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4-Unit Apartment Building
For Sale
$220,000

555 Bishop St, Akron, OH 44307

Identical two-bedroom apartments feature private kitchens and balconies, with tenants responsible for water service.

Property Size8,316 SF
Price / SF$26.46
Days on Market8

Property Features for 555 Bishop St

General Information

Standard status Active
Size 8,316 SF
Property subtype Multi-Family

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Building Details

Year Built 1920
Listing Agency: Berkshire Hathaway HomeServices Simon & Salhany Realty
Listed By: William Sun · License #2016001565
Source: Groganzeiger
Added: Sep 5 Last Checked: Sep 11 at 1:51PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Simon & Salhany Realty

Investment Insights

Based on property information with market context.

This 8,316-square-foot apartment property contains four matching units. Each residence includes two bedrooms, one bathroom, a kitchen, and a balcony, creating a consistent layout across the building. Completed in 1920, the property offers an established multifamily configuration with four residential units.

The owner currently covers trash service and hallway lighting, while tenants handle water and other responsibilities. The property is located in Akron near the Akron Zoo and is surrounded by newer housing development.

Key Highlights

  • Four‑unit apartment property with 8,316 SF
  • Each unit includes 2 bedrooms, 1 bath, a kitchen, and a balcony
  • All four apartments share the same layout

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon Electrical Service Kitchen & Bath Showroom Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,172
Businesses Nearby

Demographics for 44307, OH

6,959
Population
3,488
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
3,480
Density / Sq Mi
$28,802
Median Household Income
$25,668
Median Earnings
$802
Median Rent
$75,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Identical two-bedroom apartments feature private kitchens and balconies, with tenants responsible for water service.
Where is this quadplex located?
The property is located at 555 Bishop St Akron, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Four‑unit apartment property with 8,316 SF; Each unit includes 2 bedrooms, 1 bath, a kitchen, and a balcony; All four apartments share the same layout
More about this property
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