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1223 Lagonda Avenue Springfield, OH 45503
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision City
MLS Listing ID 226033552
Year Built 1920
Annual Tax Amount $996
Lot Size 2,613 Sqft
Lot Dimensions 0.06
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
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 which previously was leased 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. August of 2026, two brand new windows were installed in this unit (see photos) allowing plenty of natural light and easy for a buyer to split off the large space as they wish. 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. Motivated seller is looking for an offer. Come take a peek today!! Easy to show.
Location
State OH
County Clark
Community City
Area 0.06
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Springfield Csd 1206 Cla Co.
School District Springfield Csd 1206 Cla Co.
Others
Tax ID 3400700029306010
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Priscilla Lee McNamee ROOST Real Estate Co.