Brick Duplex with Full
For Sale
$85,000
21 Lagonda Avenue, Springfield, OH 45503
Multi-Family, Springfield, OH
Property Size1,935 SF
Lot Size0.09 Acres
Price / SF$43.93
Days on Market114
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 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
None
Basement
Block, Unfinished
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) 321-0569
Added: Jun 14
Changed: Sep 16
Last Checked: Oct 5 at 9:06PM
MLS# 1046379
Copyright © 2026 Western Regional Information System & Technology, Inc. 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 duplex contains approximately 1,935 square feet of living space arranged as two residences: a lower-level two-bedroom, one-bath unit and an upper one-bedroom, one-bath unit. The brick-and-stone exterior, full basement, forced-air natural gas heat, and public sewer service provide a durable base for continued residential use. Range and refrigerator appliances are included, and the property was built in 1882.
Occupancy is currently full. Residents pay their own electric service and contribute toward gas, while water and trash remain owner-paid. A water heater installed in 2026 adds a recent mechanical update. The 0.09-acre property has no designated parking and is positioned near downtown Springfield, shopping, dining, and major thoroughfares.
Occupancy is currently full. Residents pay their own electric service and contribute toward gas, while water and trash remain owner-paid. A water heater installed in 2026 adds a recent mechanical update. The 0.09-acre property has no designated parking and is positioned near downtown Springfield, shopping, dining, and major thoroughfares.
Key Highlights
- Two‑unit duplex with approximately 1,935 square feet of living space
- Lower unit offers 2 bedrooms and 1 bath; upper unit has 1 bedroom and 1 bath
- Full basement and brick‑and‑stone exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,567
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,340
$131.3K
Cap Rate 7%
$93,814
$93.8K
Cap Rate 9%
$72,967
$73.0K
Market Conditions
NOI Build-Up for 1,935 SF
Gross rent
$10.2K $5.28/SF
− Vacancy
−$835 −$0.43/SF
EGI
$9.4K $4.85/SF
− OpEx
−$2.8K −$1.45/SF
NOI
$6.6K $3.39/SF
Area
Clark County, OH
Vacancy
8.17%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,340
Cap Rate 7%
$93,814
Cap Rate 9%
$72,967
Alternative Uses
Best Use
Multifamily LT 5
$93.8K
$82.1K – $109.5K
NOI $6,567 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$81.3K
$71.1K – $94.8K
NOI $5,690 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$539.7K
$472.3K – $629.7K
NOI $37,781 @ 7.0% cap · market cap 44.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
411
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with separate electric billing and partial gas reimbursement.
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 $85,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,935 square feet of living space; Lower unit offers 2 bedrooms and 1 bath; upper unit has 1 bedroom and 1 bath; Full basement and brick‑and‑stone exterior
