Investor opportunity in a highly desirable area! This tri-plex features 1 vacant units and 2 occupied unit, offering strong potential for value-add improvements. There’s a new tenant placed in the 1st unit, it rents for $850/mo. Unit 1 and Unit 2 each have 2 bedrooms and 1 bathroom and share a large front porch, while Unit 3 is a 1-bedroom, 1-bath unit currently being upgraded with new cabinets and countertops. The property includes 3 hot water tanks, 3 furnaces, 3 electric meters, and 3 water meters, making utility management simple. The front and sides of the exterior were recently painted, boosting curb appeal. Located in a prime neighborhood near shopping, dining, and public transportation, this property provides easy access to major thoroughfares while being in a vibrant, high-demand area. With excellent potential for upgrades and long-term rental growth, this tri-plex is ideal for investors looking to maximize returns. Full-service property management is available with dedicated departments for leasing, marketing, and tenant communication. Rehab and construction services are also offered for remote investors. Don’t miss this opportunity—schedule a showing today and explore the potential this property has to offer!
Multi-familyProperty Type
1920Year Built
5,959 sq ftLot Size
$41Est. Price/Sq.Ft.
3 car garageParking
Listed by Michael Azzam• RE/MAX Haven Realty
Contact: mike@theazzamgroup.com, 216-446-7606
Bought with Julie Hawkins• Coldwell Banker Schmidt Realty
Welcome to 1872 Lampson Rd! This cash flowing three flex is fully occupied and has a gross rent of $1,550/month which is slightly below market rent for this area. There is a 3 car garage on this property and 2 laundry hookups in the basement. All tenants are month to month. Call to schedule your appointment today!
MLSNOW #964635
Dec 13, 1999
Sold
$75,000
$25/sq ft
Jun 16, 1999
Listed
$77,000
$26/sq ft
Public Records
Aug 21, 1979
Sold
$35,000
$12/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,575
$4,340 + $34,160
$38,500
2024
$2,574 (+276.1%)
$4,340 + $34,160
$38,500
2023
$685 (+1.6%)
$2,070 + $6,760
$8,830
2022
$673 (+1.0%)
$2,070 + $6,760
$8,830
2021
$667 (+3.7%)
$2,070 + $6,760
$8,830
2020
$643 (+8.1%)
$1,720 + $5,640
$7,360
2019
$595 (+0.3%)
$1,720 + $5,640
$7,360
2018
$593 (−35.8%)
$1,720 + $5,640
$7,360
2017
$924 (+0.8%)
$460 + $10,570
$11,030
2016
$917 (+0.1%)
$460 + $10,570
$11,030
2015
$916 (−3.0%)
$460 + $10,570
$11,030
2014
$944
$460 + $10,920
$11,380
Tax history for 1872 Lampson Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,575
$4,340 + $34,160
$38,500
2024
$2,574 (+276.1%)
$4,340 + $34,160
$38,500
2023
$685 (+1.6%)
$2,070 + $6,760
$8,830
2022
$673 (+1.0%)
$2,070 + $6,760
$8,830
2021
$667 (+3.7%)
$2,070 + $6,760
$8,830
2020
$643 (+8.1%)
$1,720 + $5,640
$7,360
2019
$595 (+0.3%)
$1,720 + $5,640
$7,360
2018
$593 (−35.8%)
$1,720 + $5,640
$7,360
2017
$924 (+0.8%)
$460 + $10,570
$11,030
2016
$917 (+0.1%)
$460 + $10,570
$11,030
2015
$916 (−3.0%)
$460 + $10,570
$11,030
2014
$944
$460 + $10,920
$11,380
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
5
Baths
3
Stories
2.5
Lot width
40 ft.
Lot depth
149 ft.
Lot size
5,959 Sq. Ft.
Year renovated
1962
Sq. Ft.
2,964
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Cuyahoga County
APN
11713025
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 8, 2026.
Dec 9, 2025 • Active
Residential electrical construction
Perform an inspection of the electrical meter base. A homeowner must be present for all inspections.
Electrical
Oct 7, 2020 • Final
Res electrical
Replace the electrical meter base and ground wire.
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage/Carport Information
Has Garage
# of Garage Spaces: 3
Parking
Features: Detached, Garage
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 3
Room Information
# of Rooms (Total): 13
Has Basement
Basement Information: Full
Laundry Information
Features: In Basement
Multi Unit Information
# Of Buildings: 1
Unit Type 1
One Bedroom
# of Bedrooms: 1
# of Bathrooms Total: 1
Unit Type 2
Two Bedroom
# of Bedrooms: 2
# of Bathrooms Total: 1
Actual Rent: $550
Unit is Leased
Lease Expires: Wednesday, November 12, 2025
Unit Type 3
Two Bedroom
# of Bedrooms: 2
# of Bathrooms Total: 1
Exterior
Building Information
Stories: 2
Year Built Source: Public Records
Roof Details: Asphalt, Shingle
Construction Details: Frame
Exterior Features
Exterior Features: Balcony
Patio And Porch Features: Balcony
Lot Information
Lot Size Area: 0.1368
Lot Size Acres: 0.1368
Lot Size Source: Assessor
Property Information
Above Grade Finished Area: 2,964
Above Grade Finished Area Source: Assessor
Financial
Tax Information
Annual Tax Amount: $2,574
Tax Year: 2024
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Heating
Heating: Forced Air
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 2,964
Stories: 2.5
Lot Size: 5,959 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: 1962
County: Cuyahoga County
APN: 11713025
Home facts updated by county records on Sep 8, 2026
Around this home
Schools
Euclid Park Elementary School
Public PreK-9 • Assigned • 0.7mi
4/10
Collinwood High School
Public 9-12 • Assigned • 0.8mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 95° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Cleveland, OH • 44112
Average low and high temperatures (°F)
30
19
36
23
53
35
61
44
65
52
78
64
83
70
78
64
75
60
65
50
51
41
39
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
76/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$116,000 – $141,000
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