506 E 183rd Street, Bronx, NY 10458
Local realty services provided by:CENTURY 21 Elite Realty
506 E 183rd Street,Bronx, NY 10458
$850,000
- 7 Beds
- 3 Baths
- 2,112 sq. ft.
- Multi-family
- Active
Listed by: eyal sagi
Office: ww realty group inc
MLS#:1050967
Source:OneKey MLS
Price summary
- Price:$850,000
- Price per sq. ft.:$402.46
About this home
Presenting a meticulously renovated, legal 2-family residence situated at 506 E 183rd Street in the rapidly evolving South Bronx. Engineered for contemporary living, modern efficiency, and strong cash flow, this turnkey property delivers a standout investment and residential opportunity in one of the borough's most active markets.
Interior Features & Layout
Configuration: A total of seven bedrooms and three bathrooms across two separate, fully updated units.
Upper Residence: A spacious 5-bedroom, 2-bathroom duplex featuring an open-concept flow, abundant natural light, and a modern kitchen equipped with sleek countertops, premium stainless steel appliances, and upgraded bathrooms with elegant tilework and stylish fixtures.
Lower Residence: A separate 2-bedroom, 1-bathroom walk-in unit with its own private entrance, offering exceptional flexibility for extended family arrangements or rental income generation.
Financial & Investment Highlights
Income Potential: Estimated monthly rental income ranges from $3,000 to $4,000 for the upper duplex and $3,200 to $3,800 for the lower unit.
Monthly & Annual Projections: Combined projected gross monthly income between $6,200 and $7,800, translating to an estimated annual revenue between $74,000 and $94,000.
Strategy: Ideal for an owner-occupant seeking rental income support or an investor looking for a fully stabilized, low-maintenance asset.
Prime Location
Strategically positioned on a well-connected block benefiting from ongoing neighborhood development, offering close proximity to subway lines, bus routes, local schools, grocery stores, restaurants, and parks for a seamless commute into Manhattan and surrounding boroughs.
Professional representation and post-closing rental management and tenant-placement services available to ensure smooth transition and immediate cash flow optimization....
Contact an agent
Home facts
- Year built:1901
- Listing ID #:1050967
- Added:27 day(s) ago
- Updated:October 13, 2026 at 11:21 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
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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