506 E 183rd St
Bronx, NY 10458
East Tremont
7 Beds
3 Baths
2,112 sqft
7 Beds
3 Baths
2,112 sqft
Local Information
- Map ViewExplore the area around 506 E 183rd St.
- Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
- Shop & Eat
-- mins to
Description
Welcome to 506 E 183rd Street, a fully renovated legal two-unit residence offering a standout investment opportunity in the rapidly evolving South Bronx. Thoughtfully redesigned from top to bottom, this property combines modern finishes, functional layouts, and strong income-producing potential, making it an excellent choice for both investors and end users seeking long-term value.
The upper residence is a spacious five-bedroom, two-bathroom duplex that has been completely updated to reflect contemporary living standards. The layout offers an open and comfortable flow, with generously sized bedrooms and well-proportioned common areas that allow for both relaxation and everyday functionality. The kitchen is equipped with modern cabinetry, sleek countertops, stainless steel appliances, and ample storage space, creating a clean and efficient cooking environment suited for both daily use and entertaining. Bathrooms throughout the unit have been upgraded with elegant tilework, stylish fixtures, and a refined design that enhances the overall feel of the home. Large windows throughout the space bring in abundant natural light, adding warmth and brightness to each level.
The lower level features a separate two-bedroom, one-bathroom walk-in unit with its own private entrance, offering a high level of flexibility. This additional residence can serve multiple purposes, including rental income generation, extended living arrangements, or guest accommodations, depending on the owner’s needs. The separation between units enhances privacy while maximizing the property’s overall functionality and investment appeal.
Located on a well-positioned block in the South Bronx, 506 E 183rd Street benefits from ongoing neighborhood development and strong local demand. The area continues to experience growth driven by new development, infrastructure improvements, and increasing buyer and tenant interest. Residents enjoy close proximity to public transportation options, including subway lines and bus routes, providing easy access to Manhattan and surrounding boroughs. Nearby amenities include schools, grocery stores, restaurants, parks, and neighborhood services, all contributing to strong rental desirability.
From an investment standpoint, this property offers significant income potential based on current market conditions. The five-bedroom upper duplex is estimated to generate approximately $3,000 to $4,000 per month, while the two-bedroom lower unit may generate approximately $3,200 to $3,800 per month. Combined, the projected gross monthly income ranges from approximately $6,200 to $7,800, translating to an estimated annual income between $74,000 and $94,000.
This structure creates a compelling opportunity for an owner to occupy one unit while generating rental income from the other, or to lease both units for maximum return. In addition, the property’s renovated condition reduces immediate capital expenditure needs, allowing for quicker stabilization and income generation.
Whether expanding an investment portfolio or securing a fully updated residence with strong income support, 506 E 183rd Street delivers a rare combination of modern living, strategic location, and financial upside in one of the Bronx’s most active markets. Our team also provides full rental management and tenant placement services after purchase, ensuring a smooth transition from acquisition to consistent cash flow.
The upper residence is a spacious five-bedroom, two-bathroom duplex that has been completely updated to reflect contemporary living standards. The layout offers an open and comfortable flow, with generously sized bedrooms and well-proportioned common areas that allow for both relaxation and everyday functionality. The kitchen is equipped with modern cabinetry, sleek countertops, stainless steel appliances, and ample storage space, creating a clean and efficient cooking environment suited for both daily use and entertaining. Bathrooms throughout the unit have been upgraded with elegant tilework, stylish fixtures, and a refined design that enhances the overall feel of the home. Large windows throughout the space bring in abundant natural light, adding warmth and brightness to each level.
The lower level features a separate two-bedroom, one-bathroom walk-in unit with its own private entrance, offering a high level of flexibility. This additional residence can serve multiple purposes, including rental income generation, extended living arrangements, or guest accommodations, depending on the owner’s needs. The separation between units enhances privacy while maximizing the property’s overall functionality and investment appeal.
Located on a well-positioned block in the South Bronx, 506 E 183rd Street benefits from ongoing neighborhood development and strong local demand. The area continues to experience growth driven by new development, infrastructure improvements, and increasing buyer and tenant interest. Residents enjoy close proximity to public transportation options, including subway lines and bus routes, providing easy access to Manhattan and surrounding boroughs. Nearby amenities include schools, grocery stores, restaurants, parks, and neighborhood services, all contributing to strong rental desirability.
From an investment standpoint, this property offers significant income potential based on current market conditions. The five-bedroom upper duplex is estimated to generate approximately $3,000 to $4,000 per month, while the two-bedroom lower unit may generate approximately $3,200 to $3,800 per month. Combined, the projected gross monthly income ranges from approximately $6,200 to $7,800, translating to an estimated annual income between $74,000 and $94,000.
This structure creates a compelling opportunity for an owner to occupy one unit while generating rental income from the other, or to lease both units for maximum return. In addition, the property’s renovated condition reduces immediate capital expenditure needs, allowing for quicker stabilization and income generation.
Whether expanding an investment portfolio or securing a fully updated residence with strong income support, 506 E 183rd Street delivers a rare combination of modern living, strategic location, and financial upside in one of the Bronx’s most active markets. Our team also provides full rental management and tenant placement services after purchase, ensuring a smooth transition from acquisition to consistent cash flow.
Contact this Building
Open House
Sunday, July 12
11:00 AM to 6:00 PM
Sunday, July 19
11:00 AM to 6:00 PM
Sunday, July 26
11:00 AM to 6:00 PM
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
$402
Listed
8 days ago
Last check for updates: about 14 hours ago
Listing by: WW Realty Group, (917) 319-8892
Chaya Sagi
Source: StreetEasy, MLS#S1836278
Home Details for 506 E 183rd St
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MLS Status: Active |
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Interior Details Number of Rooms: 10 |
Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Dimensions and Layout Living Area: 2112 Square Feet |
Heating & Cooling No Cooling |
Fireplace & Spa No Fireplace |
View No View |
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Parking & Garage No Garage |
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Days on Market: 8 |
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Year Built Year Built: 1901 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
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Price List Price: $850,000Price Per Sqft: $402 |
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Direction & Address City: BronxCommunity: East Tremont |
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Listing Agent Listing ID: S1836278 |
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Building Area Building Area: 2112 Square Feet |
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HOA Fee: No HOA Fee |
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Special Conditions: Resale |
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Mls Number: S1836278Listing Url |
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STREETEASY Property ID: 9705011STREETEASY Building ID: 6442622 |
Market trends in New York
Last updated May 2026
Avg. sale price
$772K
$5KMoM
Sale-to-List Price
97.8%
Price per sq ft
$643
$10MoM
Available listings
18549
515MoM
Price History for 506 E 183rd St
| Date | Price | Event | Source |
|---|---|---|---|
| 12/18/2025 | $850,000 | PriceChange | StreetEasy #S1803813 |
| 04/30/2025 | $780,000 | PriceChange | OneKey® MLS as distributed by MLS GRID #841147 |
| 03/28/2025 | $850,000 | PriceChange | OneKey® MLS as distributed by MLS GRID #841147 |
| 02/25/2025 | $849,999 | PriceChange | StreetEasy #S1755969 |
| 02/07/2025 | $850,000 | PriceChange | OneKey® MLS as distributed by MLS GRID #816944 |
| 11/17/2024 | $875,000 | PriceChange | OneKey® MLS as distributed by MLS GRID #H800349 |
| 10/07/2024 | $799,000 | PriceChange | StreetEasy #1721225 |
| 08/14/2024 | $875,000 | PriceChange | OneKey® MLS as distributed by MLS GRID #H6317866 |
| 06/07/2024 | $899,000 | Listed For Sale | StreetEasy #1721225 |
| 03/28/2024 | $487,700 | Sold | OneKey® MLS as distributed by MLS GRID #H6285219 |
| 03/06/2024 | $469,900 | Pending | OneKey® MLS as distributed by MLS GRID #H6285219 |
| 01/19/2024 | $469,900 | Listed For Sale | OneKey® MLS as distributed by MLS GRID #H6285219 |
| 07/03/2021 | ListingRemoved | OneKey® MLS as distributed by MLS GRID #H6091115 | |
| 05/15/2021 | $479,900 | Listed For Sale | OneKey® MLS as distributed by MLS GRID #H6091115 |
| 01/28/2021 | $0 | ListingRemoved | Auction.com 4 |
| 10/03/2020 | $555,000 | Listed For Sale | Agent Provided |
| 08/16/2019 | $477,134 | Sold | N/A |
| 08/11/2012 | $250,000 | ListingRemoved | Agent Provided |
| 09/20/2011 | $250,000 | Listed For Sale | Agent Provided |
| 09/20/2004 | $330,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $3,848 |
| Assessment | $730,000 |
Home facts updated by county records
Comparable Sales for 506 E 183rd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.23 | Multi-Family Home | $940,000 | 04/23/26 | 8 | 3 | 2,205 | |
0.35 | Multi-Family Home | $637,500 | 07/07/26 | 10 | 3 | 2,900 | |
0.19 | Multi-Family Home | $700,000 | 09/30/25 | 3 | 3 | 1,569 | |
0.35 | Multi-Family Home | $675,000 | 07/16/25 | 4 | 3 | 1,856 | |
0.27 | Multi-Family Home | $860,000 | 03/04/26 | 7 | 2 | 3,300 | |
0.27 | Multi-Family Home | $860,000 | 03/04/26 | 7 | 2 | 3,300 | |
0.51 | Multi-Family Home | $750,000 | 11/19/25 | 6 | 2 | 2,390 | |
0.54 | Multi-Family Home | $800,000 | 11/14/25 | 7 | 2 | 2,448 |
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Get a sense of prices in the area by checking nearby homes.
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Assigned Schools
These are the assigned schools for 506 E 183rd St.
- Jhs 118 William W Niles
- 6-8
- Public
- 470 Students
4/10GreatSchools RatingParent Rating AverageHonestly, this school is not that bad but the students are out of control. Like I'm being honest here the students are wild but the teachers don't do anything about it and that's what's concerning. They have no respect whatsoever and they start actual fights and fires. Once I saw a girl vape in the bathroom and that was NOT okay. Please if you are a parent monitor your child because there are so many irresponsible parents who let their middle schoolers do whatever. Thats unacceptable! Parents are just letting their kids do whatever these days and they are always so careless!Student Review2y ago - Ps 59 The Community School Of Technology
- PK-5
- Public
- 356 Students
2/10GreatSchools RatingParent Rating AverageAmen I visited I noticed the cafeteria was very unsanitary! Many kids were in the cafeteria unsupervised in the bathroom. I do not recommend.Parent Review9mo ago - Theatre Arts Production Company School
- 6-12
- Public
- 430 Students
4/10GreatSchools RatingParent Rating AverageI'll make this short and simple, the school is trash. DO NOT send your children here. They don't care about the students unless they have good grades and offer no support they won't even let seniors with an average below 85 apply to SUNYS because they don't think it's worth it. They have a mice problem and had a shooting outside of the school. They barely teach the kids anything at all and never ever try and reach out to them or their parents. overall this school is a 0/10 and I would not recommend it.Parent Review4y ago 
Check out schools near 506 E 183rd St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about East Tremont
At least 482 Trulia users voted on each feature.
87 % Say there are sidewalks
85 % Say it's walkable to grocery stores
80 % Say it's dog friendly
78 % Say it's walkable to restaurants
64 % Say there's holiday spirit
63 % Say kids play outside
58 % Say streets are well-lit
43 % Say neighbors are friendly
42 % Say car is needed
37 % Say yards are well-kept
36 % Say there's wildlife
35 % Say they plan to stay for at least 5 years
34 % Say people would walk alone at night
33 % Say there are community events
29 % Say it's quiet
26 % Say parking is easy
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
506 E 183rd St, Bronx, NY 10458 is a 7 bedroom, 3 bathroom, 2,112 sqft multi-family built in 1901. 506 E 183rd St is located in East Tremont, Bronx. This property is currently available for sale and was listed by StreetEasy on Jul 1, 2026. The MLS # for this home is MLS# S1836278.