559 E Exchange St, Akron, OH, 44306
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!
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1906
Materials
- Roof: Asphalt,Fiberglass
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial,Conventional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Range,Refrigerator
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedroom
- Level: Second
- Dimensions: ND x ND
Bedroom
- Level: Second
- Dimensions: ND x ND
Bedroom
- Level: Second
- Dimensions: ND x ND
Bedroom
- Level: Third
- Dimensions: ND x ND
Bedroom
- Level: Second
- Dimensions: ND x ND
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Bonus Room
- Level: First
- Dimensions: ND x ND
Dining Room
- Level: First
- Dimensions: ND x ND
Features
- Finished area below ground: 0
- Finished area above ground: 1,594
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: None
Interior Area
- Total structure area: 1,594
- Total interior livable area: 1,594 sqft
Kitchen
- Level: First
- Dimensions: ND x ND
Living Room
- Level: First
- Dimensions: ND x ND
Property
Details
- Parcel number: 6736893
Features
- Levels: Three Or More
- Stories: 3
Lot
- Lot size: 2,609 sqft
Parking
- Parking features: No Garage,Unpaved
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Strong Wind
- Winter Weather
- Inland Flooding
- Ice Storm
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $581 | $6,972 |
| Home Insurance * | $123 | $1,476 |
| Property Taxes | $142 | $1,704 |
| Electricity | $193 | $2,320 |
| Total | $1,039 | $12,468 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-17 | Price change | $90,000 |
| 2026-08-09 | Price change | $97,500 |
| 2026-08-06 | Price change | $99,900 |
| 2026-07-31 | Price change | $115,000 |
| 2026-07-25 | Price change | $119,900 |
| 2026-07-23 | Listed for sale | $125,000 |
| 2025-02-04 | Listing removed | $1,100 |
| 2025-01-18 | Price change | $1,100 |
| 2024-12-05 | Listed for rent | $1,200 |
| 2024-09-13 | Listing removed | $1,300 |
| 2024-06-24 | Price change | $1,300 |
| 2024-04-01 | Listed for rent | $1,500 |
| 2023-06-20 | Sold | $43,000 |
| 2023-05-24 | Pending sale | $49,900 |
| 2023-05-23 | Price change | $49,900 |
| 2023-05-03 | Price change | $54,900 |
| 2023-04-19 | Price change | $64,900 |
| 2023-04-06 | Listed for sale | $69,900 |
| 2022-11-14 | Listing removed | -- |
| 2022-07-22 | Price change | $64,900 |
| 2022-06-16 | Listed for sale | $69,900 |
| 2021-02-25 | Listing removed | -- |
| 2020-10-22 | Sold | $40,000 |
| 2020-09-27 | Pending sale | $49,500 |
| 2020-09-09 | Price change | $49,500 |
| 2020-03-09 | Sold | $32,500 |
| 2007-03-20 | Sold | $15,000 |
| 2006-09-21 | Sold | $15,000 |
| 2002-05-06 | Sold | $2,950 |
| 1995-10-27 | Sold | $39,900 |
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