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1223 Lagonda Avenue, 
Springfield, OH 45503

$119,900


4

Beds


3

Baths


2,373

Sq Ft


Multi-Family

Active

Listed by

Priscilla L Mcnamee

Roost Real Estate Co

937-390-3715

Last updated:

May 30, 2026, 03:13 PM

MLS#

960000

Source:

OH DABR

About This Home

1223 Lagonda Avenue

Rare opportunity to own a versatile three unit investment property with additional off street parking on a two parcel sale located at the corner of Lagonda and Farlow. Included in the sale is the additional parcel at 0 Farlow currently utilized for valuable off street parking. The property features three separate entrances allowing privacy and flexibility for each unit. The upper apartment offers 2 bedrooms and is currently leased to a long term tenant at $600 per month providing immediate income. A separate office style unit includes 1 office/bedroom, storage room, and half bath and is currently leased on a 6 month lease at $400 per month. The spacious main level apartment currently functions as a large 1 bedroom unit but offers outstanding potential for reconfiguration into a 2 or possibly 3 bedroom unit, creating additional rental income potential estimated between $1,000 to $1,400 per month depending on improvements and layout. 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 with owner paying gas, water, sewer, and trash. With existing rental income, additional parking parcel, flexible floor plans, and future upside potential, this property presents an excellent opportunity for an investor looking to increase cash flow and maximize long term value.

Home Facts

Multi-Family

3 Baths

4 Bedrooms

Built in 1920

Price Summary

119,900

$50 per Sq. Ft.

MLS #:

960000

Last Updated:

May 30, 2026, 03:13 PM

Added:

7 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

2

Interior

Living Area:

2,373 Sq. Ft.


Structure

Structure

Building Area:

2,373 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

2,827


Finances & Disclosures

Finances

Price:

$119,900

Price per Sq. Ft:

$50 per Sq. Ft.

Source:OH DABR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.