506 E 183rd Street, Bronx, NY 10458
Local realty services provided by:Better Homes and Gardens Real Estate Green Team
506 E 183rd Street,Bronx, NY 10458
$850,000
- 7 Beds
- 3 Baths
- 2,112 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, May 3112:00 pm - 04:00 pm
- Sun, Jun 0712:00 pm - 04:00 pm
- Sun, Jun 1412:00 pm - 04:00 pm
- Sun, Jun 2112:00 pm - 04:00 pm
Listed by: eyal sagi
Office: ww realty group inc
MLS#:1002778
Source:OneKey MLS
Price summary
- Price:$850,000
- Price per sq. ft.:$402.46
About this home
Welcome to 506 E 183rd Street, an exceptional, fully renovated legal 2-unit home offering a prime investment opportunity in the heart of the South Bronx. This meticulously updated property is ideal for investors looking to expand their portfolio or owner-occupants seeking strong rental income potential.
The upper level features a spacious 5-bedroom, 2-bathroom duplex, thoughtfully redesigned for modern living. The residence showcases luxurious finishes and contemporary design throughout. The modern kitchen offers sleek countertops, high-end stainless steel appliances, and ample storage, making it perfect for everyday living and entertaining. Elegant bathrooms feature stylish fixtures and beautiful tilework, creating a spa-like atmosphere. The expansive layout provides generous shared living areas while maintaining comfort and privacy.
The lower level includes a separate 2-bedroom, 1-bathroom walk-in unit with its own private entrance. This unit offers excellent flexibility and can be used as an income-producing rental, guest accommodations, or additional living space—significantly enhancing the property’s overall value while maintaining privacy for both units.
Located in a thriving South Bronx neighborhood undergoing rapid growth and revitalization, 506 E 183rd Street is conveniently close to major transportation, shopping, dining, parks, and schools, making it highly attractive to both residents and tenants.
Income & Investment Potential -
Based on current South Bronx rental trends, the property offers strong cash-flow potential. The 5-bedroom upper duplex is estimated to generate approximately $3,000–$4,000 per month, while the 2-bedroom lower unit may generate approximately $3,200–$3,800 per month, for a total estimated monthly income of $6,200–$7,800 (approximately $74,000–$94,000 annually).
This makes 506 E 183rd Street an ideal opportunity for buyers looking to live in one unit while renting the other to offset expenses or generate profit, as well as investors seeking a strong income-producing asset. Our team also offers full rental and tenant-placement services after purchase, helping you transition seamlessly from closing to cash flow....
Contact an agent
Home facts
- Year built:1901
- Listing ID #:1002778
- Added:4 day(s) ago
- Updated:May 25, 2026 at 08:40 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,112 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1901
- Building area:2,112 sq. ft.
- Lot area:0.03 Acres
- Construction Materials:Frame
Schools
- High school:Contact Agent
- Middle school:Call Listing Agent
- Elementary school:Contact Agent
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$402.46
- Tax amount:$3,811 (2024)
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