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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!

Highlights

  • Residential Income
  • Multi Family
  • Built in 1895
  • 0.17 Acre Lot
  • 3 days on Market

  • Bedrooms
    25
  • Bathrooms
    15 full · 2 half
  • Year Built
    1895
  • Stories
    4.0
  • Foundation
    Brick/Mortar
  • Living Area
    11250.0
  • Basement
    Full

  • Acres
    0.17
  • Lot Features
    Other
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 685 State St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 685 State St.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 685 State St?

Click Ask a Question to talk with our team. You already know it is a 25 bed, 15 bath, listed for $1,650,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Springfield, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 685 State St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 685 State St at around $11,038. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 685 State St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Hampden County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 685 State St?

In most cases, yes. Whether 685 State St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Springfield's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 685 State St?

We can handle that for you. Our preferred local agent specializes in residential incomes in Springfield and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,650,000 with 11,250 sqft of space—that comes out to approximately $147 per square foot.

How long has this property been on the market?

685 State St was listed on November 12, 2026, which means it's been on the market for 3 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1895, making it approximately 131 years old.

What is the lot size of this property?

685 State St sits on a 0.17-acre lot, which is 7,405 square feet.

What are the property taxes for 685 State St?

The most recent public record shows annual property taxes for 685 State St were approximately $19,783. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 685 State St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS Property Information Network (MLS PIN). All rights reserved.

Last Updated: November 15, 2026 at 01:32AM | Source: MLS Property Information Network (MLS PIN) | MLS#: 73601621