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Three-Story Office Building
New
For Sale
$275,000

631 W Exchange Street, Akron, OH 44302

ResidentialIncome, Akron, OH

Property Size3,300 SF
Lot Size0.30 Acres
Price / SF$83.28
Days on Market2

Property Features for 631 W Exchange Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Half bathrooms 3
Rooms Bathroom 1, Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 6, Bedroom 8, Basement, Bedroom 5, Bathroom 2
Parking features Parking Lot
Lot features City Lot
Elementary school district Akron CSD - 7701
Middle school district Akron CSD - 7701
High school district Akron CSD - 7701
Directions West on Exchange Street from downtown. Property on the right (north side) of Exchange
Standard status Active
APN 6827838
Size 3,302 SF
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description TR 7 N OF EXCHANGE ST .300A
Tax Annual Amount 7955
Legal Description TR 7 N OF EXCHANGE ST .300A

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air, Electric
Water source Public

Building Details

Year built 1907
Floors in Building 3
Building materials WoodSiding
Roof type Fiberglass, Asphalt
Listing Agency: RE/MAX Edge Realty · RE/MAX International
Listed By: Brent E Karlen · License #442887
Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 8:06AM
MLS# 5255175

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.

Rey
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Investment Insights

Based on property information with market context.

The 3,302-square-foot property is arranged across three floors currently used as commercial office space. Each floor has a private entrance, separate utilities, its own furnace and central air unit, and a half bath. A neighboring vacant lot measuring 50 by 115 feet is included.

The property is zoned residential and has a conditional use permit for its current office use. Multi-family use would require conditional use approval. The building was constructed in 1907 and has public water and sewer.

Key Highlights

  • 3,302 square feet across three floors
  • Separate entrance, utilities, furnace, and central air unit on each floor
  • One half bath on each floor

Property Analytics

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Current Use

Minx Design Marketing & Advertising Buzzi Legal Group Law Firm

Suggested Use

Top Pick Real Estate Agency HVAC Service Grocery & Convenience Store Bakery Accounting Firm Electrical Service

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

836
Businesses Nearby

Demographics for 44302, OH

4,661
Population
3,011
Households
1.5
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
5,179
Density / Sq Mi
$45,323
Median Household Income
$37,989
Median Earnings
$758
Median Rent
$112,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Each level has a separate entrance, utilities, furnace, and central air unit.
Where is this office building located?
The property is located at 631 W Exchange Street Akron, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 3,302 square feet across three floors; Separate entrance, utilities, furnace, and central air unit on each floor; One half bath on each floor
More about this property
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