506 E 183rd Street, Bronx, NY 10458
Local realty services provided by:CENTURY 21 Alliance Realty Group
506 E 183rd Street,Bronx, NY 10458
$850,000
- 7 Beds
- 3 Baths
- 2,112 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Apr 1912:00 pm - 04:00 pm
- Sun, Apr 2612:00 pm - 04:00 pm
Listed by: eyal sagi
Office: ww realty group inc
MLS#:974337
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 #:974337
- Added:644 day(s) ago
- Updated:April 17, 2026 at 10:42 AM
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
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 Sun, 12am to 1:30pmNew
$625,000Active2 beds 3 baths1,194 sq. ft.3585 Greystone Avenue #3E, Bronx, NY 10463
MLS# 986620Listed by: DOUGLAS ELLIMAN REAL ESTATE - New
$168,053Active2 beds 1 baths850 sq. ft.80 Knolls Crescent #6B, Bronx, NY 10463
MLS# 986609Listed by: HOWARD HANNA RAND REALTY - New
$645,000Active2 beds 2 baths1,260 sq. ft.1281 Union Avenue, Bronx, NY 10459
MLS# RLS20084893Listed by: CORCORAN GROUP - New
$850,000Active5 beds 3 baths1,726 sq. ft.219 E 238th Street, Bronx, NY 10470
MLS# 940603Listed by: WW REALTY GROUP INC - New
$889,000Active6 beds 3 baths1,960 sq. ft.1619 Edison Avenue, Bronx, NY 10461
MLS# 980658Listed by: CENTURY 21 KAFCOS REALTY - Open Sat, 12 to 3pmNew
$879,000Active4 beds 3 baths1,944 sq. ft.1042 E 233rd Street, Bronx, NY 10466
MLS# 984882Listed by: YOURHOMESOLD GUARANTEED REALTY - New
$675,000Active3 beds 2 baths1,224 sq. ft.2009 Chatterton Avenue, Bronx, NY 10472
MLS# 986376Listed by: DEBFAM REALTY INC - New
$875,000Active-- beds -- baths2,066 sq. ft.3324 Barker Avenue, Bronx, NY 10467
MLS# 986160Listed by: YOURHOMESOLD GUARANTEED REALTY - New
$1,100,000Active4 beds 4 baths2,000 sq. ft.206-208 Balcom Avenue, Bronx, NY 10465
MLS# 986330Listed by: EXP REALTY - Open Sat, 12 to 3pmNew
$699,000Active3 beds 2 baths1,330 sq. ft.635 Revere Avenue, Bronx, NY 10465
MLS# 985393Listed by: HOWARD HANNA RAND REALTY