Sold!
$1,410,000
25
Beds
15/2
Baths
11,250
Living Area
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Property Description
**Back to Market with MAJOR Updates. Buyer lost Financing** Investment Opportunity! Welcome to 683-687 State Street, a hidden gem nestled in the heart of Springfield, MA. This property has a total of 17 units including: 15 residential & 2 commercial spaces. One commercial space is 2,600+ sq ft. & presents a PERFECT opportunity to convert into a Laundromat or Business! There are a variety of unit sizes, comprising (9) one-bedroom, (2) two-bedroom, & (4) three-bedroom units. ALL 15 residential units are FULLY updated. There are 4 one-bed units & 2 commercial units vacant. One bed units are expected to be filled within 30 days. Heat & hot water is provided by ownership & tenants are responsible for electric which includes electric stoves. Roofs are 1 year old and the heating system has been replaced within the past 5 years. The current property management in place is available to continue services once purchased. Don't pass up a chance like this in an expanding city such as Springfield,MA
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Highlights
- Property Class: Residential Income
- Total Rooms: 51
- Status: Closed
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1895
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Additional Details
- Basement: Full
- Foundation: Brick/Mortar
- Roof: Rubber
- Year Built Details: Actual
- Zoning: B1
- Construction: Brick
- Lot Features: Level
- Total Number of Units: 17
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $867,300
- Tax Year: 2023
- Total Rent: $14,425
- Compensation Based On: Compensation Offered but Not in MLS
- Taxes: $14,787
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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 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.
