260 Terrace Street, Honesdale, PA 18431

$299,000
Property Type: Residential Income Bedrooms: 6 Baths: 2 Square Footage: 1,974 Status: Active
Current Price: $299,000 List Date: 2/22/2026 Last Modified: 2/22/2026

Description

Located in the heart of charming Honesdale, this well-situated duplex sits conveniently between the schools and Main Street, offering walkability and long-term rental appeal. The property features two spacious units, each offering 3 bedrooms, generous living areas, and ample storage throughout. Tenants enjoy a shared basement laundry area equipped with individual washer and dryer hookups for each unit, adding everyday convenience and value. Outside, the property includes off-street parking and a large detached two-car garage -- a rare bonus for in-town living. With a current annual gross income of $27,600, this property presents a solid opportunity for investors seeking steady returns, or for an owner-occupant looking to offset living expenses while building equity in a desirable location. Tenants pay electric and water and garbage.

More Information MLS# PW-260328

Contract Information

Listing Service: Full Service Current Price: $299,000 List Price: $299,000 Status: Active Listing Contract Date: 2026-02-22 Property Sub Type: Multi Family

Location, Tax, and Legal

Municipality: Honesdale Borough High School District: Wayne Highlands County Tax Amount: 525.24 Municipal Tax Amount: 1143.06 School Tax Amount: 1970.35 Tax Annual Amount: 3638.65 Tax Assessed Value: 150800 Parcel Number: 11-0-0011-0125 Tax Book Number: R-5809/264

General Property Information

Number Of Buildings: 1 Number Of Units Total: 2 Bathrooms Half: 0 Above Grade Finished Area: 1974 Below Grade Finished Area: 800 Lot Size Acres: 0.25 Lot Size Dimensions: 157’x 84’x 153’ x 83’ Association YN: No Year Built Source: Public Records New Construction YN: No Garage YN: Yes Garage Spaces: 2 Waterfront YN: No Water Body Name: None Stories: 2 List Price/SqFt: 151.47 Bedrooms Total: 6 Bathrooms Total: 2 Bathrooms Full: 2 Living Area: 1974 Year Built: 1869

Remarks and Miscellaneous

Public Remarks: Located in the heart of charming Honesdale, this well-situated duplex sits conveniently between the schools and Main Street, offering walkability and long-term rental appeal. The property features two spacious units, each offering 3 bedrooms, generous living areas, and ample storage throughout. Tenants enjoy a shared basement laundry area equipped with individual washer and dryer hookups for each unit, adding everyday convenience and value. Outside, the property includes off-street parking and a large detached two-car garage -- a rare bonus for in-town living. With a current annual gross income of $27,600, this property presents a solid opportunity for investors seeking steady returns, or for an owner-occupant looking to offset living expenses while building equity in a desirable location. Tenants pay electric and water and garbage.

Appliances

Electric Oven: 1 Refrigerator: 1 Washer/Dryer: 1

Architectural Style

Duplex Up & Down: 1

Basement

Full: 1 Unfinished: 1 Walk-Out Access: 1

Cooling

Ceiling Fan(s): 1

Current Use

Multi-Family: 1

Flooring

Carpet: 1 Luxury Vinyl: 1

Heating

Electric: 1

Laundry Features

Common Area: 1 In Basement: 1 Laundry Room: 1

Levels

Two: 1

Oil, Gas and Mineral Rights

Property Subject To Lease: No

Parking Features

Detached: 1 Garage: 1 Off Street: 1

Patio And Porch Features

Enclosed: 1 Front Porch: 1 Rear Porch: 1

Road Responsibility

Public Maintained Road: 1

Sewer

Public Sewer: 1

Structure Type

Duplex: 1

Water Source

Public: 1

Unit 1

Unit #: 1 Actual Rent: 1050 Security Deposit $: 1050 SqFt Total: 1004 Baths Total: 1 Beds Total: 3 Rooms Total: 6 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes Lease Expiration Date: 2026-10-31

Unit 2

Unit #: 2 Actual Rent: 1250 Security Deposit $: 1250 SqFt Total: 943 Baths Total: 1 Beds Total: 3 Rooms Total: 7 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes Lease Expiration Date: 2026-12-31

Owner Pays

Exterior Maintenance: 1 Insurance: 1 Sewer: 1 Snow Removal: 1 Taxes: 1

Tenant Pays

Electricity: 1 Trash Collection: 1 Water: 1

Location Tax and Legal

Street Number: 260 Street Name: Terrace Street Suffix: Street County: Wayne State: PA Postal Code: 18431 Subdivision Name: None

Status Change Information

Major Change Timestamp: 2026-02-22T15:03:10Z Major Change Type: New Listing

Property Features

Appliances: Electric Oven; Refrigerator; Washer/Dryer Architectural Style: Duplex Up & Down Basement: Full; Unfinished; Walk-Out Access Cooling: Ceiling Fan(s) Current Use: Multi-Family Flooring: Carpet; Luxury Vinyl Heating: Electric Laundry Features: Common Area; In Basement; Laundry Room Levels: Two Owner Pays: Exterior Maintenance; Insurance; Sewer; Snow Removal; Taxes Parking Features: Detached; Garage; Off Street Patio And Porch Features: Enclosed; Front Porch; Rear Porch Road Responsibility: Public Maintained Road Sewer: Public Sewer Structure Type: Duplex Tenant Pays: Electricity; Trash Collection; Water Water Source: Public
Listing Office: SIX PM LLC
Last Updated: February - 22 - 2026
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.