1223 Lagonda Ave, Springfield, OH, 45503
About This Home
Value-add opportunity with multiple income possibilities on this two-parcel property located at the corner of Lagonda and Farlow. Included in the sale is an additional parcel at 0 Farlow currently used for off-street parking. The upper unit is leased to a long-term tenant at $600 per month, providing immediate income. The main level offers significant upside and flexibility. Currently configured with a front office area and a one-bedroom apartment, the layout can be easily reimagined due to minimal interior structural constraints. The main level presents several options for the next owner: • Convert to a larger single unit with expanded living space • Reconfigure into a 2-3 bedroom unit • Explore the potential to create multiple rental units (buyer to verify zoning and use) Previously operated as a neighborhood pub, the space offers an open footprint that is difficult to find in similar properties, making it ideal for redevelopment or repositioning. Additional improvements include updated electric panels, replacement windows, siding, and a complete tear-off roof in 2004. Gas is currently on one meter, with owner covering gas, water, sewer, and trash. With an existing tenant, additional parcel for parking, and a highly flexible main level ready for improvement, this property offers a strong opportunity for an investor to increase value and maximize returns.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Stone
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Basement
- Has basement: Yes
- Basement: Crawl Space,Partial
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Flooring: Carpet,Laminate,Vinyl
Heating & Cooling
- Heating features: Forced Air,Natural Gas,Space Heater
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 2,373
- Total interior livable area: 2,373 sqft
Property
Details
- Parcel number: 3400700029306010
- Zoning description: Residential
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
Lot
- Lot size: 2,613 sqft
- Features: Residential Lot
- Lot size dimensions: .0649 acre
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $505 | $6,060 |
| Home Insurance * | $63 | $756 |
| Property Taxes | $95 | $1,140 |
| Electricity | $254 | $3,054 |
| Total | $917 | $11,004 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Price change | $119,900 |
| 2026-04-16 | Price change | $129,900 |
| 2026-03-16 | Price change | $139,900 |
| 2026-03-03 | Price change | $149,000 |
| 2026-02-14 | Listed for sale | $157,500 |
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