247 B Terrace Street, Honesdale, PA 18431
$205,000
Property Type:
Residential Income
Bedrooms:
4
Baths:
2
Square Footage:
1,584
Status:
Closed
Current Price:
$205,000
List Date:
3/27/2025
Last Modified:
8/29/2025
Description
MULTI-FAMILY - HONESDALE - INVESTMENT OPPORTUNITY - FULLY RENTED - $205,000.
Just Listed! 2-Unit Multi-Family Property in Honesdale. A fantastic investment opportunity! This property features 2 well-maintained units with separate entrances, plenty of space and functionality. The lower unit offers 3 bedrooms, 1 bath, a spacious living room, kitchen, ample storage space, enclosed exterior back room, front entrance and additional side entrance. The second unit has 1 bedroom, a full bath, small deck and front entrance with stairs. Includes off street dedicated parking-2 spaces per unit. Walk to school, church, and shops. It's a must-see. Both units are occupied. Schedule a viewing today.
More Information MLS# PW-250719
Contract Information
Property Attached YN: No
Listing Service: Full Service
Current Price: $205,000
Sold Price: $205,000
Status: Closed
Listing Contract Date: 2025-03-27
Property Sub Type: Multi Family
Location, Tax, and Legal
Municipality: Honesdale Borough
City Region: Honesdale
High School District: Wayne Highlands
County Tax Amount: 511.3
Municipal Tax Amount: 1112.74
School Tax Amount: 1853.2
Tax Annual Amount: 3477.24
Tax Year: 2025
Parcel Number: 11-0-0012-0007
Additional Parcels YN: No
Zoning: Residential
Zoning Description: Multi-Family
Tax Book Number: R-4638/215
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Bathrooms Half: 0
Above Grade Finished Area: 946
Below Grade Finished Area: 832
Lot Size Acres: 0.44
Association YN: No
Year Built Source: Public Records
New Construction YN: No
Garage YN: No
Garage Spaces: 0
Waterfront YN: No
Water Body Name: None
Basement YN: Yes
Stories: 2
List Price/SqFt: 129.42
Sold Price/SqFt: 129.42
Bedrooms Total: 4
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 1584
Year Built: 1900
Remarks and Miscellaneous
Public Remarks: MULTI-FAMILY - HONESDALE - INVESTMENT OPPORTUNITY - FULLY RENTED - $205,000.
Just Listed! 2-Unit Multi-Family Property in Honesdale. A fantastic investment opportunity! This property features 2 well-maintained units with separate entrances, plenty of space and functionality. The lower unit offers 3 bedrooms, 1 bath, a spacious living room, kitchen, ample storage space, enclosed exterior back room, front entrance and additional side entrance. The second unit has 1 bedroom, a full bath, small deck and front entrance with stairs. Includes off street dedicated parking-2 spaces per unit. Walk to school, church, and shops. It's a must-see. Both units are occupied. Schedule a viewing today.
Inclusions: 2 stoves and 2 refrigerators which belong to owner.
Status Change Information
Concessions: Yes
Buyer Financing: FHA
Concessions Amount: 10516
Major Change Timestamp: 2025-07-02T17:36:41Z
Major Change Type: Status Change
Purchase Contract Date: 2025-05-13
Close Date: 2025-07-02
Close Price: 205000
Appliances
Electric Oven: 1
Electric Range: 1
Refrigerator: 1
Architectural Style
Traditional: 1
Basement
Concrete: 1
Full: 1
Heated: 1
Unfinished: 1
Construction Materials
Shingle Siding: 1
Cooling
None: 1
Current Use
Multi-Family: 1
Electric
200+ Amp Service: 1
Exterior Features
Private Yard: 1
Flooring
Carpet: 1
Linoleum: 1
Vinyl: 1
Foundation Details
Stone: 1
Heating
Electric: 1
Natural Gas: 1
Interior Features
Laminate Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Two: 1
Lot Features
Back Yard: 1
Parking Features
Off Street: 1
Patio And Porch Features
Deck: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Water Source
Public: 1
Window Features
Insulated Windows: 1
Income and Expenses
Annual Total Expense: 8435.29
Insurance Expense: 1266.96
Licenses Expense: 50
Maintenance Expense: 750
Other Expense: 200
Sewer Expense: 1355.4
Water Expense: 1584
Unit 1
Unit #: 1A
Actual Rent: 1100
SqFt Total: 1000
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 2
Unit #: 1B
Actual Rent: 900
SqFt Total: 584
Baths Total: 1
Beds Total: 1
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Owner Pays
Grounds Care: 1
Insurance: 1
Repairs: 1
Sewer: 1
Snow Removal: 1
Taxes: 1
Water: 1
Tenant Pays
Electricity: 1
Gas: 1
Trash Collection: 1
Operating Expense Includes
Insurance: 1
Licenses: 1
Maintenance: 1
Snow Removal: 1
Water/Sewer: 1
Location Tax and Legal
Street Number: 247 B
Street Name: Terrace
Street Suffix: Street
County: Wayne
State: PA
Postal Code: 18431
Subdivision Name: None
Property Features
Appliances: Electric Oven; Electric Range; Refrigerator
Architectural Style: Traditional
Basement: Concrete; Full; Heated; Unfinished
Construction Materials: Shingle Siding
Cooling: None
Current Use: Multi-Family
Electric: 200+ Amp Service
Exterior Features: Private Yard
Flooring: Carpet; Linoleum; Vinyl
Foundation Details: Stone
Heating: Electric; Natural Gas
Interior Features: Laminate Counters
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Two
Lot Features: Back Yard
Operating Expense Includes: Insurance; Licenses; Maintenance; Snow Removal; Water/Sewer
Owner Pays: Grounds Care; Insurance; Repairs; Sewer; Snow Removal; Taxes; Water
Parking Features: Off Street
Patio And Porch Features: Deck
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Metal
Sewer: Public Sewer
Tenant Pays: Electricity; Gas; Trash Collection
Utilities: Cable Available; Electricity Available; Sewer Available; Water Available
Water Source: Public
Window Features: Insulated Windows
Documents
Lead-Based Paint Hazards Disclosure ›
Listing Office:
Davis R. Chant - Honesdale
Last Updated: August - 29 - 2025
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