Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

683-687 State St

Springfield, MA ID #73538738

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683-687 State St

- Springfield, MA ID #73538738

Property Description

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!

Additional Details

  • Status: ACT
  • Type: Multi-Family, Multi Family
  • Zip Code: 01109
  • Taxes: 14,787
  • Levels: 4
  • Acres: 0.17

Rooms/Dimensions

  • Total Units: 17
  • Total Floors: 4
  • Total Rooms: 51
  • Has Basement: Yes

Location

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683-687 State St, Springfield, MA

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Jessica Mekal of Lock and Key Realty Inc.. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.