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$99,900
Priscilla Lee McNamee
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
Arthur A Solomon
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

$184,900
Miranda Lynn Bragg
Turnkey, fully vacant duplex with extensive updates! This move in ready upper/lower duplex is an exceptional opportunity for investors looking to generate rental income or owner occupants wanting to house hack by living in one unit while renting the other. With both units vacant, you have the rare ability to choose your own tenants, set current market rents, or occupy either unit immediately. No waiting for leases to expire and no renovation projects to tackle. This income producing property is ready to go. The upper unit has been completely renovated and features new LifeProof luxury vinyl plank flooring, new Stainmaster carpet with Nike Step Ahead padding, new countertops, a new vanity, fresh paint throughout, and a bedroom with a newly added closet for improved functionality. Both units include brand new appliances and fresh interior paint, creating a clean, modern feel. The lower unit blends classic character with modern updates, featuring beautifully refinished hardwood floors, updated luxury vinyl plank flooring in the entryway, kitchen, and bathroom, brand new lighting, and a refreshed, move-in ready feel. Outside, you'll find a renovated rear deck, a new garage door, convenient off street parking, and a detached two car garage, providing valuable storage and parking for owners or tenants alike. Whether you're expanding your investment portfolio, purchasing your first duplex, or looking for a turnkey house hack, this updated multifamily property offers flexibility, low maintenance, and immediate income potential in one package.

462-462.5 Stanton Avenue, Springfield

Listing Courtesy of : Miranda Lynn Bragg ---- Gallery Homes Real Estate LLC

$114,900
Arthur A Solomon
Income producing side by side duplex with estimated market rents of $1,100 per unit, offering potential gross income of approximately $2,200 per month or $26,400 annually. Each unit features three spacious bedrooms, one full bathroom, separate front and rear porches, and immediate occupancy. The side by side layout provides added privacy, with no one living above or below each unit. Recent improvements include fresh interior paint, new LED light fixtures, PEX plumbing, vinyl replacement windows, vinyl siding, and a roof replaced within the last five years. Both units are equipped with high efficiency furnaces, including one brand new furnace. Each unit has its own 100 amp electrical service, electric meter, and gas meter. The property is served by one shared water meter. Conveniently located with easy access to Interstate 70, downtown Springfield, shopping, dining, and other local amenities. This duplex offers strong rental income potential with immediate leasing opportunities. Estimated market rents are based on current market conditions and should be independently verified by the buyer. Buyers are encouraged to perform their own due diligence regarding rental rates, expenses, and investment projections.

1325-1327 Clifton Avenue, Springfield

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

$169,999
Julie R Wills
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

$82,900
Arthur A Solomon
3 UNIT PROPERTY. LIVE IN 1 SIDE AND RENT THE OTHER 2 UNITS AND LIVE RENT FREE. 1 BEDROOM UNIT CAN RENT FOR $750-900, 2ND 1 BEDROOM UNIT $750-$900 AND THE 2 BEDROOM UNIT $950-1100 / MO. Investment opportunity in Springfield! This triplex at 7-11 W. Mulberry St. offers a great addition to any investor's portfolio. The property features three units, including two 1-bedroom units and one studio apartment. This is a great opportunity to house hack and live in 1 unit and have your mortgage paid for by the other 2 units. Units 7 and 9 and vacant and rent ready. Unit 11 is remodeled and is in rental condition. Recent improvements include fresh paint, new LVP flooring, updates to a bathroom and kitchen, and several newer windows. Unit 7 has recently been painted, and Unit 11 has received new flooring and interior updates. Whether you're looking to expand your rental portfolio or explore the opportunity to occupy one unit while generating income from the others, this property offers excellent potential. Conveniently located near downtown Springfield, shopping, dining, and major roadways. Property information and room counts are believed to be accurate but should be independently verified by buyers.

7 W Mulberry Street, Springfield

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