Brick Duplex Income
For Sale
$90,000
21 Lagonda Avenue, Springfield, OH 45503
MULTI_FAMILY - Springfield, OH
Property Size1,935 SF
Lot Size0.09 Acres
Price / SF$46.51
Days on Market47
Property Features for 21 Lagonda Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
None
Basement
Unfinished, Block
Appliances
Range, Refrigerator
Subdivision
Warder
Lot features
Residential Lot
Elementary school district
1206 Springfield CSD
Middle school district
1206 Springfield CSD
High school district
1206 Springfield CSD
Directions
I-70 Exit 54A (US-68/N Limestone St) north toward Springfield. Continue approximately 2 miles. Right on E. Lagonda Ave. Cross N. Fountain Ave. Property on right at 21 Lagonda Ave.
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
Forced Air, Natural Gas
Building Details
Year built
1882
Floors in Building
2
Number of units
2
Building materials
Brick, Stone
Listing Agency:
Glasshouse Realty Group
(937) 949-0006
Listed By:
Tyler Hicks
(937) 949-0006
Added: Jun 14
Changed: Jul 24
Last Checked: Jul 30 at 9:06PM
MLS# 1046379
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.
Investment Insights
Based on property information with market context.
This brick duplex provides two rental units, consisting of a spacious 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit. The property includes a full basement and approximately 1,935 square feet of living space. A new water heater was installed in 2026.
The property is located in Springfield, Ohio near downtown, shopping, dining, and major thoroughfares. The duplex is fully occupied.
Utilities are structured so tenants handle their own electric service and pay a portion of the gas bill, while the owner currently pays water and trash.
The property is located in Springfield, Ohio near downtown, shopping, dining, and major thoroughfares. The duplex is fully occupied.
Utilities are structured so tenants handle their own electric service and pay a portion of the gas bill, while the owner currently pays water and trash.
Key Highlights
- Fully occupied duplex with two units: 2‑bedroom/1‑bath lower unit and 1‑bedroom/1‑bath upper unit
- Approximately 1,935 SF of living space with a full basement
- Brick and stone construction with a durable brick exterior
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 |
1,935 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$93.8K
$82.1K – $109.5K
NOI $6,567 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$81.3K
$71.1K – $94.8K
NOI $5,690 @ 7.0% cap · market cap 6.32%
Theoretical Best
Specialty Retail
$539.7K
$472.3K – $629.7K
NOI $37,781 @ 7.0% cap · market cap 41.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 45503, OH
32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with two units, a full basement, and durable brick exterior in Springfield, Ohio.
Where is this duplex located?
The property is located at 21 Lagonda Avenue Springfield, OH.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Fully occupied duplex with two units: 2‑bedroom/1‑bath lower unit and 1‑bedroom/1‑bath upper unit; Approximately 1,935 SF of living space with a full basement; Brick and stone construction with a durable brick exterior
