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Versatile Investment Property with Parking

1223 Lagonda Avenue, Springfield, OH 45503

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For Sale

$119,900

MULTI_FAMILY - Springfield, OH

Property size:

2,373 SF

Lot size:

0.06 Acres

Price / SF:

$50/SF

HighLights

Three‑unit investment property with three separate entrances for privacy and flexible unit access.
Upper 2‑bedroom apartment is currently leased at $600/month to a long‑term tenant.
Office‑style unit (1 office/bedroom, storage, half bath) is leased on a 6‑month lease at $400/month.
Additional two‑parcel sale includes a second parcel at 0 Farlow currently used for off‑street parking.
Main level unit currently functions as a large 1‑bedroom with potential to reconfigure into 2 or 3 bedrooms.
Updates include replacement windows, siding, updated electric panels, and a complete tear‑off roof completed in 2004.

We can help!

Listing Contact

Priscilla L. McNamee

For Sale

$119,900

MULTI_FAMILY - Springfield, OH

Property size:

2,373 SF

Lot size:

0.06 Acres

Price / SF:

$50/SF

Added:: Feb 14, 2026
Days on Market:: 125
Last Refresh:: Jun 19 at 7:06 am

Property Features for 1223 Lagonda Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 3
Bathrooms: 3
Rooms: Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 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, Forced Air, Space Heater
Cooling system: Window Unit(s)

Building Details

Year built: 1920
Floors in Building: 2
Number of units: 2
Flooring type: Vinyl, Carpet, Laminate
Building materials: Vinyl Siding

We can help!

Listing Contact

Priscilla L. McNamee

Listing agent Priscilla L. McNamee

Listing office Roost Real Estate Co. 1636 N Yellow Springs St., Springfield, OH

Listing date Feb 14, 2026

MLS# 1043773 Listing URL

HighLights

Three‑unit investment property with three separate entrances for privacy and flexible unit access.
Upper 2‑bedroom apartment is currently leased at $600/month to a long‑term tenant.
Office‑style unit (1 office/bedroom, storage, half bath) is leased on a 6‑month lease at $400/month.
Additional two‑parcel sale includes a second parcel at 0 Farlow currently used for off‑street parking.
Main level unit currently functions as a large 1‑bedroom with potential to reconfigure into 2 or 3 bedrooms.
Updates include replacement windows, siding, updated electric panels, and a complete tear‑off roof completed in 2004.

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

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Clark
State: Ohio
Longitude: -83.789482
Latitude: 39.930141

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For sale
Triplexes
OH
Springfield
45503
1223 Lagonda Avenue

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 three separate entrances for privacy and flexible unit access.; Upper 2‑bedroom apartment is currently leased at $600/month to a long‑term tenant.; Office‑style unit (1 office/bedroom, storage, half bath) is leased on a 6‑month lease at $400/month.

1223 Lagonda Avenue, Springfield, OH 45503

MULTI_FAMILY - Springfield, OH

Property Features for 1223 Lagonda Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Springfield Car Wash Opportunity

Turnkey Hair Salon Storefront

Four-Unit Multifamily Investment Opportunity

Modern Commercial Building in Springfield

Fully Remodeled Duplex Investment

Springfield Multifamily Investment Opportunity

Springfield Church Building For Sale

Two-Unit Residential Income Duplex

Medical Office Building For Sale

Four-Unit Multifamily Property

Well-Maintained Duplex Investment Opportunity

Fully Occupied 4-Plex

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