Property Description

Investor Opportunity in Cleveland! This triplex is an excellent addition to any investment portfolio. Featuring a total of 5 bedrooms and 3 full bathrooms, this income-producing property is designed for easy ownership and utility management with 3 furnaces, 3 hot water tanks, 3 electric meters, and 3 water meters allowing each unit to be separately serviced. The exterior has been refreshed with recently painted front and side elevations, adding to the property's curb appeal. Conveniently located near shopping, restaurants, and public transportation, this property offers tenants easy access to everyday amenities while providing investors with a desirable rental location. Whether you're expanding your portfolio or looking for your next investment opportunity, this Cleveland triplex is one you won't want to miss!

1872 Lampson Road | MLS# 5202027

This multi-family property located at 1872 Lampson Road, Cleveland, OH 44112 is currently listed for sale with an asking price of $130,000. Lampson Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 536austindriveunitf.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Full

Cooling: None

Days on Market: 5

Garage: 3

Heating: Forced Air

Lot Size: 0.14 Acres

Roof Type: Asphalt, Shingle

Stories: 3.0

Taxes: $2,575 / year

Year Built: 1920

Amenities

Balcony

Feature Descriptions

Appliances: Range, Refrigerator

Exterior: Frame

Laundry: In Basement

Parcel#: 117-13-025

Parking: Detached, Garage

Patio/Porch: Balcony

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 1872 Lampson Road, Cleveland, OH 44112

Fips

Fips Code 39035

Population

2020 to 2025 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2025 Estimate (V2025) 1,232,925

2020 Estimate (V2025) 1,264,775

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.1%

18 to 64 54.2%

65 and Older 20.5%

Gender

Male 48.0%

Female 52.0%

Place of Birth

Foreign 7.7%

US 92.3%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 36.5%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 54,264

Income

Per Capita Income $42,747

Median Household Income $64,468

People in Poverty 14.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 554,551

Average Household Size 2.20

Owner-Occupied 59.4%

Multi-Family 34.9%

Owner-Occupied Median Value $195,400

Median selected monthly owner costs -with a mortgage $1,570

Median selected monthly owner costs -without a mortgage $671

Median gross rent $1,060

Building Permits

New Private Housing Issued 2024 1,685

Years at Residence

1 Year or More 86.7%

Less Than 1 Year 13.3%

Business and Employment

Private non-farm Establishments 31,496

Private non-farm Employment 681,543

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 110,977

Number of Firms 23,160

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 918.42 per month $665.92 Principal & Interest $214.58 Property Tax $37.92 Homeowner's Insurance

Change Payment Information

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