SingleFamilyResidence at 559 E Exchange Street, Akron
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18 photos

$90,000

559 E Exchange Street
Akron, OH 44306
Listed by Jodi L Mignano · Keller Williams Chervenic Rlty
Bedrooms
5
Bathrooms
2
Living area
1,594 sqft
Year built
1906

About this home

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!

Property details

MLS #
5235100
Property type
SingleFamilyResidence
Subdivision
Rubber Workers
Status
Active
Days on market
8
On market date
August 9, 2026
Stories
3
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.0599 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Mason Community Learning Center
0.29 mi away · Grades 0-6
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
217
Student:teacher ratio
8.7:1
District
Akron City
Middle
National Inventors Hall of Fame School Center for STEM
0.62 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
381
Student:teacher ratio
14.1:1
District
Akron City
High
Akron STEM High School
0.65 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
327
Student:teacher ratio
14.9:1
District
Akron City

Walkability

Blended score for Akron's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

72
Walkable
out of 100
EPA National Walkability Index
10.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores8
Parks11
Schools16
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Akron, from live MLS data.

On the market 8 days -- 42 fewer days than Akron's current average of 50 days.
For reference, the median list price across 806 active listings in Akron right now is $129,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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/mo
Est. monthly payment
$692/mo
$18,000 down
$72,000 loan
Principal & interest$467
Property tax (est.)$75
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated August 17, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.