

158 students Moderate

College Ready Curriculum

Grades 09-12

C-

High School of Commerce

0.4 mi | #286 of 346 | Score: 42.2

Improved 16 spots from last year

-16 below state avg

966 students Moderate

11 sports • 554 athletes

Early College Program College Ready Curriculum

Grades 09-12

C

Emergence Academy

0.4 mi | #21 of 25 | Score: 25.5

Improved 356 spots from last year

-32.7 below state avg

382 students Diverse

Rising School Diverse Student Body

Grades 06-12

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Property Tax $1,232

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Year 1

95% Interest

Year 15

50/50

Year 30

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Property History

Property Timeline

🏠

Listed for Sale

Jun 19, 2026

$1,675,000

Original listing

Agent: Jessica Mekal Office: Lock and Key Realty Inc.

Date	Event	Price	Change	$/sqft	Details
06/19/2026	🏠 Listed for Sale	$1,675,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Jun 19, 2026	New Listing Added	$1,675,000	—

Market Statistics

Time on Market

12 hours 6 minutes

Price per Sq Ft

$149

Tax History

Year	Taxes	Assessment
2023	$14,787	$867,300

Financial Details

Annual Property Tax

$14,787

Tax Year 2023

Assessed Value

$867,300

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683-687 State St, Springfield MA 01109

About this home

Property Overview

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Home Facts

Interior

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Parking

Utilities

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Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

Neighborhood

Walkability

Nearby Schools

Elementary Schools

Middle Schools

High Schools

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