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.

226033552 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 Avenue, Springfield

Listing Courtesy of : Priscilla Lee McNamee ---- ROOST Real Estate Co.

$134,900

SPACIOUS, RENOVATED SIDE-BY-SIDE DOUBLE WITH 7 BEDROOMS, 3 FULL BATHS AND ESTIMATED GROSS RENTAL POTENTIAL OF $2,400 PER MONTH. Offering approximately 3,242 square feet, 131 E Southern features 4 bedrooms and 2 full baths, while 133 E Southern offers 3 bedrooms and 1 full bath. The 133 side has been completely remodeled with a new kitchen, new bathroom, new flooring throughout, fresh paint, new doors, LED lighting, switches and outlets. The 131 side has also undergone substantial improvements. Major capital items have already been addressed, including a brand-new roof, vinyl windows throughout, and separately metered gas and electric. Exterior improvements include fresh paint and repairs to the aluminum siding. Both units offer tall ceilings, spacious rooms, covered front porches and backyard access. With no tenants above or below, the side-by-side layout provides added privacy. Estimated market rents are $1,250 for the 4-bedroom, 2-bath unit and $1,150 for the renovated 3-bedroom, 1-bath unit, creating potential gross income of $28,800 annually. Owner pays water; occupants pay separately metered gas and electric. An excellent opportunity for an investor seeking a substantially improved rental or an owner-occupant looking to offset the mortgage with income from the adjoining unit. Conveniently located near South Limestone Street, downtown Springfield and I-70.

226031643 MLS

SPACIOUS, RENOVATED SIDE-BY-SIDE DOUBLE WITH 7 BEDROOMS, 3 FULL BATHS AND ESTIMATED GROSS RENTAL POTENTIAL OF $2,400 PER MONTH. Offering approximately 3,242 square feet, 131 E Southern features 4 bedrooms and 2 full baths, while 133 E Southern offers 3 bedrooms and 1 full bath. The 133 side has been completely remodeled with a new kitchen, new bathroom, new flooring throughout, fresh paint, new doors, LED lighting, switches and outlets. The 131 side has also undergone substantial improvements. Major capital items have already been addressed, including a brand-new roof, vinyl windows throughout, and separately metered gas and electric. Exterior improvements include fresh paint and repairs to the aluminum siding. Both units offer tall ceilings, spacious rooms, covered front porches and backyard access. With no tenants above or below, the side-by-side layout provides added privacy. Estimated market rents are $1,250 for the 4-bedroom, 2-bath unit and $1,150 for the renovated 3-bedroom, 1-bath unit, creating potential gross income of $28,800 annually. Owner pays water; occupants pay separately metered gas and electric. An excellent opportunity for an investor seeking a substantially improved rental or an owner-occupant looking to offset the mortgage with income from the adjoining unit. Conveniently located near South Limestone Street, downtown Springfield and I-70.

131 E Southern Avenue, Springfield

Listing Courtesy of : Arthur A Solomon ---- Coldwell Banker Heritage

$169,999

Income Producing Duplex Offering Immediate Rental Income. This Two Unit Property Features Approximately 2,660 Square Feet On A 0.16 Acre Lot. One Unit Is Currently Occupied, Providing Immediate Cash Flow, While The Second Unit Is Vacant And Ready For A New Tenant Or Owner Occupant. The Duplex Includes One 3 Bedroom, 1 Bathroom Unit And One 4 Bedroom, 1 Bathroom Unit, Offering Spacious Floor Plans And Strong Rental Potential. Both Units Feature Generous Living Areas, Functional Kitchens, Large Windows, And Separate Entrances. Tenants Pay Electric, Gas, And Trash Collection, While The Owner Pays Water. A Basement Provides Additional Storage, And On Street Parking Is Available. Located Near Downtown Springfield, Shopping, Dining, Parks, And Major Commuter Routes, This Property Offers An Opportunity For Investors Seeking A Partially Occupied Duplex, Buyers Expanding A Rental Portfolio, Or Owner Occupants Interested In Living In One Unit While Collecting Rent From The Other. Roof (23), Furnaces (23) , Gutters (23) , & Windows (23).

226027875 MLS

Income Producing Duplex Offering Immediate Rental Income. This Two Unit Property Features Approximately 2,660 Square Feet On A 0.16 Acre Lot. One Unit Is Currently Occupied, Providing Immediate Cash Flow, While The Second Unit Is Vacant And Ready For A New Tenant Or Owner Occupant. The Duplex Includes One 3 Bedroom, 1 Bathroom Unit And One 4 Bedroom, 1 Bathroom Unit, Offering Spacious Floor Plans And Strong Rental Potential. Both Units Feature Generous Living Areas, Functional Kitchens, Large Windows, And Separate Entrances. Tenants Pay Electric, Gas, And Trash Collection, While The Owner Pays Water. A Basement Provides Additional Storage, And On Street Parking Is Available. Located Near Downtown Springfield, Shopping, Dining, Parks, And Major Commuter Routes, This Property Offers An Opportunity For Investors Seeking A Partially Occupied Duplex, Buyers Expanding A Rental Portfolio, Or Owner Occupants Interested In Living In One Unit While Collecting Rent From The Other. Roof (23), Furnaces (23) , Gutters (23) , & Windows (23).

534-536 Homeview Avenue, Springfield

Listing Courtesy of : Julie R Wills ---- Howard Hanna Real Estate Svcs

$163,500

Established investment property- Brick double with 2 bedrooms, 1 bath upstairs, living room, dining room and kitchen. Full unfinished basement w/laundry hookup. Same floor plan for each unit. Bathroom updates less than 2 years old, new outside railings, new flooring both units 2024 and 2025. Tenants pay gas, electric, cable, internet. Owner/seller pays water/sewer and trash. Current rent is $850 each side.

226010919 MLS

Established investment property- Brick double with 2 bedrooms, 1 bath upstairs, living room, dining room and kitchen. Full unfinished basement w/laundry hookup. Same floor plan for each unit. Bathroom updates less than 2 years old, new outside railings, new flooring both units 2024 and 2025. Tenants pay gas, electric, cable, internet. Owner/seller pays water/sewer and trash. Current rent is $850 each side.

1143 Cedarview Drive, Springfield

Listing Courtesy of : Marla L Morland ---- e-Merge Real Estate