Active

506 E 183rd Street

Bronx, NY 10458
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Bed 7

Bed

Bath 3

Bath

Acres0.03

Acre(Lot)

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 w ith 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $850,000

AD Id : 89145587

MLS Id : 1035106

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 08/18/2026 @ 20:47

MLS: 1035106 LISTED BY: Eyal Sagi, WW Realty Group Inc 917-319-8892 SOURCE: OneKey MLS

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