Three-Unit Residential Income
409 Broad Street Honesdale, PA 18431
409 Broad Street, Honesdale, PA, 18431
$289,000
Pending
For Sale
$289,000
Pending
MULTI_FAMILY - Honesdale, PA
Property Size2,100 SF
Lot Size0.27 Acres
Days on Market19
Property Features for 409 Broad Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Basement, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 3
- Parking features
- Garage
- Basement
- Walk-Out Access, Full, Finished
- Standard status
- Pending
- APN
- 11-0-0008-0080.0001
- Size
- 2,100 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4819
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Propane (Heating)
- Water source
- Public
Building Details
- Year built
- 1971
- Floors in Building
- 2
- Number of units
- 3
Listing Agency
Davis R. Chant - Lake Wallenpaupack
(570) 226-4518
2483 Route 6, Milford, PA
Listed by
Lorraine Collins, Associate Broker · License #AB067437
(570) 226-4518
Added: Jun 30 Checked: Jul 18 at 3:06 pm
MLS# PW-262146
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.
Investment Insights
Based on property information with market context.
This three-unit residential income property includes a spacious 3-bedroom ranch on the main level, with two separate apartment units on the lower level. The layout supports multiple living arrangements within one building. Off the residential improvements, the property also includes a large parking area and an attached two-car garage for added storage or workspace use. A new roof was installed in June 2026.
Located at 409 Broad Street in Honesdale, the property sits just outside the town, in Wayne County, Pennsylvania. It is within the Wayne Highlands School District. While the surrounding area is described as convenient to everyday needs, the listing emphasizes a setting that maintains a quieter residential feel.
The unit configuration makes this property workable for investors seeking three rental units or for owner-occupants who want to live in one portion while using the remaining space as additional rental income. The on-site parking and attached garage are practical features for tenants and visitors alike, and the recent roof replacement helps reduce near-term exterior maintenance concerns.
Located at 409 Broad Street in Honesdale, the property sits just outside the town, in Wayne County, Pennsylvania. It is within the Wayne Highlands School District. While the surrounding area is described as convenient to everyday needs, the listing emphasizes a setting that maintains a quieter residential feel.
The unit configuration makes this property workable for investors seeking three rental units or for owner-occupants who want to live in one portion while using the remaining space as additional rental income. The on-site parking and attached garage are practical features for tenants and visitors alike, and the recent roof replacement helps reduce near-term exterior maintenance concerns.
Key Highlights
- Three‑unit income‑producing property with a 3‑bedroom ranch on the main level and two separate apartment units in the lower level
- Year built: 1971
- Two‑car attached garage plus a large parking area
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 | $35.3k | $16.80 |
| − Vacancy | −$2.6k | −$1.26 |
| EGI | $32.6k | $15.54 |
| − OpEx | −$9.8k | −$4.66 |
| NOI | $22.8k | $10.88 |
2,100 SF · lease $16.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$326.3K
$285.6K – $380.7K
NOI $22,844 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$282.7K
$247.3K – $329.8K
NOI $19,786 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$512.1K
$448.1K – $597.4K
NOI $35,844 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with a 3-bedroom main level plus two lower apartments, with parking and an attached two-car garage.
Where is this triplex located?
The property is located at 409 Broad Street Honesdale, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Three‑unit income‑producing property with a 3‑bedroom ranch on the main level and two separate apartment units in the lower level; Year built: 1971; Two‑car attached garage plus a large parking area
