About 583 & 585 E 178th Street
Package Deal! Prime Multi-Family Investment in Tremont, Bronx Property Addresses: 583 E 178th Street & 585 E 178th Street, Bronx, NY Available Individually or as a Package Deal An incredible opportunity to own two modern, income-generating multi-family buildings in the heart of the Tremont section of the Bronx. Built in 2011, both properties are in excellent condition and require no renovations—just collect the rent! Property Features: -Three spacious 2-bedroom, 1-bathroom apartments. -Units feature high ceilings and a well-maintained interior. -Individually metered boilers and water heaters for each unit. -Two additional storage rooms currently rented. -Fully equipped with sprinkler systems. -No HPD or DOB violations – all documents up to date. -R7-1 zoning. -Tax abatement through 2036 – offering rent-stabilized income with reduced expenses. Location Highlights: -Situated in a quiet, established neighborhood. -Convenient access to public transportation, shopping, schools, and more. -A strong rental market and high demand in the area. This is a turnkey investment ideal for investors seeking stable, long-term returns with minimal maintenance. Don’t miss the chance to own in one of the Bronx’s most promising neighborhoods. Featured commercial Sales.
Features of 583 & 585 E 178th Street
| MLS® # | 850370 |
|---|---|
| Price | $1,550,000 |
| Sold Price | $1,350,000 |
| Date Sold | October 29th, 2025 |
| Square Footage | 5,200 |
| Taxes | $3,360 |
| Year Built | 2011 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Closed |
Community Information
| Address | 583 & 585 E 178th Street |
|---|---|
| City | Bronx |
| County | Bronx County |
| State | NY |
| Zip Code | 10457 |
| Adult 55+ Community | No |
Amenities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, See Remarks, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Tile |
|---|---|
| Interior Features | Entrance Foyer, Primary Bathroom, Open Kitchen, Stone Counters, Walk Through Kitchen |
| Heating | Hot Water |
| Cooling | Multi Units |
| Has Basement | Yes |
| Basement | Partially Finished |
| Fireplace | No |
Exterior
| Exterior Features | Balcony, Mailbox |
|---|---|
| Lot Description | Near Public Transit, Near School, Near Shops, Paved, See Remarks |
| Exterior | Brick |
School Information
| District | Bronx 9 |
|---|---|
| Elementary | Mount Eden Children'S Academy |
| Middle | Science And Technology Academy: A Mott Hall School |
| High | Eagle Academy For Young Men |
Additional Information
| Date Listed | April 17th, 2025 |
|---|---|
| Days on Market | 503 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | NY Space Finders Inc |
|---|