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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 owner-occupants seeking strong rental income potential. 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.
Property Type(s):
Multi Family
| Last Updated | 4/23/2026 | Year Built | 1901 |
|---|---|---|---|
| County | Bronx |
SCHOOLS
| Elementary School | Contact Agent |
|---|---|
| Jr. High School | Call Listing Agent |
| High School | Contact Agent |
Additional Details
| AIR | None |
|---|---|
| CONSTRUCTION | Frame |
| HEAT | Electric, Other |
| INTERIOR | Other |
| LOT | 1316 sq ft |
| LOT DIMENSIONS | 16 x 82.25 |
| PARKING | Other |
| SEWER | Public Sewer |
| STYLE | Other |
| TAXES | 3811.36 |
| UTILITIES | None |
| WATER | Public |
Location
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Listed with WW Realty Group Inc
Copyright 2026 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Suburban Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed.
Date Last Updated: 4/23/26 3:18 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
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