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Triplex with Separate Utility Meters
For Sale
$130,000

1872 Lampson Road, Cleveland, OH 44112

ResidentialIncome, Cleveland, OH

Property Size2,964 SF
Lot Size0.14 Acres
Price / SF$43.86
Days on Market99

Property Features for 1872 Lampson Road

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 2, Laundry Room, Bathroom 2, Bedroom 5, Basement
Parking features Garage
Exterior features Balcony
Appliances Range, Refrigerator
Subdivision Colonial Heights
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions Off Euclid Ave. between Colonnade Rd and Urbana Rd.
Standard status Active
APN 117-13-025
Size 2,964 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 10 COLHTS S/L 61 ALL NWP TRI 0060
Tax Annual Amount 2575
Legal Description 10 COLHTS S/L 61 ALL NWP TRI 0060

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1920
Floors in Building 3
Building materials Frame
Roof type Asphalt, Shingle
Listing Agency: Coldwell Banker Schmidt Realty · Coldwell Banker Real Estate
Listed By: Julie Hawkins · License #2024006635
Added: Jul 1 Changed: Sep 29 Last Checked: Oct 7 at 7:06PM
MLS# 5202027

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This frame triplex contains 2,964 square feet with five bedrooms and three full bathrooms. Three furnaces, three hot water tanks, three electric meters, and three water meters provide separate systems for the residences. The property also has a balcony, garage, forced-air heat, and a basement. Built in 1920, it sits on a 0.1368-acre lot; the front and side exterior elevations have been painted recently.

Shopping, restaurants, and public transportation are nearby. Public water and sewer serve the property.

Key Highlights

  • Triplex with 5 bedrooms and 3 full bathrooms
  • 2,964 square feet on a 0.1368‑acre lot
  • Three furnaces and three hot water tanks

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

564
Businesses Nearby

Demographics for 44112, OH

18,685
Population
11,828
Households
1.6
Avg Household Size
44
Median Age
17%
College-Educated
86%
High-School Grad
4.0 sq mi
ZIP Area
4,671
Density / Sq Mi
$28,957
Median Household Income
$27,204
Median Earnings
$802
Median Rent
$77,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three furnaces and individual electric and water meters support separate service for each residence.
Where is this triplex located?
The property is located at 1872 Lampson Road Cleveland, OH.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Triplex with 5 bedrooms and 3 full bathrooms; 2,964 square feet on a 0.1368‑acre lot; Three furnaces and three hot water tanks
More about this property
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