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
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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.
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.
Contact this Building
Open House
Sunday, May 24
12:00 PM to 4:00 PM
Monday, May 25
12:00 PM to 4:00 PM
Sunday, May 31
12:00 PM to 4:00 PM
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
$402
Listed
19 days ago
Last check for updates: about 5 hours ago
Listing by: WW Realty Group, (917) 319-8892
Chaya Sagi
Source: StreetEasy, MLS#S1826463
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 |
View No View |
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Days on Market: 19 |
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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: S1826463 |
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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: S1826463Listing Url |
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STREETEASY Property ID: 9705011STREETEASY Building ID: 6442622 |
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 |
|---|---|---|---|---|---|---|---|
0.06 | Multi-Family Home | $510,000 | 05/07/26 | 5 | 2 | - | |
0.23 | Multi-Family Home | $940,000 | 04/23/26 | 8 | 3 | 2,205 | |
0.21 | Multi-Family Home | $890,000 | 06/18/25 | 8 | 3 | 3,300 | |
0.35 | Multi-Family Home | $550,000 | 07/02/25 | 8 | 3 | 3,540 | |
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 | |
0.38 | Multi-Family Home | $514,216 | 09/15/25 | 4 | 2 | 2,024 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 506 E 183rd St.
What Locals Say about East Tremont
At least 481 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
41 % 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 May 5, 2026. The MLS # for this home is MLS# S1826463.

