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4-Unit Apartment Building
For Sale
$220,000

555 Bishop Street, Akron, OH 44307

Identical apartments offer kitchens, balconies, and tenant-paid water service, with ownership covering trash and hallway lighting.

Property Size8,316 SF
Days on Market68

Property Features for 555 Bishop Street

General Information

Standard status Active
Size 8,316 SF
Property subtype Residential Income

Units

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

Taxes and HOA fees

Annual Taxes $2,179

Building Details

Building Size 8,316 SF
Year Built 1920
Buildings 1
Stories 2
Listing Agency: Berkshire Hathaway HomeServices Simon & Salhany Realty
Listed By: William Sun · License #2016001565
Source: Carolgoffrealestate
Added: Jun 24 Changed: Aug 27 Last Checked: Aug 28 at 11:31AM

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.

Built in 1920, this quadplex contains four matching apartments. Each unit includes two bedrooms, one bathroom, a kitchen, and a balcony, creating a consistent layout throughout the building.

Operating responsibilities are divided between ownership and residents: the owner pays for trash service and hallway lighting, while tenants handle water. The property has access from the Akron Zoo and is surrounded by new housing development.

Key Highlights

  • Four‑unit quadplex built in 1920
  • Each apartment has 2 bedrooms, 1 bath, a kitchen, and a balcony
  • All four units share an identical layout

Property Analytics

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

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 apartments offer kitchens, balconies, and tenant-paid water service, with ownership covering trash and hallway lighting.
Where is this quadplex located?
The property is located at 555 Bishop Street 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 quadplex built in 1920; Each apartment has 2 bedrooms, 1 bath, a kitchen, and a balcony; All four units share an identical layout
More about this property
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