53-57 E Exchange Street, Akron, OH 44308

$300,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$300,000
List Price
$450,000
Status
CLOSED
Days on Market
148
Closing Date
Jul 31, 2026
MLS#
5189854
Subtype
Commercial Sale
Year Built
1915
Acres
0.11
Subdivision
South Akron Allotment
Neighborhood
South Akron Allotment
MLS Area Major
Akron

Property Description

Prime Investment Opportunity – Mixed-Use Commercial Property with Strong Upside Potential! Don’t miss this exceptional mixed-use building featuring 7 residential row apartments (6 occupied and 1 vacant) and 3 commercial storefront units (2 Vacant/1 occupied, offering immediate income with significant value-add opportunity. Seller is currently collecting $3180/mo in rent monthly! This well-positioned property provides a versatile investment opportunity for both seasoned investors and those looking to expand their portfolio. The residential component includes 5 currently rented apartments, generating steady cash flow, with 1 vacant unit ready for lease or owner occupancy. The remaining apartment offers additional flexibility depending on your strategy. The commercial portion consists of 3 storefront units, with 1 currently occupied and 2 vacant spaces, presenting an excellent opportunity to increase rental income and boost overall returns. With multiple income streams and vacancy upside, this property is ideal for investors seeking to stabilize and maximize value through strategic leasing. The mix of residential and commercial tenants provides built-in diversification and long-term growth potential. Whether you’re looking to expand your portfolio, reposition an asset, or secure a multi-unit property with income already in place, this mixed-use building delivers opportunity and flexibility. Schedule your private showing today and explore the possibilities this investment property has to offer!

Additional Information

Taxes
$4,510
Zoning
Commercial
Heating
Gas, Radiant
Air Conditioning
None, Wall/Window Unit(s)
Roof
Asphalt, Fiberglass
Foundation
Basement, Block
Parking Features
None
School District
Akron CSD - 7701

Listing Courtesy of: Amanda Mercier, amercier@amhghomes.com With EXP Realty, LLC.

Selling Office: Keller Williams Chervenic Rlty.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 MLS Now. All Rights Reserved.