506 E 183rd St Bronx, NY 10458
Belmont NeighborhoodEstimated payment $4,986/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,811
Year Built
- Built in 1901
Lot Details
- 1,316 Sq Ft Lot
- Lot Dimensions are 16 x 82.25
Home Design
- Duplex
- Frame Construction
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Schools
- Contact Agent Elementary School
- Contact Agent High School
Utilities
- No Cooling
- Heating Available
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 03050-0064
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $3,848 | $20,194 | $3,297 | $16,897 |
| 2025 | $3,811 | $19,157 | $3,359 | $15,798 |
| 2024 | $3,811 | $18,976 | $3,014 | $15,962 |
| 2023 | $3,701 | $18,223 | $3,094 | $15,129 |
| 2022 | $3,495 | $38,100 | $7,680 | $30,420 |
| 2021 | $3,541 | $39,240 | $7,680 | $31,560 |
| 2020 | $3,379 | $35,760 | $7,680 | $28,080 |
| 2019 | $3,308 | $34,080 | $7,680 | $26,400 |
| 2018 | $3,096 | $15,186 | $4,263 | $10,923 |
| 2017 | $2,974 | $14,588 | $3,874 | $10,714 |
| 2016 | $2,803 | $14,023 | $3,868 | $10,155 |
| 2015 | $1,440 | $13,303 | $3,935 | $9,368 |
| 2014 | $1,440 | $13,178 | $4,403 | $8,775 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/06/2026 08/06/26 | For Sale | $850,000 | +74.3% | $402 / Sq Ft | |
| 03/28/2024 03/28/24 | Sold | $487,700 | +3.8% | $231 / Sq Ft | View Prior Sale |
| 03/05/2024 03/05/24 | Pending | -- | -- | -- | |
| 01/19/2024 01/19/24 | For Sale | $469,900 | -- | $222 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $494,529 | -- | |
| Foreclosure Deed | $477,134 | -- | |
| Deed | $330,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $440,000 | Purchase Money Mortgage | |
| Previous Owner | $98,000 | No Value Available | |
| Previous Owner | $337,500 | No Value Available | |
| Previous Owner | $49,500 | No Value Available | |
| Previous Owner | $264,000 | Purchase Money Mortgage | |
| Closed | $264,000 | No Value Available |
Source: OneKey® MLS
MLS Number: 1035106
APN: 03050-0064
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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Based on information submitted to the MLS GRID
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