Up-Down Duplex with Detached
307 Grove Street Honesdale, PA 18431
For Sale
$329,000
MULTI_FAMILY - Other - Honesdale, PA
Property Size1,650 SF
Lot Size0.29 Acres
Price / SF$199.39
Days on Market328
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 Agency:
SIX PM LLC
(570) 352-5162
Listed By:
Jeremy J Watson · License #RM425357
(570) 352-5162
Added: Sep 2, 2025
Changed: Jun 10
Last Checked: Jul 26 at 10:06AM
MLS# PW-252918
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 up-and-down duplex includes two separate residential units: one 2-bedroom and one 3-bedroom. Both units have enclosed back porches that can serve as additional year-round space or storage. The upstairs unit features a front-facing balcony, and the kitchen is described as brand new with granite countertops and newer appliances. The lower unit offers a front porch and ample living space for comfortable day-to-day living. The property sits on a recessed lot and includes a large backyard, ample parking, and a detached garage. The garage is noted as needing some work, but may be suitable for additional on-site utility depending on a buyer’s plans.
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.
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.
Key Highlights
- Charming up‑and‑down duplex in Honesdale built in 1900
- Two units: one 2‑bedroom unit and one 3‑bedroom unit
- Each unit features an enclosed back porch for extra storage or year‑round use
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 |
1,650 SF · lease $16.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$256.4K
$224.4K – $299.2K
NOI $17,949 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$222.1K
$194.3K – $259.1K
NOI $15,546 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$402.3K
$352.1K – $469.4K
NOI $28,164 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two residential units feature enclosed back porches, with a detached garage and backyard for added tenant storage or parking.
Where is this duplex located?
The property is located at 307 Grove Street Honesdale, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Charming up‑and‑down duplex in Honesdale built in 1900; Two units: one 2‑bedroom unit and one 3‑bedroom unit; Each unit features an enclosed back porch for extra storage or year‑round use
