Open House
Thu Apr 23, 12:00pm - 4:00pm
Sun Apr 26, 12:00pm - 4:00pm
Tue Apr 28, 12:00pm - 4:00pm
Thu Apr 30, 12:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 974337
Style Other
Bedrooms 7
Full Baths 3
Rental Info No
Year Built 1901
Annual Tax Amount $3,811
Lot Size 1,315 Sqft
Acres 0.0302
Lot Dimensions 16 x 82.25
Property Sub-Type Duplex
Source onekey2
Property Description
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.
Location
State NY
County Bronx County
Interior
Interior Features Other
Heating Electric, Other
Cooling None
Fireplace No
Exterior
Parking Features Other
Utilities Available None
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Senior Community No
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716