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Listed price in listed location currency (USD).
$119,900

430

MLS® 960000

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2373 sqft
Garage 
Taxes 
Days Active 21
Lot Size 0.0649 Acres
Approx. Age 1920
Avg. Price Per Sqft $50
MLS® Number 960000

Property Address: 1223 Lagonda Ave, Springfield, OH, 45503-4304

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number960000
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementCrawl Space, Partial, Unfinished
DrivewayNo Garage
Garage Spaces
HeatForced Air, Natural Gas
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 25, 2026List Date
$119,900List Price
  • Commute

Commute

Starting Address
Destination Address
1223 Lagonda Ave, Springfield, OH

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