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phil+t10@lofty.com

$ 97,500

Est. payment -/mo

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559 E Exchange ST Akron, OH 44306

5 Beds

2 Baths

1,594 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,594 sqft

Price per Sqft $61

Subdivision Rubber Workers

MLS Listing ID 5235100

Style Colonial,Conventional

Bedrooms 5

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,594

Year Built 1906

Annual Tax Amount $1,817

Tax Year 2025

Lot Size 2,609 Sqft

Acres 0.0599

Property Sub-Type Single Family Residence

Property Description

Whether you're looking to expand your investment portfolio or searching for an affordable place to call home, this spacious 5-bedroom, 2-full-bath Colonial offers exceptional value just a few blocks from The University of Akron. Its prime location makes it an attractive option for student housing, with a proven rental history. A previous owner successfully rented the home by the bedroom at approximately $400 per room per month, with tenants sharing the kitchen, bathrooms, living room, and basement. The property was leased as a single-family residence for $1,300 per month. With five generously sized bedrooms, flexible living space, and strong income-producing potential, this property offers multiple investment strategies. Many updates to include new furnace, some newer windows and doors, 2 remodeled bathrooms and newer kitchen. All stainless steel kitchen appliances stay too! Continue using it as a student rental, lease it as a traditional single-family home, or make it your own owner-occupied residence. Conveniently located near campus, downtown Akron, restaurants, shopping, and major highways, this is an opportunity you won't want to miss!

Location

State OH

County Summit

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Appliance Dishwasher, Range, Refrigerator

Exterior

Parking Features No Garage, Unpaved

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Story 3

Sewer Public Sewer

Water Public

Architectural Style Colonial, Conventional

Level or Stories Three Or More

Schools

School District Akron Csd - 7701

Others

Tax ID 6736893

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Jodi L Mignano • Keller Williams Chervenic Rlty • jodi@mignanos.com, 330-338-9047