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Four-Unit Apartment Building
For Sale
$220,000

555 Bishop Street, Akron, OH 44307

ResidentialIncome, Akron, OH

Property Size8,316 SF
Lot Size0.06 Acres
Price / SF$26.46
Days on Market101

Property Features for 555 Bishop Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 7, Bedroom 8, Basement, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 5
Parking features On Street, Alley
Interior features CeilingFans
Exterior features Balcony, Dock
Appliances Range, Refrigerator
Subdivision Perkins Brockway
View City
Elementary school district Akron CSD - 7701
Middle school district Akron CSD - 7701
High school district Akron CSD - 7701
Directions Rand Ave to Monroe St. Turn Right on Rhodes Ave. left onto Bishop St.
Special listing conditions In Foreclosure
Standard status Active
APN 6745513
Size 8,316 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description P BLK 49 LOT 1 N 43.69FT OF W 63FT
Tax Annual Amount 2179
Legal Description P BLK 49 LOT 1 N 43.69FT OF W 63FT

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Amenities

balcony

Building Details

Year built 1920
Floors in Building 2
Building materials VinylSiding
Roof type Flat
Listing Agency: Berkshire Hathaway HomeServices Simon & Salhany Realty
Listed By: William Sun · License #2016001565
Added: Jun 24 Changed: Sep 14 Last Checked: Oct 2 at 8:06PM
MLS# 5220676

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-unit apartment property contains 8,316 square feet, with all residences arranged in the same configuration. Each apartment includes two bedrooms, one bathroom, a kitchen, and a balcony. Range appliances, refrigerators, ceiling fans, vinyl siding, natural-gas heat, a flat roof, and a basement are among the existing features. The building was constructed in 1920 on a 0.0636-acre lot.

Located in Akron, the property has access from the area near the Akron Zoo and is surrounded by newly developed housing. Public water and public sewer serve the building. Parking is available on the street and in the alley. Ownership responsibility for ongoing utilities is limited to trash service and hallway lighting, while tenants handle water and other utilities.

Key Highlights

  • Four‑unit apartment property with 8,316 square feet
  • Each apartment offers 2 bedrooms, 1 bathroom, a kitchen, and a balcony
  • Built in 1920 on a 0.0636‑acre lot

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 - Quadplex with matching apartments, private balconies, and tenant-paid water service.
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 apartment property with 8,316 square feet; Each apartment offers 2 bedrooms, 1 bathroom, a kitchen, and a balcony; Built in 1920 on a 0.0636‑acre lot
More about this property
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