Active
9 Days on market
235 State St #407 Springfield — Photo 1 of 42

235 State St #407 Springfield — Photo 1 of 42

$205,000

Investment Analysis — 235 State St #407

Springfield, MA 01103

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 1-bedroom in 01103 carries an estimated $1,630/mo in gross rent — about a 4.08% cap rate and $8,372/yr in estimated NOI at the $205,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

764

Style

Condominium

Built

1899

Embrace refined downtown living at the iconic Classical Condominiums, converted from Classical High School in 1988, an architecturally distinguished, historic residence where timeless elegance meets sophisticated modern updates. Ideally positioned in the cultural and entertainment heart of downtown Springfield, this exceptional fourth-floor penthouse condo offers a rare blend of grandeur, character, and effortless city living. This remarkable residence showcases an impressive collection of original architectural details, including soaring ceilings, exquisite natural woodwork, a gracious built in bookcase, large teacher's closet, gleaming hardwood floors, elegant moldings, crystal door knobs, custom lighting and oversized windows framing majestic sunset views of the Library, Dr. Seuss Gardens & the Federal Building! The dramatic step-up living room creates an impressive setting for both intimate gatherings and grand entertaining, while the spacious dining room offers a sophisticated backdrop for memorable occasions. Beautifully appointed throughout, the residence combines historic charm with stylish contemporary touches. The remodeled kitchen features granite countertops, a large, square, deep sink & fresh paint and the bath has been tastefully updated with textured wallpaper, a granite vanity, newer toilet, and crown molding. One of the property's most exceptional amenities is its deeded, enclosed & covered, garage parking, a truly rare luxury in the heart of downtown and a feature that distinguishes this residence from many others in the building. Additional amenities include central air, remote-control thermal shades, lovely draperies that remain, lighting with dimmers and updated fixtures/hardware. All kitchen appliances and the washer and dryer are included for turn key living and water & gas are included in the condominium fee! Timeless architecture, dramatic sunset views, gracious proportions, sophisticated updates, and coveted private garage parking come together to create a distinctive urban residence of uncommon character and convenience! The common areas include a library, bike rack & a stunning Atrium with a fully equipped kitchen & additional room which can be rented by unit owners (with a discount) for special events. Enjoy the best of city living with easy access to downtown attractions such as museums, restaurants, entertainment, shopping, MGM and the highway! Pets are permitted with restrictions!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Immersive Experience

Property Details

Financials

Original Price$205,000
Annual Taxes$2,366
HOA Fee$344

Parking

Garage1
Off-Street1

Interior Specifications

Total Rooms4
FireplacesNone
Flooring--
BasementN

Climate & Utilities

HeatingCentral, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningB3

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBathroom 1
Living Room
Lvl First

13 x 16

Ceiling Fan(s), Flooring - Hardwood, Crown Molding

Dining Room
Lvl First

13 x 14

Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Crown Molding

Kitchen
Lvl First

8 x 9

Countertops - Stone/Granite/Solid

Master Bedroom
Lvl First

11 x 13

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

5 x 6

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: Anita Taylor

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73571582