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    Renovated Two-Family Duplex Title is generated by Realmo AI

    9 East Shore Lane, Beach Lake, PA 18405

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    For Sale
    $339,000

    Renovated duplex with separate electric meters and updated interiors, suited for owner-occupancy or rental flexibility.

    Type:Multi-Family / Fee Simple
    Property size:
    1,804 SF
    Price / SF:
    $187/SF
    Added:
    May 23, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 6 at 4:51 am

    Property Features for 9 East Shore Lane

    General Information

    Standard status
    Active
    Size
    1,804 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    Karen E Rice

    Listing agent Karen E Rice License #RS301772

    Listing office Keller Williams Real Estate - South Abington Twp

    Listing date May 23, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Real Estate - South Abington Twp

    HighLights

    • Renovated two‑family duplex built in 1979 with 1,932 finished SF on 0.56 acres in Berlin Township, Wayne County.
    • Each unit has its own electric meter and new breaker panel; basement has a separate owner meter with a new panel.
    • 2026 renovation includes fresh paint, new flooring, updated baths and fixtures, an all‑new kitchen in the lower unit, and new front siding (plus more).
    • Each unit offers a full bath: Unit 1 has 3 bedrooms; Unit 2 has 2 bedrooms.
    • 400 amp service for future EV hookup if desired; electric baseboard heat; private well and public sewer.
    • No HOA; property has frontage on Beach Lake Creek and sits well above the water; level entry with roll‑in shower and roll‑under vanity.

    Overview

    This renovated two-family duplex in Beach Lake, PA offers two separate, well-defined units. Unit 1 features three bedrooms and a full bath, while Unit 2 has two bedrooms and a full bath. The 2026 renovation scope includes fresh paint, new flooring, updated baths and fixtures, an all-new kitchen in the lower unit, and new siding on the front and more. Each unit is served by its own electric meter and a new breaker panel. The basement is on a separate owner meter with a new panel, and the home includes electric baseboard heat, a private well, and public sewer. The property is set on 0.56 acres with frontage on Beach Lake Creek, and the building sits well above the water. Built in 1979, it also provides 400 amp service for potential future EV hookups if desired.

    The property is in Berlin Township, Wayne County. It is positioned roughly 9 miles from downtown Honesdale and about 5.5 miles from Narrowsburg, NY. It is also within approximately 6.5 miles of the Rt 6 Plaza complex, and the Upper Delaware National Recreation Area public access points are minutes away for paddling, fishing, and tubing. Lake Wallenpaupack and Hawley are about 20 minutes out.

    With separate utilities and updated finishes across both units, this duplex can fit multiple strategies, including owner-occupied “house hack” living, long-term rental income, or short-term rental use tied to the nearby Upper Delaware and lake and ski area attractions. No HOA is in place, and the location supports year-round tenant and guest demand from the surrounding recreation opportunities.

    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 $30.3k $16.80
    − Vacancy −$2.3k −$1.26
    EGI $28.0k $15.54
    − OpEx −$8.4k −$4.66
    NOI $19.6k $10.88
    1,804 SF · lease $16.80/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $280.3K
    $245.3K – $327.1K (±1% cap)
    NOI $19,624 @ 7.0% cap · market cap 5.79%
    Second Best
    Apartment 5plus
    $242.8K
    $212.5K – $283.3K (±1% cap)
    NOI $16,997 @ 7.0% cap · market cap 5.01%
    Theoretical Best
    Office A
    $439.9K
    $384.9K – $513.2K (±1% cap)
    NOI $30,792 @ 7.0% cap · market cap 9.08%
    Zoning and permitted uses should be independently verified with local authorities.
    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
    -75.149632
    Latitude
    41.602933

    Nearby Similar for Sale

    • $334,000
      1,932 SF

      Renovated Two-Unit Duplex Property

      Renovated duplex with separate utilities, two private baths, and room for owner-occupied or rental use.
      9 E Shore Lane, Beach Lake, PA 18405
      View Details
    • $750,000

      Auto Repair Service Facility

      Active auto repair shop with multiple service bays for sale.
      1611 Beach Lake Highway, Beach Lake, PA 18405
      View Details

    FAQs

    What type of property is this?
    Duplex - Renovated duplex with separate electric meters and updated interiors, suited for owner-occupancy or rental flexibility.
    Where is this duplex located?
    The property is located at 9 East 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 two‑family duplex built in 1979 with 1,932 finished SF on 0.56 acres in Berlin Township, Wayne County.; Each unit has its own electric meter and new breaker panel; basement has a separate owner meter with a new panel.; 2026 renovation includes fresh paint, new flooring, updated baths and fixtures, an all‑new kitchen in the lower unit, and new front siding (plus more).
    (570) 585-5800
    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.

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