Main Street Mixed-Use
903 Main Street Honesdale, PA 18431
903 Main Street, Honesdale, PA, 18431
$495,000
For Sale
$495,000
MULTI_FAMILY - Honesdale, PA
Property Size2,536 SF
Lot Size0.03 Acres
Price / SF$195.19
Days on Market10
Property Features for 903 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bedroom 2
- Interior features
- Ceiling Fan(s), Storage, Pantry, Open Floorplan, Eat-in Kitchen
- Basement
- Full, Unfinished
- Appliances
- Dishwasher, Refrigerator, Electric Range, Electric Oven, Electric Cooktop
- Standard status
- Active
- APN
- 11-0-0005-0022
- Size
- 2,536 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 11-0-0005-0022
- Tax Annual Amount
- 6141
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Vinyl, Hardwood, Tile
- Building materials
- Brick
- Roof type
- Rubber, Tar/Gravel
- Additional Structures
- Storage
Listing Agency
RE/MAX WAYNE
(570) 253-9566
416 Main Street Suite A, HONESDALE, PA
Listed by
Tim Meagher · License #RM421483
(570) 253-9566
Added: Jul 9 Checked: Jul 18 at 8:06 pm
MLS# PW-262278
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.
Historic three-story mixed-use building offering a first-floor storefront with ample Main Street frontage and strong natural light, plus two separate two-bedroom, one-bath apartments on the upper floors. The commercial space includes large display windows, an open retail floor, a dressing room, a storage room, and a bathroom, with direct entry from Main Street.
A separate street entrance serves the residential units above. The second-floor apartment occupies the entire level and is currently used as a photography studio, featuring a kitchen and a spacious open living area with windows overlooking downtown Honesdale. The third-floor apartment includes two large bedrooms, a spacious bathroom, plenty of storage, and an open kitchen and living area.
The property is zoned Commercial and is located at 903 Main Street in Honesdale, PA.
A separate street entrance serves the residential units above. The second-floor apartment occupies the entire level and is currently used as a photography studio, featuring a kitchen and a spacious open living area with windows overlooking downtown Honesdale. The third-floor apartment includes two large bedrooms, a spacious bathroom, plenty of storage, and an open kitchen and living area.
The property is zoned Commercial and is located at 903 Main Street in Honesdale, PA.
Key Highlights
- 3‑story mixed‑use property with a first‑floor storefront and two separate 2‑bedroom, 1‑bath apartments on the 2nd and 3rd floors
- Large first‑floor commercial space with big display windows, open retail floor, dressing room, storage room, and bathroom
- Separate street entrance for the residential units above, providing distinct access from the commercial storefront
Local Financial Insights For Retail
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 | $45.6k | $18.00 |
| − Vacancy | −$2.2k | −$0.86 |
| EGI | $43.5k | $17.14 |
| − OpEx | −$13.0k | −$5.14 |
| NOI | $30.4k | $12.00 |
2,536 SF · lease $18.00/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$434.6K
$380.3K – $507.0K
NOI $30,420 @ 7.0% cap · market cap 6.15%
Second Best
Multifamily LT 5
$394.1K
$344.8K – $459.8K
NOI $27,587 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$618.4K
$541.1K – $721.4K
NOI $43,286 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Finders Keepers Consignment ...
Clothing & Fashion Store
Masters Martial Arts ...
Theater & Performing Art Venue
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Historic three-story mixed-use building with a first-floor storefront and two residential apartments above.
Where is this duplex located?
The property is located at 903 Main Street Honesdale, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3‑story mixed‑use property with a first‑floor storefront and two separate 2‑bedroom, 1‑bath apartments on the 2nd and 3rd floors; Large first‑floor commercial space with big display windows, open retail floor, dressing room, storage room, and bathroom; Separate street entrance for the residential units above, providing distinct access from the commercial storefront
