#858922, Listing office: WW Realty Group Inc
506 E 183rd St Bronx, NY 10458
Property details
About 506 E 183rd St
NO SATURDAY SHOWINGS! Attached 2-Family – 7 Bedrooms, 3 Bathrooms. Welcome to 506 E 183rd Street, an exceptional, fully renovated legal 2-family home that presents a prime investment opportunity in the heart of the South Bronx. This meticulously updated property is an ideal choice for both savvy investors looking to expand their portfolio and homeowners seeking a property with rental income potential. The upper level of this property features a spacious 7-bedroom, 3-bathroom duplex that has been completely transformed to meet the needs of modern living. The home showcases luxurious finishes and contemporary design elements throughout. The modern kitchen boasts sleek countertops, high-end stainless steel appliances, and ample storage space, making it the perfect area for preparing meals and entertaining guests. The elegant bathrooms feature stylish fixtures and beautiful tile work, providing a spa-like experience within the comfort of your home. The expansive layout offers plenty of room for families to spread out and enjoy both privacy and shared spaces. On the lower level, you’ll find a separate 2-bedroom, 1-bathroom walk-in unit that can serve multiple purposes. Whether you choose to rent it out for additional income, offer it to extended family members, or use it as a guest suite, this unit adds valuable versatility and further enhances the investment potential of the property. With its own separate entrance, it offers privacy and comfort while still being part of the same building. This property is situated in a thriving South Bronx neighborhood that is experiencing rapid growth and revitalization. 506 E 183rd Street is ideally located near major transit routes, local shops, restaurants, parks, and schools, making it a highly desirable location for renters or homeowners. Whether you’re looking to generate steady rental income or need ample space for multi-generational living, this home is perfectly equipped to meet your needs. With its updated features, spacious layout, and prime location, this property is truly a rare gem in the South Bronx real estate market. Don't miss your chance to own this incredible opportunity in a rapidly appreciating area. Act now before it’s gone! Virtually staged pictures are included in the listing.
Highlights
Summary
- Full Bathrooms: 3
- Basement: No
- Interior: Other
- Total Bedroom Count: 7
- Architectural Style: Other
- Heating: Electric, Other
- Cooling: None
- List Price: $780,000
- Annual Tax Amount: $3,811
- Tax Year: 2024
- Year Built: 1901
- Lot Size: 0.0302 Acres
- MLS Number: 877853
- MLS Name: ONEKEY2
- Office Name: WW Realty Group Inc
- Office Phone: (917) 319-8892
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Last updated on: 6/25/2025, 11:56:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$780,000
506 E 183rd St
$9,263
closing credit¹
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Price information
Property sales
Date | Event | Price |
---|---|---|
Apr 09, 2024 | Home Sold | $494,529 |
Sep 20, 2004 | Home Sold | $330,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $18,976 | $3,811 |
2023 | $45,240 | $3,660 |
2021 | $39,240 | $3,541 |
2020 | $35,760 | $3,379 |
2018 | $15,186 | $3,177 |
2017 | $14,588 | $2,803 |
History based on county public records data.
Nearby schools
4
PS 159 Luis Mumoz Marin Biling
Public District KG-5
0.1 mi
•2315 Washington Ave
3
P.S. 59 The Community School of Technology
Public District KG-5
0.1 mi
•2185 Bathgate Ave
3
P.S. 23 The New Children's School
Public District PK-5
0.2 mi
•2151 Washington Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $17,654. Residents of Bronx, NY typically earn less than $<35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.
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Frequently asked questions
About 506 E 183rd St
The listing price of 506 E 183rd St property is $780,000.
The property 506 E 183rd St is a multi located in Bronx, New York, 10458.
Active Listing: 506 E 183rd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 506 E 183rd St are: PS 159 Luis Mumoz Marin Biling (GreatSchools Rating 4/10), P.S. 59 The Community School of Technology (GreatSchools Rating 3/10), P.S. 23 The New Children's School (GreatSchools Rating 3/10), The Angelo Patri Middle School (GreatSchools Rating 5/10), I.S. 254 Bronx (GreatSchools Rating 4/10), PS 3 Raul Julia Micro Society (GreatSchools Rating 6/10), Theatre Arts Production Company School (GreatSchools Rating 4/10), Knowledge and Power Preparatory Academy (KAPPA) International High School (GreatSchools Rating 6/10), Belmont Preparatory High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $3,811 (source: MLS/based on county public records data).
The last sale was on April 9, 2024 for $494,529 (source: MLS/tax record).
The year of construction for 506 E 183rd St is 1901.
This home is located at 506 E 183rd St in Bronx, NY and zip code 10457 in the Southwest Bronx neighborhood. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 15, 2025 and is currently priced at $780,000.
While more than 28 listings in Bronx, NY in May 2025 were sold above asking price, there were more than 49 listings sold at asking price, and more than 68 were sold below. In May 2025 in Bronx, NY there were 4.1% more homes for sale than in April. While the average time on the market in May 2025 was 78 days, the median list price was $607,895.