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

Overview

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.

Listing Details MLS# PW-260328

General Property Information

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

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

Contract Information

Listing Contract Date
2026-02-22
Property Sub Type
Multi Family
Listing Service
Full Service

Location Tax and Legal

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

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.

Status Change Information

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

More Information

Unit 1

Unit #
Yes
Actual Rent
1050
Security Deposit $
1050
SqFt Total
1004
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
Rooms Total
7
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes
Lease Expiration Date
2026-12-31

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

Appliances

Electric Oven
Yes
Refrigerator
Yes
Washer/Dryer
Yes

Architectural Style

Duplex Up & Down
Yes

Basement

Full
Yes
Unfinished
Yes
Walk-Out Access
Yes

Cooling

Ceiling Fan(s)
Yes

Current Use

Multi-Family
Yes

Flooring

Carpet
Yes
Luxury Vinyl
Yes

Heating

Electric
Yes

Laundry Features

Common Area
Yes
In Basement
Yes
Laundry Room
Yes

Levels

Two
Yes

Oil, Gas and Mineral Rights

Property Subject To Lease
No

Parking Features

Detached
Yes
Garage
Yes
Off Street
Yes

Patio And Porch Features

Enclosed
Yes
Front Porch
Yes
Rear Porch
Yes

Road Responsibility

Public Maintained Road
Yes

Sewer

Public Sewer
Yes

Structure Type

Duplex
Yes

Water Source

Public
Yes

Owner Pays

Exterior Maintenance
Yes
Insurance
Yes
Sewer
Yes
Snow Removal
Yes
Taxes
Yes

Tenant Pays

Electricity
Yes
Trash Collection
Yes
Water
Yes
Listing Office: SIX PM LLC
Last Updated: February - 22 - 2026
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