1868 Lampson Road

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1868 Lampson Road

Cleveland, OH 44112
Asking Price
$169K
Asset Type
Multifamily
Class
Class B

What's Special

1868 Lampson Road is situated in the Glenville neighborhood on the east side of Cleveland, Ohio. This location offers proximity to the diverse cultural and educational institutions of University Circle, including Case Western Reserve University and the Cleveland Museum of Art. The area is characterized by a mix of residential blocks and local commercial corridors. Residents have access to neighborhood green spaces like Forest Hill Park and are served by several RTA bus routes along Superior and Euclid Avenues, providing straightforward transit connectivity to downtown Cleveland and surrounding suburbs. As a multifamily asset, this property is suited for workforce housing or student rental conversions given its location near major employment and academic hubs. The typical tenant profile includes healthcare professionals working at the Cleveland Clinic or University Hospitals, as well as students and faculty seeking off-campus housing options. The building's configuration allows for a consistent rental model catering to individuals or small households looking for urban accessibility. It serves as a functional residential option within a developing community poised for continued local investment.

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NOI
$80,000
Cap Rate
47.37%
DSCR
7.98
Strong
Cash-on-Cash
138.09%
Monthly Payment
$835.625
Annual Cash Flow
$69,972.499

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