21 Lagonda Avenue, Springfield, OH 45503
MULTI_FAMILY - Springfield, OH
- Added:
- Jun 14, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 15 at 7:06 am
Property Features for 21 Lagonda Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
- Parking features
- Garage
- Basement
- Unfinished, Block
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 3400700029317017
- Size
- 1,935 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1882
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Stone
Listing agent Tyler Hicks (937) 949-0006
Listing office Glasshouse Realty Group 30 Warder Street Suite 155, Springfield, OH (937) 949-0006
Listing date Jun 14, 2026
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
- Fully occupied duplex with two units: a 2‑bedroom/1‑bath lower unit and a 1‑bedroom/1‑bath upper unit
- Approx. 1,935 SF of living space with a full basement
- Brick exterior construction with natural gas forced‑air heating
- Tenants handle electric service and a portion of the gas bill; owner pays water and trash
- New water heater installed in 2026
- Utilities include public sewer; appliances include range and refrigerator
Overview
The duplex is located at 21 Lagonda Avenue in Springfield, Ohio (45503), in Clark County. The home is described as being convenient to downtown Springfield as well as shopping, dining, and major thoroughfares.
From an owner-operator perspective, the utility structure is tenant-friendly: tenants are responsible for their own electric service and a portion of the gas bill, while the owner currently pays water and trash. With the property already occupied, it may appeal to investors looking for a turnkey, income-producing duplex with a durable brick exterior and a recently installed water heater.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.2k | $5.28 |
| − Vacancy | −$835 | −$0.43 |
| EGI | $9.4k | $4.85 |
| − OpEx | −$2.8k | −$1.45 |
| NOI | $6.6k | $3.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.796097
- Latitude
- 39.92445
