683-687 State St, Springfield MA 01109
Springfield, MA 01109
$1,675,000
$1,650,000
Est. $9,776/month
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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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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
1.5%
Price Range
Property Timeline
Price Reduced
Jul 15, 2026
$1,650,000
$25,000
(-1.49%)
From $1,675,000 to $1,650,000 (-1.5%)
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 |
|---|---|---|---|---|---|
| 07/15/2026 | ↓ Price Reduced | $1,650,000 | $25,000 | - | From $1,675,000 to $1,650,000 (-1.5%) |
| 06/19/2026 | 🏠 Listed for Sale | $1,675,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2023 | $14,787 | $867,300 |
Financial Details
Annual Property Tax
$14,787
Tax Year 2023
Assessed Value
$867,300
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
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
$23,925
Net Operating Income
$23,925
Cap Rate
1.45%
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
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
One Apt Being Marketed For Rent But Can Be Delivered Vacant At Buyers Request. Roofs Replaced In 2023; Heating System Updated 7-8 Years Ago Per Prior Owner. Buyer To Perform Own Due Diligence. Photos Are From When Units Were Vacant & Commercial Space Photo Is Staged. There Are Some Locs For Apts.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Hampden
Total market time (incl. prior listings)
30 days
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
Interactive room guide
Floor Layout
Finished Area
11,250 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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:
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
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
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
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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Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,232
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
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Current Rate
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+0.5% Rate
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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
683-687 State St, Springfield MA 01109
Springfield, MA 01109
Listing Information
Listing Agent
Jessica Mekal
Listing Office
Lock and Key Realty Inc.
Office Phone
413-282-8080
Agent MLS ID
CN248483
Office MLS ID
AN5521
Listing Data Updated
Jul 19, 2026 3:06 AM EDT
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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