Honesdale Duplex with
260 Terrace Street Honesdale, PA 18431
For Sale
$299,000
MULTI_FAMILY - Other - Honesdale, PA
Property Size1,974 SF
Lot Size0.25 Acres
Price / SF$151.47
Days on Market154
Property Features for 260 Terrace Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
- Parking features
- Garage, Off Street
- Patio and Porch features
- Porch
- Basement
- Walk-Out Access, Unfinished, Full
- Appliances
- Electric Oven, Refrigerator, Washer/Dryer
- Standard status
- Active
- APN
- 11-0-0011-0125
- Size
- 1,974 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3639
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1869
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Architectural style
- Other
Listing Agency:
SIX PM LLC
(570) 352-5162
Listed By:
Jeremy J Watson · License #RM425357
(570) 352-5162
Added: Feb 22
Changed: Jun 10
Last Checked: Jul 26 at 11:06AM
MLS# PW-260328
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.
Investment Insights
Based on property information with market context.
Located in Honesdale, this duplex is situated between the schools and Main Street. The property contains two units, each featuring 3 bedrooms, living areas, and storage space. A shared basement laundry area includes individual washer and dryer hookups for each unit. The property includes off-street parking and a detached two-car garage. The current annual gross income is $27,600. Tenants are responsible for electric, water, and garbage expenses. The property is located on a 0.25-acre lot and has a property size of 1974 square feet.
Key Highlights
- Two‑unit duplex in Honesdale, each unit offers 3 bedrooms and separate bathroom areas
- Shared basement laundry with washer and dryer hookups for each unit
- Current annual gross income of $27,600
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 | $33.2k | $16.80 |
| − Vacancy | −$2.5k | −$1.26 |
| EGI | $30.7k | $15.54 |
| − OpEx | −$9.2k | −$4.66 |
| NOI | $21.5k | $10.88 |
1,974 SF · lease $16.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.8K
$268.4K – $357.9K
NOI $21,473 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$265.7K
$232.5K – $310.0K
NOI $18,599 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$481.3K
$421.2K – $561.6K
NOI $33,694 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex in Honesdale with two units and garage.
Where is this duplex located?
The property is located at 260 Terrace Street Honesdale, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex in Honesdale, each unit offers 3 bedrooms and separate bathroom areas; Shared basement laundry with washer and dryer hookups for each unit; Current annual gross income of $27,600
