506 E 188th Street, Bronx, NY 10458 - Photo 1

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$1,468,000

For Sale
Active
Multi-Family
10 Total Beds

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Property Description

Excellent investment opportunity in the Belmont section of the Bronx. This fully occupied three-family property is currently rented to students, with leases in place through 2027, providing immediate and stable rental income for the next owner. Ideally located near Fordham University, Arthur Avenue, shopping, dining, and public transportation. A strong opportunity for an investor seeking a well-located, income-producing multifamily property with established tenancy already in place.

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Full Property Details

Full Property Details for 506 E 188th St

General

Price: $1,468,000
Taxes: $6,958
Status: Active
Type: Multi-Family
Source: Long_Island
MLS ID: 1049044
Updated: 9/18/2026
Added to Site: 25 day(s) ago

Interior

Interior Features: High Ceilings

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 10

Parking

Parking Features: On Street

Location

County: Bronx County

School Information

High School District: Bronx 10
Elementary School: Ps 59 Comm School Of Technology
Middle School: Jhs 118 William W Niles
High School: Fordham High School For The Arts

Heating & Cooling

Cooling Type: Wall/Window Unit(s)
Heating Type: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Natural Gas Connected

Structural Information

Detached/Attached: Attached
Construction: Brick
Basement: Yes
Basement Desc.: Storage Space
Building Size: 3216
Square Feet: 3,216
Year Built: 1901

Lot Features

Lot Size (Acres): 0.0436
Lot Size (Sq. Ft.): 1,900

Financial Considerations

Tax Amount: $6,958.68

Disclosures and Reports

Special Conditions: None
Property ID: 03057-0024

Listed by EXIT Realty Private Client

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— 506 E 188th St —

EXIT Realty Private Client
EXIT Realty Private Client

914-222-1000

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Schools

Schools serving 506 E 188th 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	0.4 mi
Jhs 118 William W Niles 577 E 179th St, The Bronx, NY 10457	6-8	0.7 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 E 188th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/15/2026

Listed

$1,468,000

267%

MLS

2/04/2013

Sold

$400,000

—

Public Record

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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 188th St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$6,959

—

$36,163

4%

2025

$6,959

1%

$34,646

1%

2024

$6,881

5%

$34,260

5%

2023

$6,563

4%

$32,678

-32%

2022

$6,334

—

$47,940

1%

2021

$6,342

4%

$47,340

-4%

2020

$6,111

2%

$49,260

22%

2019

$5,972

13%

$40,440

49%

2017

$5,298

—

$27,232

5%

2017

$5,298

6%

$25,988

3%

2016

$5,020

7%

$25,113

4%

2015

$4,705

261%

$24,060

1%

2014

$1,302

3%

$23,792

5%

2013

$1,265

—

$22,694

—

View All

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 188th St

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506 E 188th Street, Bronx, NY 10458 (MLS# 1049044) is a Multi-Family property with 3 units containing 10 bedrooms and 3 full bathrooms. 506 E 188th Street is currently listed for $1,468,000 and was received on September 15, 2026. Want to learn more about 506 E 188th 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.

506 E 188th St Bronx, NY 10458