BEDS7
BATHS3 full
MLS#1035106
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLContact Agent
Property Description
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 & LayoutConfiguration: 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 HighlightsIncome 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 LocationStrategically 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Heating: Electric, Other
Home Style: Other
Lot Size: 0.03 Acres
Taxes: $3,811
Year Built: 1901
Amenities
Other
Feature Descriptions
Building Area Total: 2112
Days on Site: 19
Exterior: Frame
Lot Dimensions: 16 x 82.25
On Market Date: 2026-08-19
Parcel Number: 03050-0064
Parking Features: Other
Rental Term: Monthly
Sewer: Public Sewer
Units: 2
Utilities: None
Water: Public
Local Schools
High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent
Listed By / Shown By
Listing By
Agency Name: WW Realty Group Inc
Agency Phone: 917-319-8892
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 2,457.23 per month $1,891.73 Principal & Interest $317.58 Property Tax $247.92 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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506 E 183rd Street | MLS# 1035106
This multi-family property located at 506 E 183rd Street, Bronx, NY 10458 is currently listed for sale with an asking price of $850,000. E 183rd Street is located within the Contact Agent school district. Search Bronx real estate on www.coldwellbankerchoice.com today.