559 E Exchange Street, Akron, OH 44306

• 5 beds |
• 2 baths |
• 1,594 sqft

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!

Listing Status:

Active

Data Last Updated:

August 20, 2026 at 7:19AM

Listing Office:

Keller Williams Chervenic Rlty : 330-686-1644

Listing Agent:

Jodi L Mignano : 330-338-9047

Contact:

jodi@mignanos.com, 330-338-9047

MLS ID:

5235100

Interior

• Appliances: DishwasherRangeRefrigerator
• Basement: FullUnfinished
• A/C: None
• Heating: Forced AirGas
• Fireplace: Fireplaces: 0

Exterior

• Style: ColonialConventional
• Parking: No GarageUnpaved

Construction

• Roofing: AsphaltFiberglass
• General: Vinyl Siding3

Location

• Originating MLS: NOWDD_NORM
• School District: Akron CSD - 7701
• County: Summit

Lot

• Zoning: SV-RUBBER WORKERS LOT 6 SW PT LESS PT FOR ST6736893

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM