Searching ...

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 with 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.

Highlights

  • Residential Income
  • Duplex
  • Built in 1901
  • 0.0302 Acre Lot
  • 3 days on Market

Open House

  • November 15, 2026
    12:00pm - 4:00pm
  • November 22, 2026
    12:00pm - 4:00pm
  • November 29, 2026
    12:00pm - 4:00pm

This open house information was last updated on 11/11/2026 09:54AM

  • Bedrooms
    7
  • Bathrooms
    3
  • Year Built
    1901
  • Architectural Style
    Other
  • Construction Materials
    Frame
  • Parking Features
    Other
  • Interior Features
    Other
  • Cooling
    None
  • Heating
    Electric, Other

  • Acres
    0.0302
  • Utilities
    None
  • Water
    Public


Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 506 E 183rd St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 506 E 183rd St.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 506 E 183rd St?

Click Ask a Question to talk with our team. You already know it is a 7 bed, 3 bath, listed for $850,000. We can talk through recent upgrades, potential seller motivation, how this duplex compares to others in Bronx, and can even get you in to see the property quickly.

Are there any upcoming open houses for this property?

Yes—an open house is scheduled for . Let us connect you with our local expert before you go so they can help you prepare questions, highlight key features, and arrange a private tour if that time doesn't work.

How much is the monthly mortgage payment for 506 E 183rd St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 506 E 183rd St at around $5,155. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 506 E 183rd St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Bronx County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 506 E 183rd St?

In most cases, yes. Whether 506 E 183rd St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Bronx's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 506 E 183rd St?

We can handle that for you. Our preferred local agent specializes in residential incomes in Bronx and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $850,000 with 2,112 sqft of space—that comes out to approximately $402 per square foot.

How long has this property been on the market?

506 E 183rd St was listed on November 14, 2026, which means it's been on the market for -3 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1901, making it approximately 125 years old.

What is the lot size of this property?

506 E 183rd St sits on a 0.03-acre lot, which is 1,307 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Contact Agent
  • Middle: Call Listing Agent
  • High: Contact Agent

Want to see how these schools compare? Check out our Bronx County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 506 E 183rd St?

The most recent public record shows annual property taxes for 506 E 183rd St were approximately $3,811. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 506 E 183rd St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

Popular Home Searches in Bronx, NY


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

Listing information 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 by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, OneKey MLS. All rights reserved.

Last Updated: November 11, 2026 at 10:17AM | Source: OneKey MLS | MLS#: 1072077