About This Home
This 5-bedroom, 2-bathroom single family at 559 E Exchange Street in Akron, OH is listed for $115,000 ($86 per sqft). Built in 1906, the home offers 1,344 sqft of living space on a 0.06 acres lot.
Key Features
- Built in 1906
- 0.06 acre lot
- 3 stories
Property Details
Amenities
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 HVAC, 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!
Monthly Cost Estimate
$615/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
559 E Exchange Street
Akron, OH 44306
Rubber Workers
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 5-bedroom, 2-bathroom single family at 559 E Exchange Street is listed at $115,000 ($86/sqft). The estimated monthly payment is $616 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1906, 0.06 acre lot, 3 stories.
This property is listed by Jodi L Mignano and can be reached at 3303389047.






