1223 Lagonda Avenue, Springfield, OH 45503
Local realty services provided by:ERA Martin & Associates
1223 Lagonda Avenue,Springfield, OH 45503
$99,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: priscilla lee mcnamee
Office: roost real estate co.937-390-3715
MLS#:226033552
Source:OH_CBR
Price summary
- Price:$99,900
About this home
Land contract terms available, contact listing agent. 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 which previously was leased 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. August of 2026, two brand new windows were installed in this unit (see photos) allowing plenty of natural light and easy for a buyer to split off the large space as they wish. 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. Motivated seller is looking for an offer. Come take a peek today!! Easy to show....
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Home facts
- Year built:1920
- Subdivision & Development:city
- Listing ID #:226033552
- Added:54 day(s) ago
- Updated:October 27, 2026 at 06:04 PM
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1920
- Lot area:0.06 Acres
Finances and disclosures
- Price:$99,900
- Tax amount:$996
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