506 183Rd St, Bronx, NY

House

For Sale

Listed price in listed location currency (USD).

$850,000

730

MLS® 974337

Open House

Sun Apr 19, 8:00 PM - 12:00 AM UTCSun Apr 26, 8:00 PM - 12:00 AM UTCSun Apr 12, 8:00 PM - 12:00 AM UTC

Overview

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage

Taxes $3,811

Days Active 17

Lot Size

Approx. Age 1901

MLS® Number 974337

Property Address: 506 183rd St, Bronx, NY, 10458-7904

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number974337

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1901

Basement

DrivewayOther

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 20, 2026List Date

$850,000List Price

Mar 5, 2024End Date

$487,700Sold Price

Sold

Nov 27, 2024List Date

$469,900List Price

Map

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