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    Renovated Multi-Family Near Delaware Region Title is generated by Realmo AI

    9 E Shore Lane, Beach Lake, PA 18405

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    For Sale
    $339,000

    MULTI_FAMILY - Other - Beach Lake, PA

    Property size:
    1,932 SF
    Lot size:
    0.56 Acres
    Price / SF:
    $175/SF
    Added:
    May 15, 2026
    Days on Market:
    3
    Last Refresh:
    May 17 at 2:06 pm

    Property Features for 9 E Shore Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Commercial
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Basement
    Parking
    4
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Basement
    Unfinished, Exterior Entry
    Appliances
    Gas Range, Water Heater, Refrigerator
    Standard status
    Active
    APN
    01-0-0002-0051
    Size
    1,932 SF
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    3090

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Well
    Water front features
    Stream
    Water front
    1

    Building Details

    Year built
    1979
    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Karen E Rice

    Listing agent Karen E Rice License #RS301772

    Listing office Keller Williams RE Hawley 2515 Route 6, Hawley, PA

    Listing date May 15, 2026

    MLS# PW-261438 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.

    HighLights

    • Renovated duplex with flexible usage: owner‑occupied house hack, long‑term rental, or short‑term rental.
    • Prime location near Upper Delaware Region, Lake Wallenpaupack, Ski Big Bear, and other attractions.
    • Recent 2026 renovations include new kitchen in lower unit, updated baths & fixtures, fresh paint, new flooring, and new siding on the front.
    • Separate electric meters for each unit plus a separate owner meter for the basement, and 400 amp service for future EV hookup.
    • Located on 0.56 acres with frontage on Beach Lake Creek, offering waterfront views and recreational opportunities.
    • Conveniently located near Honesdale, Narrowsburg NY, Rt 6 Plaza complex, and within 2.5 hours of NYC.

    Overview

    Located in Beach Lake, PA, this renovated two-family duplex offers multiple possibilities. Unit 1 features 3 bedrooms and a full bath, while Unit 2 includes 2 bedrooms and a full bath. The layout is suitable for owner-occupancy, long-term rental income, or short-term rentals, given its proximity to the Upper Delaware Region, Lake Wallenpaupack, and Ski Big Bear. Renovations completed in 2026 include fresh paint, new flooring, updated baths and fixtures, a new kitchen in the lower unit, and new siding on the front. Each unit has its own electric meter and a new breaker panel. The basement has a separate owner meter with a new panel. A 400 amp service is available for future EV hookup. The property includes 1,932 finished square feet on 0.56 acres in Berlin Township, Wayne County, with frontage on Beach Lake Creek. The building sits well above the water. It has electric baseboard heat, a private well, and public sewer. There is no HOA. Located 9 miles from downtown Honesdale, 5.5 miles from Narrowsburg NY, and 6.5 miles from the Rt 6 Plaza complex (Walmart, Weis, Home Depot, TJ Maxx, Hobby Lobby, etc), and approximately 2.5 hours from NYC. Public access points to the Upper Delaware National Recreation Area are minutes away. Lake Wallenpaupack and Hawley are about 20 minutes away. A Dollar General and the Carousel Dairy Bar & Water/Fun Park are within a mile. The property is located in the Wayne Highlands School District. Built in 1979.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $233.5K
    NOI $21,016 @ 9.00% cap · cautious / downside scenario
    Moderate
    $300.2K
    NOI $21,016 @ 7.00% cap · market / base-case scenario
    Aggressive
    $420.3K
    NOI $21,016 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $32.5k $16.80
    − Vacancy −$2.4k −$1.26
    EGI $30.0k $15.54
    − OpEx −$9.0k −$4.66
    NOI $21.0k $10.88
    1,932 SF · lease $16.80/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $300.2K
    $262.7K – $350.3K (±1% cap)
    NOI $21,016 @ 7.0% cap · market cap 6.20%
    Second Best
    Apartment 5plus
    $260.0K
    $227.5K – $303.4K (±1% cap)
    NOI $18,203 @ 7.0% cap · market cap 5.37%
    Theoretical Best
    Office A
    $471.1K
    $412.2K – $549.6K (±1% cap)
    NOI $32,977 @ 7.0% cap · market cap 9.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Spa & Massage Center Auto Repair Shop Auto Parts Store Gym & Fitness Center Hotel & Motel Kitchen & Bath Showroom Skin Care Clinic Storage Facility Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beach Lake
    County
    Wayne
    State
    Pennsylvania
    Longitude
    -75.148614
    Latitude
    41.602632

    FAQs

    What type of property is this?
    Duplex - Renovated duplex near attractions, suitable for various investment strategies.
    Where is this duplex located?
    The property is located at 9 E Shore Lane Beach Lake, PA.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: Renovated duplex with flexible usage: owner‑occupied house hack, long‑term rental, or short‑term rental.; Prime location near Upper Delaware Region, Lake Wallenpaupack, Ski Big Bear, and other attractions.; Recent 2026 renovations include **new kitchen in lower unit, updated baths & fixtures, fresh paint, new flooring, and new siding on the front.**
    (570) 647-5170
    We can help!
    Listing Contact
    Karen E Rice
    Real Estate License ID: RS301772
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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