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.
For sale
$1,468,000
506 E 188th Street, Bronx, NY 10458
10beds
3,216sqft
Triplex, Multi Family
Built in 1901
-- sqft lot
$-- Zestimate®
$456/sqft
$-- HOA
What's special
- 28 days
- 187
- 18
Zillow last checked:
Listing updated:
Listed by:
EXIT Realty Private Client 914-222-1000,
Lumnije Kacic 718-775-2595,
Shtjefen Saljanin 917-939-9725,
EXIT Realty Private Client
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1049044
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Cooling
- Wall/Window Unit(s)
Features
- High Ceilings
- Basement: Storage Space
- Has fireplace: No
Interior area
- Total structure area: 3,216
- Total interior livable area: 3,216 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 1,900 Square Feet
Details
- Parcel number: 030570024
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
Condition
- Year built: 1901
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Bronx
Financial & listing details
- Price per square foot: $456/sqft
- Tax assessed value: $71,040
- Annual tax amount: $6,958
- Date on market: 9/15/2026
- Cumulative days on market: 29 days
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Listed for sale | $1,468,000+267%$456/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #1049044 Report a problem | ||
| 2/26/2013 | Sold | $400,000-14.7%$124/sqft |
Source: Public Record Report a problem | ||
| 2/18/2012 | Listing removed | $469,000$146/sqft |
Source: Eflatfeerealty mega Corp #3135613 Report a problem | ||
| 12/7/2011 | Listed for sale | $469,000+77%$146/sqft |
Source: Eflatfeerealty mega Corp #3135613 Report a problem | ||
| 3/5/2001 | Sold | $265,000+3685.7%$82/sqft |
Source: Public Record Report a problem | ||
| 3/9/2000 | Sold | $7,000$2/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,959 +1.1% | $69,000 +12.3% |
| 2024 | $6,881 +3.7% | $61,440 +7.7% |
| 2023 | $6,637 | $57,060 +19% |
| 2022 | -- | $47,940 +1.3% |
| 2021 | -- | $47,340 -3.9% |
| 2020 | $6,111 +1.1% | $49,260 +21.8% |
| 2019 | $6,043 +20.4% | $40,440 +68.1% |
| 2015 | $5,020 +429.2% | $24,060 +1.1% |
| 2014 | $949 | $23,792 +4.8% |
| 2013 | -- | $22,694 +4.8% |
| 2012 | -- | $21,657 +3.5% |
| 2011 | -- | $20,928 +0.6% |
| 2010 | -- | $20,798 +4.9% |
| 2009 | -- | $19,827 +4.8% |
| 2008 | -- | $18,912 +4.8% |
| 2007 | -- | $18,048 +3.5% |
| 2006 | -- | $17,440 +0.6% |
| 2005 | -- | $17,332 +4.9% |
| 2004 | -- | $16,523 +4.8% |
| 2003 | -- | $15,760 +4.8% |
| 2002 | -- | $15,040 +25.3% |
| 2001 | -- | $12,000 +0.8% |
| 2000 | -- | $11,910 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Belmont
Nearby schools
Schools provided by the listing agent
- Elementary: Ps 59 Comm School Of Technology
- Middle: Jhs 118 William W Niles
- High: Fordham High School For The Arts
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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