685 State St, Springfield MA 01109
Springfield, MA 01109
$1,650,000
Est. $10,192/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
Adjust the payment calculatorTrack this home for price, status, and open-house alerts.
About this home
Prime Mixed-Use Investment Opportunity in Springfield! Discover the income potential of 683–687 State Street, a 17-unit mixed-use property featuring 15 residential apartments and 2 commercial spaces. The residential unit mix includes nine 1-bedroom, two 2-bedroom, and four 3-bedroom apartments. Significant improvements have been completed, with 13 of the 15 apartments updated within the past two years. The property offers additional income potential with one vacant 3-bedroom apartment and two vacant commercial spaces. One commercial unit provides over 2,600 square feet, offering flexible possibilities for retail, office, laundromat, or other permitted commercial uses. Ten residential units are currently subsidized, providing an established rental income stream. The property generates approximately $19,000 in monthly gross rental income, with room for additional revenue as vacant units are leased. Heat and hot water are provided by the owner, while tenants are responsible for their separately metered electricity. Whether you're looking to expand your investment portfolio or acquire a substantial income-producing asset, this property offers a combination of existing cash flow, recent improvements, and future growth potential. Schedule your private showing today!
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Recently Sold Nearby
Price & Status History
Property Timeline
Listed for Sale
Nov 12, 2026
$1,650,000
Original listing
Agent: Fallah Razzak
Office: Lock and Key Realty Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 11/12/2026 | 🏠 Listed for Sale | $1,650,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $19,783 | $1,279,600 |
Financial Details
Annual Property Tax
$19,783
Tax Year 2026
Assessed Value
$1,279,600
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
Stories
4
Bedrooms
25
Full Baths
15
Half Baths
2
Total Rooms
51
Investment Metrics
Units
17
Unit 1 Rent
$1,300/mo · Y
Unit 2 Rent
$1,650/mo · Y
Unit 3 Rent
$1,900/mo · Y
Total Monthly Rent
$4,850/mo
Gross Income
$175,490
Net Operating Income
$89,004
Cap Rate
5.39%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$19,783
Assessed Value
$1,279,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated
Seller Disclosures
New Roof Installed In 2023. Heating System Updated 7-8 Years Ago Per Prior Owner, Some Pictures Is Taken Before Tenants Moves In
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Hampden
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
Floor Layout
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1895
Structure Type:
Exterior Materials:
Roof:
Foundation:
Brick/Mortar
Stories:
4
Utilities & Systems
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Parking Features:
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
Elementary Schools
10 schools
Your Educational Success Academy
0.7 mi
Grades K-12
D
The Springfield Virtual School
0.7 mi
|
#326 of 346
|
Score: 30.7
Improved 11 spots from last year
-27.5 below state avg
201 students
Moderate
College Ready Curriculum
Grades PK-12
B
Veritas Preparatory Charter School
1.1 mi
|
#12 of 25
|
Score: 34.5
Improved 339 spots from last year
-23.8 below state avg
769 students
Moderate
Early College Program
Rising School
Grades 05-12
A
Alfred G. Zanetti Montessori Magnet School
1.2 mi
|
#3 of 16
|
Score: 47.5
Improved 137 spots from last year
-10.7 below state avg
436 students
Diverse
Rising School
Grades PK-08
St. Michael's Academy
1.9 mi
Grades PK-08
Academy Hill School
2.0 mi
Grades PK-08
A+
Springfield Preparatory Charter School
2.3 mi
|
#2 of 16
|
Score: 48.5
Improved 94 spots from last year
-9.8 below state avg
485 students
Moderate
Rising School
Strong Attendance
Grades K-08
Grace Academy
2.4 mi
Grades K-12
Pioneer Valley Christian Academy
2.8 mi
Grades PK-12
Pioneer Valley Montessori School
3.7 mi
Grades PK-06
Middle Schools
10 schools
C
John J. Duggan Middle School
2.2 mi
|
#251 of 346
|
Score: 47.1
Improved 35 spots from last year
-11.1 below state avg
843 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
Springfield Commonwealth Academy
0.8 mi
Grades 06-08
C+
STEM Middle Academy
1.1 mi
|
#12 of 16
|
Score: 24.5
Improved 298 spots from last year
-33.7 below state avg
241 students
Diverse
Rising School
Grades 06-08
F
South End Middle School
1.2 mi
|
#350 of 352
|
Score: 23.0
Improved 12 spots from last year
-35.2 below state avg
176 students
Moderate
Grades 06-08
C-
Van Sickle Prep School
1.6 mi
|
#15 of 16
|
Score: 21.0
Improved 330 spots from last year
-37.2 below state avg
207 students
Moderate
Rising School
Grades 06-08
B-
Van Sickle Academy
1.6 mi
|
#10 of 16
|
Score: 28.1
Improved 340 spots from last year
-30.1 below state avg
256 students
Moderate
Rising School
Grades 06-08
F
Forest Park Middle School
1.7 mi
|
#341 of 352
|
Score: 26.3
Improved 18 spots from last year
-31.9 below state avg
460 students
Diverse
Grades 06-08
Springfield Middle School
2.0 mi
15 students
Moderate
Grades 06-08
F
Springfield Public Day Middle School
2.0 mi
|
#352 of 352
|
Score: 19.5
Improved 14 spots from last year
-38.7 below state avg
45 students
Diverse
Grades 06-08
D
Springfield Legacy Academy
2.3 mi
|
#16 of 16
|
Score: 18.8
Improved 340 spots from last year
-39.4 below state avg
243 students
Less Diverse
Rising School
Grades 06-08
High Schools
10 schools
C
Emergence Academy
0.4 mi
|
#21 of 25
|
Score: 26.2
Improved 356 spots from last year
-32 below state avg
376 students
Diverse
Rising School
Diverse Student Body
Grades 06-12
C-
Conservatory of the Arts
0.6 mi
|
#303 of 346
|
Score: 37.6
Improved 2 spots from last year
-20.6 below state avg
292 students
Moderate
High Graduation Rate
College Ready Curriculum
Grades 06-12
C+
Libertas Academy Charter School
1.1 mi
|
#238 of 346
|
Score: 48.5
Improved 106 spots from last year
-9.8 below state avg
592 students
Moderate
7 sports
• 134 athletes
Rising School
Grades 06-12
C
The Springfield Renaissance School an Expeditionary Learning School
1.6 mi
|
#275 of 346
|
Score: 45.0
Improved 6 spots from last year
-13.2 below state avg
596 students
Diverse
High Graduation Rate
College Ready Curriculum
Grades 06-12
C-
Baystate Academy Charter Public School
2.1 mi
|
#306 of 346
|
Score: 37.1
Improved 37 spots from last year
-21.1 below state avg
344 students
Diverse
Rising School
College Ready Curriculum
Grades 06-12
F
Phoenix Academy Public Charter High School, Springfield
0.4 mi
|
#343 of 346
|
Score: 20.1
Improved 5 spots from last year
-38.1 below state avg
175 students
Moderate
College Ready Curriculum
Grades 09-12
C
High School of Commerce
0.4 mi
|
#272 of 346
|
Score: 45.2
Improved 30 spots from last year
-13 below state avg
835 students
Moderate
11 sports
• 554 athletes
Early College Program
Rising School
College Ready Curriculum
Grades 09-12
B+
Gateway to College at Springfield Technical Community College
0.5 mi
|
#123 of 346
|
Score: 74.4
Same rank as last year
30 students
Diverse
College Ready Curriculum
Grades 09-12
F
Springfield International Academy at Sci-Tech
1.1 mi
|
#340 of 346
|
Score: 20.7
Dropped 40 spots from last year
-37.5 below state avg
52 students
Diverse
Career Tech Programs
College Ready Curriculum
Diverse Student Body
Grades 09-12
C-
Springfield High School of Science and Technology
1.1 mi
|
#311 of 346
|
Score: 36.3
Dropped 1 spots from last year
-21.9 below state avg
1,147 students
Moderate
13 sports
• 870 athletes
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,649
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
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+0.5% Rate
$0/mo
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
685 State St, Springfield MA 01109
Springfield, MA 01109
Listing Information
Listing Agent
Fallah Razzak
Listing Office
Lock and Key Realty Inc.
Office Phone
413-282-8080
Agent MLS ID
CT009589
Office MLS ID
AN5521
Listing Data Updated
Nov 12, 2026 2:30 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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