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4 Beds
3 Baths
2,373 sqft

$99,900

1223 Lagonda Avenue, Springfield OH, 45503

Price per sqft$42.10
Built in1920
Property size2,373 sqft
Property typeMulti-family

Overview

Active

Listed May 25, 2026

Updated Sep 1

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.

$665/mo

Est. mortgage payment based on a $99,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
960000

Interior Features

Bedrooms
4
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres
MLS provider logo

Courtesy of Priscilla L McNamee with Roost Real Estate Co
Listing Contact: (937) 390-3715 

Based on information from Dayton Area Board of REALTORS® as of 9/1/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. 

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