1223 Lagonda Avenue, Springfield, OH 45503
Local realty services provided by:ERA Petkus Weiss
1223 Lagonda Avenue,Springfield, OH 45503
$119,900
- 4 Beds
- 3 Baths
- 2,373 sq. ft.
- Multi-family
- Active
Listed by: priscilla l mcnamee
Office: roost real estate co
MLS#:960000
Source:OH_DABR
Price summary
- Price:$119,900
- Price per sq. ft.:$50.53
About this home
Rare opportunity to own a versatile three unit investment property with additional off street parking on a two parcel sale located at the corner of Lagonda and Farlow. Included in the sale is the additional parcel at 0 Farlow currently utilized for valuable off street parking.
The property features three separate entrances allowing privacy and flexibility for each unit. The upper apartment offers 2 bedrooms and is currently leased to a long term tenant at $600 per month providing immediate income. A separate office style unit includes 1 office/bedroom, storage room, and half bath and is currently leased on a 6 month lease at $400 per month.
The spacious main level apartment currently functions as a large 1 bedroom unit but offers outstanding potential for reconfiguration into a 2 or possibly 3 bedroom unit, creating additional rental income potential estimated between $1,000 to $1,400 per month depending on improvements and layout.
Additional updates include replacement windows, siding, updated electric panels, and a complete tear off roof completed in 2004. Gas is currently serviced by one meter with owner paying gas, water, sewer, and trash.
With existing rental income, additional parking parcel, flexible floor plans, and future upside potential, this property presents an excellent opportunity for an investor looking to increase cash flow and maximize long term value....
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Home facts
- Year built:1920
- Listing ID #:960000
- Added:1 day(s) ago
- Updated:May 25, 2026 at 07:54 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Basement:Yes
- Basement Description:Partial, Unfinished
- Living area:2,373 sq. ft.
Structure and exterior
- Year built:1920
- Building area:2,373 sq. ft.
- Lot area:0.06 Acres
Finances and disclosures
- Price:$119,900
- Price per sq. ft.:$50.53
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