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$850,000
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Property Description
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.
Full Property Details
Full Property Details for 506 E 183rd St
General
- Price: $850,000
- Taxes: $3,811
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 945311
- Updated: 12/19/2025
- Added to Site: 28 day(s) ago
Interior
- Interior Features: Other
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Parking
- Parking Features: Other
Location
- County: Bronx County
School Information
- High School District: Bronx
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: None
Structural Information
- Architectural Style: Other
- Detached/Attached: Detached
- Construction: Frame
- Building Size: 2112
- Square Feet: 2,112
- Year Built: 1901
Lot Features
- Lot Size (Acres): 0.0302
- Lot Size (Sq. Ft.): 1,316
- Lot Dimensions: 16 x 82.25
Financial Considerations
- Tax Amount: $3,811.36
Disclosures and Reports
- Special Conditions: None
- Property ID: 03050-0064
Listed by WW Realty Group Inc
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Schools
Schools serving 506 E 183rd St
School District:New York City Geographic School District 10
| Name | Grades | Distance |
|---|---|---|
Ps 59 The Community School Of Technology 2185 Bathgate Ave, The Bronx, NY 10457 | K-5 | 0.1 mi |
Jhs 118 William W Niles 577 E 179th St, The Bronx, NY 10457 | 6-8 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 E 183rd St
Date
Details
Price
Change
Source
12/19/2025
Listed
$850,000
71.88%
MLS
3/28/2024
Sold
$494,529
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 506 E 183rd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,848
1%
$19,157
1%
2024
$3,811
4%
$18,976
4%
2023
$3,660
3%
$18,223
-52%
2022
$3,555
—
$38,100
-3%
2021
$3,541
5%
$39,240
10%
2020
$3,379
2%
$35,760
5%
2019
$3,308
4%
$34,080
124%
2018
$3,177
7%
$15,186
4%
2017
$2,974
6%
$14,588
4%
2016
$2,803
8%
$14,023
5%
2015
$2,601
22%
$13,303
1%
2014
$2,130
11%
$13,178
4%
2013
$1,920
—
$12,655
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 506 E 183rd St
506 E 183rd Street, Bronx, NY 10458 (MLS# 945311) is a Multi-Family property with 2 units containing 7 bedrooms and 3 full bathrooms. 506 E 183rd Street is currently listed for $850,000 and was received on December 19, 2025. Want to learn more about 506 E 183rd Street? Do you have questions about finding other Multi-Family real estate for sale in Bronx? You can browse all Bronx real estate or contact a Coldwell Banker agent to request more information.

