
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First13 x 16
Ceiling Fan(s), Flooring - Hardwood, Crown Molding
Dining Room
Lvl First13 x 14
Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Crown Molding
Kitchen
Lvl First8 x 9
Countertops - Stone/Granite/Solid
Master Bedroom
Lvl First11 x 13
Closet, Flooring - Hardwood
Bathroom 1
Lvl First5 x 6
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Anita Taylor
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73571582
