683 State St Springfield, MA 01109
Old Hill NeighborhoodEstimated payment $10,279/month
Highlights
- Property is near public transit
- Coin Laundry
- Level Lot
- Porch
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,787
Year Built
- Built in 1895
Lot Details
- 7,532 Sq Ft Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Brick Foundation
- Rubber Roof
Interior Spaces
- 11,250 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 25 Bedrooms
Additional Features
- Porch
- Property is near public transit
Community Details
- 17 Units
- Coin Laundry
- Net Operating Income $23,925
Listing and Financial Details
- Assessor Parcel Number S:11110 P:0516
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/19/2026 06/19/26 | For Sale | $1,675,000 | +18.8% | $149 / Sq Ft | |
| 10/28/2024 10/28/24 | Sold | $1,410,000 | -5.4% | $125 / Sq Ft | View Prior Sale |
| 09/02/2024 09/02/24 | Pending | -- | -- | -- | |
| 08/16/2024 08/16/24 | Price Changed | $1,490,000 | 0.0% | $132 / Sq Ft | |
| 08/16/2024 08/16/24 | For Sale | $1,490,000 | -2.3% | $132 / Sq Ft | |
| 06/29/2024 06/29/24 | Pending | -- | -- | -- | |
| 06/20/2024 06/20/24 | For Sale | $1,525,000 | -- | $136 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73538738
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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