New Listing
2350 Washington Avenue, Bronx
$999,999 - 2,500 Sf
MLS® # 1047431
Status: Active![Hudson Gateway MLS Logo]()
506 E 183rd Street, Bronx
$850,000
7 Beds
3 Baths
2,112 Sqft
.03 Acres
0 Garages
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.
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Essential Information
MLS® #1035106
Price$850,000
Bedrooms7
Bathrooms3.00
Full Baths3
Square Footage2,112
Acres0.03
Year Built1901
TypeResidential Income
Sub-TypeDuplex
StyleOther
StatusActive
Community Information
Address506 E 183rd Street
CityBronx
CountyBronx County
StateNY
Zip Code10458
Amenities
UtilitiesNone
ParkingOther
Interior
Interior FeaturesOther
HeatingElectric, Other
CoolingNone
Exterior
ConstructionFrame
School Information
DistrictContact Agent
ElementaryContact Agent
MiddleCall Listing Agent
HighContact Agent
Additional Information
Date ListedAugust 5th, 2026
Days on Market18
Listing Details
Listing Courtesy ofWW Realty Group Inc
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The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS.
Listing information last updated on September 7th, 2026 at 11:30am CDT.
