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 buyers seeking strong rental income potential.
The upper level features a spacious 7-bedroom, 3-bathroom duplex, completely transformed 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. The elegant bathrooms include stylish fixtures and beautiful tilework, creating a spa-like atmosphere. The expansive layout provides plenty of room to enjoy both privacy and shared living areas.
The lower level includes a separate 2-bedroom, 1-bathroom walk-in unit that offers excellent flexibility. It can be used as an income-producing rental, guest accommodations, or additional living space, significantly enhancing the property’s overall value. With its own private entrance, the unit offers comfort and privacy while remaining part of the same building.
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 appealing to both occupants and tenants.
With modern updates, generous square footage, and a prime location, this property stands out as a rare opportunity in the South Bronx market.
Listed by Eyal Sagi
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WW Realty Group Inc
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917-319-8892
Last updated January 25, 2026
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Source: OneKey #952770
Listing Facts
TypeMulti-family
NeighborhoodEast Tremont
Bedrooms7
Bathrooms3
Days on Prevu12
Taxes$3,811.36/year
Location
Mortgage Calculator
Listing History
01/18/2026
Listed by WW Realty Group Inc
$850,000
Estimated Closing Costs
Total
$26,415
Attorney Fees
$4,000
Title Insurance
$3,825
Bank Attorney
$1,500
Mortgage Recording Tax
$13,090
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $850,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 506 E 183rd Street
Exterior
Construction
Number Of Units Total: 2
Year Built: 1901
Architectural Style: Other
Construction Materials: Frame
Measurements
Building Area Total: 2,112
Building Area Units: Square Feet
Lot Size Acres: 0.03
Lot Size Dimensions: 1,682
Lot Size Square Feet: 1,316
Financial
Taxes
Parcel Number: 03050-0064
Tax Annual Amount: $3,811.36
Tax Assessed Value: $48,360.00
Tax Year: 2024
Interior
Features
Interior Features: Other
Rooms
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 7
Parking
Parking
Parking Features: Other
Schools
Elementary School
Elementary School District: Bronx
High School
High School District: Bronx
Middle or Junior School
Middle Or Junior School District: Bronx
Utilities
Equipment
Heating: Electric, Other
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 7 bedrooms and 3 bathrooms in this multi-family home at 506 E 183rd Street.
What are the annual taxes for 506 E 183rd Street?
Annual taxes for this multi-family home are estimated at $3,811.
How does 506 E 183rd Street compare to other multi-family homes in East Tremont?
This multi-family home is listed 33% below the average price for multi-family homes in East Tremont and has been on the market for 154 less days than the typical home in this area.
506 E 183rd Street is a 7-bedroom, 3-bath multi-family home for sale in Bronx NY 10458. On Prevu for 12 days at $850,000. This home is located in East Tremont. The median listing price for multi-family homes in this area is $817,999. View other multi-family home listings in Bronx.
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Program of OneKey™ MLS. The source of the displayed data is either the property owner
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Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.