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506 E 183rd Street

Bronx, NY 10458
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Bed 7

Bed

Bath 3

Bath

Acres0.03

Acre(Lot)

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 livi ng 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $850,000

AD Id : 79048846

MLS Id : 1002778

Beds : 7

Lot Size : 0.03 Acre

Year Built : 1901

County : Bronx

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 3 Full Baths: 3
  • Interior Features

    Other
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Other Cooling: None

  • Building Information

    Year Built: 1901 Building Area Total: 2112 Construction Materials: Frame Private Pool: No

  • Lot Information

    Lot Dimensions: 16 x 82.25 Lot Size Acres: 0.0302 Lot Size Square Feet: 1316

  • Listing Price Information

    Listing Price: $850000

  • Tax Information

    Parcel Number: 03050-0064 Annual Tax: $3811.36

  • School Information

    Elementary School: Contact Agent
    Junior High School: Call Listing Agent
    Senior High School: Contact Agent
  • Utility Information

    None
  • Location Information

    WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/04/2026 @ 19:08

MLS: 1002778 LISTED BY: Eyal Sagi, WW Realty Group Inc 917-319-8892 SOURCE: OneKey MLS

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