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    Remodeled Duplex in Downtown Honesdale Title is generated by Realmo AI

    1226 Dyberry Place, Honesdale, PA 18431

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    For Sale
    $440,000

    MULTI_FAMILY - Colonial - Honesdale, PA

    Property size:
    2,946 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $149/SF
    Added:
    Jul 3, 2025
    Days on Market:
    331
    Last Refresh:
    May 29 at 11:06 am

    Property Features for 1226 Dyberry Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bedroom 3, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 6, Bathroom 3
    Parking features
    Driveway, Paved or Surfaced, Garage, On Street
    Patio and Porch features
    Deck
    Interior features
    Built-in Features, Kitchen Island, Eat-in Kitchen, His and Hers Closets
    Exterior features
    Balcony
    Basement
    Walk-Out Access, Concrete, Unfinished
    Appliances
    Built-In Electric Oven, Self Cleaning Oven, Washer/Dryer Stacked, Washer/Dryer, Washer, Stainless Steel Appliance(s), Microwave, Freezer, Electric Range, Electric Oven, Electric Cooktop, Dryer, Dishwasher, Cooktop
    Standard status
    Active
    APN
    11-0-0003-0271
    Size
    2,946 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5919

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Separate Meters, Central Air
    Water source
    Public

    Building Details

    Year built
    1889
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Vinyl, Wood
    Building materials
    Asphalt, Wood Siding, Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Matthew MacDonald

    Listing agent Matthew MacDonald License #RS367536

    Listing office Keller Williams RE Hawley 2515 Route 6, Hawley, PA

    Listing date Jul 3, 2025

    MLS# PW-252103 Listing URL

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully remodeled duplex: Turnkey investment or owner‑occupant opportunity.
    • Each unit is fully furnished with 3 spacious bedrooms and modern finishes.
    • New electrical, plumbing, and HVAC systems ensure worry‑free ownership.
    • Large 3‑car garage provides ample storage or additional rental income potential.
    • Convenient downtown Honesdale location: Close to amenities, restaurants, shopping, and parks.
    • Upstairs unit features 2 bathrooms and a bonus room.

    Overview

    Located in downtown Honesdale, PA, this fully remodeled duplex at 1226 Dyberry Street presents a turnkey opportunity for investors or owner-occupants. Each unit features 3 bedrooms and modern finishes, and is fully furnished. The upstairs unit includes 2 bathrooms and a bonus room suitable for a home office or additional storage, while the downstairs unit offers a comfortable layout with one bathroom. Both units are equipped with stainless steel appliances, new electrical and plumbing systems, and HVAC. The property includes a large 3-car garage, providing ample storage or additional rental potential. Situated on a 0.14-acre lot, the 2,946 square foot property is conveniently located close to town amenities, local restaurants, shopping, and parks. This low-maintenance property is suitable for house-hacking or building a rental portfolio.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $49.5k $16.80
    − Vacancy −$3.7k −$1.26
    EGI $45.8k $15.54
    − OpEx −$13.7k −$4.66
    NOI $32.0k $10.88
    2,946 SF · lease $16.80/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $457.8K
    $400.6K – $534.1K (±1% cap)
    NOI $32,047 @ 7.0% cap · market cap 7.28%
    Second Best
    Apartment 5plus
    $396.5K
    $347.0K – $462.6K (±1% cap)
    NOI $27,757 @ 7.0% cap · market cap 6.31%
    Theoretical Best
    Office A
    $718.4K
    $628.6K – $838.1K (±1% cap)
    NOI $50,285 @ 7.0% cap · market cap 11.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Honesdale
    County
    Wayne
    State
    Pennsylvania
    Longitude
    -75.256502
    Latitude
    41.578757

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    FAQs

    What type of property is this?
    Duplex - Turnkey duplex with modern finishes, fully furnished, move-in/rent-ready.
    Where is this duplex located?
    The property is located at 1226 Dyberry Place Honesdale, PA.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Fully remodeled duplex: **Turnkey investment or owner‑occupant opportunity.**; Each unit is fully furnished with **3 spacious bedrooms and modern finishes.**; New electrical, plumbing, and HVAC systems ensure worry‑free ownership.
    (551) 254-1752
    We can help!
    Listing Contact
    Matthew MacDonald
    Real Estate License ID: RS367536
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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