Property Description

Beautifully Renovated 3-Story Colonial Perfect for a New Homeowner or Savvy Investor! This move-in ready 4-bedroom colonial blends classic charm with modern updates?ideal for comfortable living or strong rental income potential. A brand-new roof (2025) adds lasting value and peace of mind. Step up to the inviting covered front porch, perfect for morning coffee or relaxing evenings. Inside, you'll find a completely refreshed interior featuring a modern kitchen with new cabinetry, ample counter space, a stainless-steel sink, and a stylish decorative faucet. The bright breakfast room offers a cozy spot for casual meals, while the formal dining room and spacious living room make entertaining effortless. Upstairs, enjoy three comfortable bedrooms and a brand-new full bath with contemporary finishes. The finished third floor adds versatility - ideal as a 4th bedroom, home office, guest suite, or creative studio. With newer windows and doors throughout plus new furnace and hot water tank, this home offers improved energy efficiency and lasting comfort. Situated in an area experiencing exciting revitalization, this property is a smart investment for today and tomorrow?whether you're looking to move in or build your rental portfolio. Don't miss your chance to own this turnkey gem?schedule your showing today! Please NO wholesaling, assignments or seller/creative financing.

198 Lake Street | MLS# 5168483

This single family home located at 198 Lake Street, Akron, OH 44301 is currently listed for sale with an asking price of $115,000. This property was built in 1915 and has 4 bedrooms and 1 full baths with 1364 sq. ft. Lake Street is located in the Bruch Allotment subdivision within the Akron City school district. Search Bruch Allotment real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family

Basement: Full, Unfinished

Basement: Yes

Cooling: None

Days on Market: 106

Heating: Forced Air, Gas

Home Style: Colonial

Lot Size: 0.07 Acres

Roof Type: Asphalt, Fiberglass

Stories: 3.0

Taxes: $771 / year

Year Built: 1915

Feature Descriptions

Exterior: Vinyl Siding

Fencing: Wood

Fireplace: None

Laundry: In Bathroom

Lot: City Lot, Sloped, Wooded

Parcel#: 6738123

Parking: Driveway, No Garage, Paved

Patio/Porch: Porch

Sewer: Public Sewer

Water: Public

Room Sizes

Bonus Room: 13 X 10 Level - Third

Other: 10 X 8 Level - First

Bedroom: 11 X 10 Level - Third

Bedroom: 10 X 10 Level - Second

Primary Bedroom: 10 X 10 Level - Second

Dining Room: 14 X 10 Level - First

Kitchen: 10 X 10 Level - First

Living Room: 19 X 11 Level - First

Local Schools

School District: Akron City

Market Trends

Summit County Residential Market Trend Graphs

Zip Code 44301

Source: Delta Media Group, Inc.

Demographics

Summit County Demographic Information for 198 Lake Street, Akron, OH 44301

Fips

Fips Code 39153

Population

2020 to 2023 Change down 0.9%

2010 Count 541,781

2020 Count 540,428

2023 Estimate (V2023) 535,733

2020 Estimate (V2023) 540,429

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.5%

18 to 64 54.6%

65 and Older 19.7%

Gender

Male 48.8%

Female 51.2%

Place of Birth

Foreign 5.5%

US 94.5%

Education

High School Graduate, Age 25+ 92.5%

Bachelor's Degree or Higher, Age 25+ 34.6%

Computer and Internet use

Households with a computer 93.6%

Households with a broadband Internet subscription 89.4%

Language

English is Second Language, Age 5+ 6.8%

English is First Language, Age 5+ 93.2%

Veterans

Veterans 27,960

Income

Per Capita Income $40,786

Median Household Income $68,360

People in Poverty 12.6%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 247,173

Households 228,635

Average Household Size 2.32

Owner-Occupied 66.9%

Multi-Family 22.4%

Owner-Occupied Median Value $182,500

Median selected monthly owner costs -with a mortgage $1,405

Median selected monthly owner costs -without a mortgage $562

Median gross rent $956

Building Permits

New Private Housing Issued 2023 685

Years at Residence

1 Year or More 87.9%

Less Than 1 Year 12.1%

Business and Employment

Private non-farm Establishments 13,393

Private non-farm Employment 241,278

Private non-farm Employment Growth down 0.8%

Nonemployer Establishments 42,765

Number of Firms 48,524

Business Production

Value of Shipments $9,410,730,000

Wholesale Trade $9,120,214,000

Retail Trade $8,582,177,000

Retail Sales Per Capita $15,606

Accommodation and Food Services $1,190,062,000

Land

Land Area 412.75 sq. miles

Population Per Square Mile 1,313

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 658.88 per month $561.09 Principal & Interest $64.25 Property Tax $33.54 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/15/2026. The listing information on this page last changed on 03/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 03/15/2026 10:47:11 AM EST) or Dayton MLS (last updated Sun 03/15/2026 10:46:37 AM EST) or CBRMLS (last updated Sun 03/15/2026 10:45:19 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Sun 03/15/2026 10:42:43 AM EST) or NKY MLS (last updated Sun 03/15/2026 10:39:07 AM EST) or Wrist MLS (last updated Sun 03/15/2026 10:44:37 AM EST) or Firelands MLS (last updated Sun 03/15/2026 10:11:27 AM EST) or MLS NOW (last updated Sun 03/15/2026 10:44:13 AM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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198 Lake StreetAkron, OH 44301