307 Grove Street, Honesdale, PA 18431
MULTI_FAMILY - Other - Honesdale, PA
- Added:
- Sep 2, 2025
- Days on Market:
- 283
- Last Refresh:
- Jun 11 at 2:06 am
Property Features for 307 Grove Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
- Parking features
- Parking Lot, Driveway
- Patio and Porch features
- Porch
- Exterior features
- Balcony
- Basement
- Unfinished, Walk-Out Access
- Appliances
- Microwave, Oven, Refrigerator
- Standard status
- Active
- APN
- 11-0-0012-0023
- Size
- 1,650 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3475
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Architectural style
- Other
Listing agent Jeremy J Watson License #RM425357 (570) 352-5162
Listing office SIX PM LLC 801 Court Street, Peckville, PA (570) 352-5162
Listing date Sep 2, 2025
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.
HighLights
- Up/down duplex with 2‑bedroom unit and 3‑bedroom unit
- Both units feature enclosed back porches for extra storage or year‑round use
- Upstairs unit includes a brand‑new kitchen with granite countertops and newer appliances
- Front‑facing balcony plus porches for outdoor space
- Public utilities: public water and public sewer
- Set on a recessed lot with large backyard, ample parking, and a detached garage (needs some work)
Overview
The duplex is located at 307 Grove Street in Honesdale, in Wayne County, Pennsylvania. The public remarks indicate the property is within a short walk to downtown Honesdale and minutes from local schools.
For tenants and buyers, this configuration supports a practical live-in-and-rent scenario or an income-focused residential holding. The enclosed porches, outdoor areas, and parking can help improve everyday usability, while the detached garage provides flexibility for storage or potential enclosed parking, subject to the buyer’s and lender’s assessment of condition.
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 | $27.7k | $16.80 |
| − Vacancy | −$2.1k | −$1.26 |
| EGI | $25.6k | $15.54 |
| − OpEx | −$7.7k | −$4.66 |
| NOI | $17.9k | $10.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Honesdale
- County
- Wayne
- State
- Pennsylvania
- Longitude
- -75.255943
- Latitude
- 41.56472
