A new iron(II) molecular complex {[W(CN)8][Fe(bik*)3]2}BF4·7H2O·1.5CH3OH (1.7H2O·1.5CH3OH) was synthesized using a versatile octacyanotungstate(V) building block and N-donor bidentate ligand (bik* = bis(1-ethyl-1H-imidazol-2-yl)ketone) and detailed characterizations were carried out. The crystal structure of 1.7H2O·1.5CH3OH is composed of an ionic salt from one anionic [W(CN)8]3- unit, two isolated cationic [Fe(bik*)3]2+ units, and one BF4- counteranion in the asymmetric unit. Magnetic studies of 1.7H2O·1.5CH3OH display interesting two-step reversible thermo-induced spin-state switching and the partially desolvated form 1.7H2O shows a photomagnetic effect at low temperatures. Additionally, the physical properties of 1.7H2O·1.5CH3OH were compared with the monomeric unit of {[Fe(bik*)3]2}·4ReO4·H2O (2.H2O) and detailed photophysical investigations were also performed to study the effect of a structural matrix {[W(CN)8]3- and ReO4- unit} on the spin-state switching properties of the [Fe(bik*)3]2+ unit in both systems (1.7H2O·1.5CH3OH and 2.H2O).