Versatile Investment Property with
1223 Lagonda Avenue, Springfield, OH 45503
MULTI_FAMILY - Springfield, OH
Property size:
2,373 SFLot size:
0.06 AcresPrice / SF:
$50/SF- Added:
- Feb 14, 2026
- Days on Market:
- 104
- Last Refresh:
- May 29 at 11:06 pm
Property Features for 1223 Lagonda Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
- Parking features
- Garage
- Patio and Porch features
- Porch
- Basement
- Crawl Space, Partial
- Standard status
- Active
- APN
- 3400700029306010
- Size
- 2,373 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Space Heater, Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Vinyl Siding
Listing agent Priscilla L. McNamee (937) 390-3715
Listing office Roost Real Estate Co. 1636 N Yellow Springs St., Springfield, OH (937) 390-3715
Listing date Feb 14, 2026
MLS# 1043773
Listing URL
Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three‑unit investment property with additional parcel for off‑street parking.
- Immediate income from two currently leased units.
- Main level apartment offers potential to reconfigure into a 2‑3 bedroom unit for increased rental income.
- Recent updates include replacement windows, siding, updated electric panels, and a tear‑off roof (2004).
- Three separate entrances provide privacy and flexibility for each unit.
- Excellent opportunity to increase cash flow and maximize long‑term value.
Overview
This versatile three-unit investment property, located at the corner of Lagonda and Farlow, includes an additional parcel at 0 Farlow currently utilized for off-street parking. The property features three separate entrances. The upper apartment, currently leased to a long-term tenant at $600 per month, offers two bedrooms. A separate office-style unit includes one office/bedroom, a storage room, and a half bath, and is currently leased on a six-month lease at $400 per month. The main level apartment currently functions as a large one-bedroom unit but offers potential for reconfiguration into a two or possibly three-bedroom unit, creating additional rental income potential estimated between $1,000 to $1,400 per month. 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. The property, situated on a 0.06-acre lot, offers existing rental income, an additional parking parcel, flexible floor plans, and future upside potential. The property size is 2373 square feet. This property presents an opportunity for an investor looking to increase cash flow and maximize long-term value.
Property Profile
Location Intelligence
Current Use by Public Records
D & L Termite ...
Garden Center
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.789482
- Latitude
- 39.930141
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit property with parking, income potential, and flexible floorplans.
Where is this triplex located?
The property is located at 1223 Lagonda Avenue Springfield, OH.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Three‑unit investment property with additional parcel for off‑street parking.; Immediate income from two currently leased units.; Main level apartment offers potential to reconfigure into a 2‑3 bedroom unit for increased rental income.
