Honesdale Multifamily Investment
703 Court Street Honesdale, PA 18431
For Sale
$399,900
Pending
MULTI_FAMILY - Honesdale, PA
Property Size3,621 SF
Lot Size0.09 Acres
Days on Market89
Property Features for 703 Court Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 3, Basement, Bathroom 5, Bedroom 5, Bedroom 1
- Basement
- Finished, Full
- Standard status
- Pending
- APN
- 11-0-0010-0065
- Size
- 3,621 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3460
Utilities
- Water front
- 1
Building Details
- Year built
- 1920
- Floors in Building
- 4
- Number of units
- 3
Listing Agency:
Berkshire Hathaway HomeServices Pocono Real Estate Hawley
(570) 226-1800
Listed By:
Benjamin Katz
(570) 352-5515
Added: Apr 30
Changed: Jun 10
Last Checked: Jul 27 at 7:06AM
MLS# PW-261174
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 multifamily investment property is located in Honesdale Borough and situated directly on the Lackawaxen River. The property currently operates as a three-unit building, but county tax information indicates it is registered as a legal four-unit, presenting an opportunity to create an additional unit for increased income. The property size is 3,621 square feet and the lot size is 0.09 acres. The zoning is commercial. The property generates a gross annual income of $44,400. Tenants are responsible for covering their own utility expenses. This property is located within a high-demand rental market.
Key Highlights
- Investment property on the Lackawaxen River in Honesdale Borough
- Grosses $44,400 per year; tenants pay their own utilities
- Currently set up as a 3‑unit property, with county tax info showing it as a legal 4‑unit
Financial Insights For Apartment 5plus
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 | $67.4k | $18.60 |
| − Vacancy | −$5.3k | −$1.47 |
| EGI | $62.0k | $17.13 |
| − OpEx | −$27.9k | −$7.71 |
| NOI | $34.1k | $9.42 |
3,621 SF · lease $18.60/SF/yr · vacancy 7.90% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$562.7K
$492.4K – $656.5K
NOI $39,389 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$487.4K
$426.5K – $568.6K
NOI $34,116 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$882.9K
$772.6K – $1.03M
NOI $61,806 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit property with potential for a fourth unit.
Where is this triplex located?
The property is located at 703 Court Street Honesdale, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Investment property on the Lackawaxen River in Honesdale Borough; Grosses $44,400 per year; tenants pay their own utilities; Currently set up as a 3‑unit property, with county tax info showing it as a legal 4‑unit
