409 Broad Street, Honesdale, PA 18431
MULTI_FAMILY - Honesdale, PA
- Added:
- Jun 30, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 2 at 7:06 am
Property Features for 409 Broad Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 4, Basement, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3
- Parking features
- Garage
- Basement
- Walk-Out Access, Finished, Full
- Standard status
- Active
- APN
- 11-0-0008-0080.0001
- Size
- 2,100 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4819
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Propane (Heating)
- Water source
- Public
Building Details
- Year built
- 1971
- Floors in Building
- 2
- Number of units
- 3
Listing agent Lorraine Collins, Associate Broker License #AB067437 (570) 226-4518
Listing office Davis R. Chant - Lake Wallenpaupack 2483 Route 6, Milford, PA (570) 226-4518
Listing date Jun 30, 2026
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
- Three‑unit income property: main‑level 3‑bedroom ranch plus two separate lower‑level apartment units
- New roof installed June 2026
- Year built 1971 with electric and propane heating
- Public water and public sewer
- Attached two‑car garage plus a large parking area
- Wayne Highlands School District; located just outside the town of Honesdale
Overview
Located at 409 Broad Street in Honesdale, the property sits just outside the town, in Wayne County, Pennsylvania. It is within the Wayne Highlands School District. While the surrounding area is described as convenient to everyday needs, the listing emphasizes a setting that maintains a quieter residential feel.
The unit configuration makes this property workable for investors seeking three rental units or for owner-occupants who want to live in one portion while using the remaining space as additional rental income. The on-site parking and attached garage are practical features for tenants and visitors alike, and the recent roof replacement helps reduce near-term exterior maintenance concerns.
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 | $35.3k | $16.80 |
| − Vacancy | −$2.6k | −$1.26 |
| EGI | $32.6k | $15.54 |
| − OpEx | −$9.8k | −$4.66 |
| NOI | $22.8k | $10.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Honesdale
- County
- Wayne
- State
- Pennsylvania
- Longitude
- -75.25894
- Latitude
- 41.571588
