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$85,000
3 Beds ⋅ 2 Baths ⋅ 1046379 MLS
Investor Opportunity! Add this fully occupied duplex to your portfolio and start generating income from day one. This solid brick multi-family property offers two units: a spacious 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit. Tenant-friendly utility structure helps reduce owner expenses, with tenants responsible for their own electric service and a portion of the gas bill, while the owner currently pays water and trash. The property features approximately 1,935 square feet of living space, a full basement, and a durable brick exterior. A new water heater installed in 2026 provides added peace of mind for future ownership. Conveniently located near downtown Springfield, shopping, dining, and major thoroughfares, this income-producing property presents an excellent opportunity for both seasoned and first-time investors looking to expand their rental portfolio. Fully occupied and cash-flowing--don't miss your chance to own this turnkey investment.

21 Lagonda Ave, Springfield
$99,900
3 Beds ⋅ 3 Baths ⋅ 1043773 MLS
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.

1223 Lagonda Ave, Springfield