#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: 861512
- 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: 6/2/2025, 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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0.5% sale price²
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. Typical income of Bronx, NY residents is less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
Similar homes for sale
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 May 13, 2025 and is currently priced at $780,000.
Over 28 listings were sold over their listed price in May 2025 in Bronx, NY. In the same period over 68 listings were sold below the listed price and 49 listings were sold for the listed price. The number of listings in Bronx, NY increased by 4.1% between April and May 2025. In May 2025 median list price was $607,895 and the average listing age was 78 days.