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Triplex with Separate Utility Meters
New
For Sale
$130,000

1872 LAMPSON ROAD, Cleveland, OH 44112

CLEVELAND, OH

Property Size2,964 SF
Price / SF$43.86
Days on Market3

Property Features for 1872 LAMPSON ROAD

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5
Subdivision COLONIAL HEIGHTS
Standard status Active
Size 2,964 SF

Building Details

Year built 1920
Listing Agency: Schmidt Realty · Coldwell Banker Real Estate
Listed By: Julie Hawkins · License #2024006635
Added: Sep 29 Last Checked: Oct 1 at 3:06PM
MLS# 5202027

Copyright © 2026 Coldwell Banker Schmidt REALTORS. 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 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 service for the units. The front and side exterior elevations have been recently painted.

Built in 1920, the property is located in Cleveland near shopping, restaurants, and public transportation.

Key Highlights

  • Three‑unit residential property with 5 bedrooms and 3 full bathrooms
  • 2,964 square feet; built in 1920
  • 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 individual furnaces and hot water tanks support separately serviced units.
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: Three‑unit residential property with 5 bedrooms and 3 full bathrooms; 2,964 square feet; built in 1920; Three furnaces and three hot water tanks
More about this property
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