506 E 183rd Street, Bronx, NY 10458
Local realty services provided by:ERA Insite Realty Services
506 E 183rd Street,Bronx, NY 10458
$850,000
- 7 Beds
- 3 Baths
- 2,112 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Feb 2212:00 pm - 04:00 pm
Listed by: eyal sagi
Office: ww realty group inc
MLS#:952770
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 #:952770
- Added:584 day(s) ago
- Updated:February 15, 2026 at 09:41 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
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$402.46
- Tax amount:$3,811 (2024)
New listings near 506 E 183rd Street
- Open Sat, 1 to 3pmNew
$1,135,000Active7 beds 4 baths1,600 sq. ft.2248 Haviland Avenue, Bronx, NY 10462
MLS# 961759Listed by: EXIT REALTY DKC - Open Sun, 11am to 12pmNew
$215,000Active1 beds 1 baths700 sq. ft.640 W 231st Street #7E, Bronx, NY 10463
MLS# 961769Listed by: SOTHEBY'S INTERNATIONAL REALTY - Open Mon, 4am to 5pmNew
$195,000Active2 beds 1 baths850 sq. ft.1966 Newbold Avenue #1109, Bronx, NY 10472
MLS# 930866Listed by: KELLER WILLIAMS REALTY NYC GRP - New
$375,000Active3 beds 2 baths1,600 sq. ft.2835 Webb Avenue #6C, Bronx, NY 10468
MLS# 961625Listed by: EXP REALTY - New
$310,000Active3 beds 2 baths1,100 sq. ft.1430 Thieriot Avenue #5L, Bronx, NY 10460
MLS# 958640Listed by: DIANA ALVARADO MILONE INC. - New
$1,100,000Active-- beds -- baths2,500 sq. ft.1837 Victor Street, Bronx, NY 10462
MLS# 961640Listed by: ESSENTIAL REALTY GROUP LLC - New
$307,000Active2 beds 2 baths1,068 sq. ft.3636 Greystone Ave #3L, Bronx, NY 10463
MLS# 961523Listed by: KELLER WILLIAMS REALTY GROUP - New
$569,000Active2 beds 1 baths1,866 sq. ft.2415 St Raymonds Avenue, Bronx, NY 10461
MLS# 959812Listed by: RE/MAX DISTINGUISHED HMS.&PROP - Coming Soon
$1,150,000Coming Soon-- beds -- baths738 E 219th Street, Bronx, NY 10467
MLS# 961598Listed by: NUVIA REALTY LLC - New
$888,888Active3 beds 3 baths1,860 sq. ft.2019 Colden Avenue, Bronx, NY 10462
MLS# 961528Listed by: LOCQUBE NEW YORK, INC.