Two-Unit Duplex with
For Sale
$175,000
219 Willow Avenue, Honesdale, PA 18431
Residential Income, Honesdale, PA
Property Size756 SF
Lot Size0.15 Acres
Price / SF$231.48
Days on Market52
Property Features for 219 Willow Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Basement, Bathroom 2
Parking features
On Street
Window features
Storm Window(s)
Patio and Porch features
Deck, Porch, Patio
Interior features
Eat-in Kitchen
Exterior features
Private Yard
Basement
Sump Pump, Walk-Out Access
Appliances
Electric Oven, Refrigerator, Gas Cooktop, Electric Water Heater, Electric Range
Elementary school district
Wayne Highlands
Middle school district
Wayne Highlands
High school district
Wayne Highlands
Directions
2minutes from the office heading toward route 6 plaza property is on the left side of the highway. just after Schwartz car dealership
Standard status
Active
APN
11-0-0012-0125
Size
756 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
2583
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Number of units
2
Flooring type
Carpet, Vinyl, Wood
Building materials
Asphalt, Stone, Masonite
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX WAYNE · RE/MAX International
(570) 253-9566
Listed By:
Stephen Langendoerfer
(570) 470-2391
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 18 at 11:06AM
MLS# PW-263004
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.
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Investment Insights
Based on property information with market context.
This duplex contains two efficiency apartment units within a 756-square-foot property on a 0.15-acre lot. Built in 1930, the property includes an eat-in kitchen, two bedrooms, two bathrooms, a basement, and private outdoor areas with a deck, porch, and patio. Interior finishes include wood, carpet, and vinyl flooring, while electric heating and wall or window cooling units serve the building.
The property is located on Route 6 in Honesdale, with shopping, parks, workout facilities, banks, and auto services described as nearby. Public water and public sewer serve the property, natural gas is available, and parking is provided on the street. Appliances include an electric oven, refrigerator, gas cooktop, electric water heater, and electric range.
The property is located on Route 6 in Honesdale, with shopping, parks, workout facilities, banks, and auto services described as nearby. Public water and public sewer serve the property, natural gas is available, and parking is provided on the street. Appliances include an electric oven, refrigerator, gas cooktop, electric water heater, and electric range.
Key Highlights
- Two efficiency apartment units
- 756 square feet on a 0.15‑acre lot
- Built in 1930 with 2 bedrooms, 2 bathrooms, and a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,224
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,480
$164.5K
Cap Rate 7%
$117,486
$117.5K
Cap Rate 9%
$91,378
$91.4K
Market Conditions
NOI Build-Up for 756 SF
Gross rent
$12.7K $16.80/SF
− Vacancy
−$953 −$1.26/SF
EGI
$11.7K $15.54/SF
− OpEx
−$3.5K −$4.66/SF
NOI
$8.2K $10.88/SF
Area
Wayne County, PA
Vacancy
7.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,480
Cap Rate 7%
$117,486
Cap Rate 9%
$91,378
Alternative Uses
Best Use
Multifamily LT 5
$117.5K
$102.8K – $137.1K
NOI $8,224 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$101.8K
$89.0K – $118.7K
NOI $7,123 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$184.3K
$161.3K – $215.1K
NOI $12,904 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 18431, PA
12,602
Population
6,217
Households
2
Avg Household Size
47
Median Age
24%
College-Educated
90%
High-School Grad
134.8 sq mi
ZIP Area
93
Density / Sq Mi
$55,323
Median Household Income
$33,298
Median Earnings
$1,013
Median Rent
$222,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two efficiency apartments include private outdoor space, an eat-in kitchen, and convenient access to town amenities.
Where is this duplex located?
The property is located at 219 Willow Avenue Honesdale, PA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two efficiency apartment units; 756 square feet on a 0.15‑acre lot; Built in 1930 with 2 bedrooms, 2 bathrooms, and a basement
