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$300,000
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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!
Full Property Details
Full Property Details for 53-57 E Exchange St
General
- Sold For: $300,000
- Taxes: $4,510 (2025)
- Status: Closed
- Type: Commercial Service
- Source: 505
- MLS ID: 5189854
- Added to Site: 150 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Commercial
Parking
- Parking Features: None
Location
- County: Summit
- Township: Akron
- Subdivision: South Akron Allotment
- Driving Directions: 77N to Broadway St to Downtown. Once Downtown you will want to go to Exit 22/ Broadway St to University of Akron Location and then turn on E Exchange St.
School Information
- Elem School District: Akron CSD - 7701
- Midd School District: Akron CSD - 7701
- High School District: Akron CSD - 7701
Heating & Cooling
- Cooling Type: None, Wall/Window Unit(s)
- Heating Type: Gas, Radiant
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Basement Desc.: Full, Unfinished, Walk-Out Access
- Roof: Asphalt, Fiberglass
- Year Built: 1915
- Year Built Source: Assessor
- Other Struct. Feat.: Private Restrooms
Lot Features
- Lot Size (Acres): 0.1051
- Lot Size: .1051
- Lot Size Source: Assessor
- Zoning: Commercial
- Fencing (Description): None
Financial Considerations
- Tax Amount: $4,510
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: S AKRON LOT 132 SW 18.5X54FT OT 133 W 54FT
- Property ID: 6702029
Listed by EXP Realty, LLC., Amanda Mercier
Sold by Keller Williams Chervenic Rlty, Aimee Neiman
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Schools
Schools serving 53-57 E Exchange St
School District:Akron Public Schools
| Name | Grades | Distance |
|---|---|---|
Leggett Community Learning Center 333 East Thornton Street, Akron, OH 44311 | K-5 | 0.7 mi |
North High School, Akron, OH 985 Gorge Boulevard, Akron, OH 44310 | 9-12 | 2.3 mi |
Jennings Community Learning Center 227 East Tallmadge Avenue, Akron, OH 44310 | 6-8 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 53-57 E Exchange St
Date
Details
Price
Change
Source
7/31/2026
Sold
$300,000
-33.33%
MLS
3/05/2026
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
53-57 E Exchange Street, Akron, OH 44308 (MLS# 5189854) is a Commercial Service property that was sold at $300,000 on July 31, 2026. Want to learn more about 53-57 E Exchange Street? Do you have questions about finding other Commercial Service real estate for sale in Akron? You can browse all Akron real estate or contact a Coldwell Banker agent to request more information.

