1797-1799 N Main St · Honesdale, PA 18431

$199,000

4 bd · 2.0 ba · 1,800 sqft · Townhouse · 38 Days on market

Built 1940 Fair condition 2,613 sqft lot

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.4/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• Schools +4.7/10.0
• 1% rule +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

Charming duplex w potential gross income of $31,200. a yr when fully rented with a backyard that borders the beautiful Deyberry Creek! Discover the epitome of small-town living in the heart of Honesdale just moments from shops, parks, eateries & entertainment in Historic Honesdale! This duplex is a hidden gem in this charming historic town. Location offers unbeatable convenience and a rich tapestry of history and culture. Stepping inside, you'll find refinished hardwood floors and an open floorplan wooden staircase. Upstairs you will find 2 spacious bedrooms on each side. Duplex has plenty of closets and two updated bathrooms. The full unfinished basement in 1799 holds incredible potential for storage or the hobbyist. 1797 has a deck that over-looks the Deyberry Creek in the backyard.

Key facts

• 5 parking spots
• Built 1940
• Listed 38 days

Property features AI

Finance

• Financial info: Investment property

Exterior

• Parking: 5 total parking spaces; 5 open parking spaces; Assigned parking; Driveway; Gravel; Direct access; On-site parking; Private parking; Varies by unit; Kitchen-level access
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; 200+ amp electric service; Phone available; Cable connected; Natural gas connected / available
• Home design: Duplex; Townhouse; Residential use (investment); Front, side and basement entries; Entry level 1; 2 stories; 1 common wall
• Construction: Clapboard and wood siding; Unknown additional exterior material; Block, stone and combination foundation; Fiberglass and shingle roof; Built as multi-family zoning
• Exterior features: Porch; Deck; Workshop; Greenbelt; Near public transit; Many trees / wooded; Waterfront; Paved public maintained road; City street frontage

Interior

• Kitchen: Electric oven; Electric range; Refrigerator; Dishwasher; Range hood; Stainless steel appliances; Water heater
• Flooring: Carpet; Laminate; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating; Electric heating; Natural gas heating; Separate meters for heating; Cooling present (other type)
• Interior features: Eat-in kitchen; Open floor plan; Natural woodwork; Double pane windows; Unfurnished; Concrete basement with storage space; Private entrance
• Laundry & utility: Washer and dryer included; Laundry on main level, lower level, in basement, and in kitchen

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $199k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $77 ($925/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (7.6% below list).
• Recommended offer: $184k (7.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#1,220 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, crime A-; Watch: amenities F, commute F, employment F.
• Wayne Highlands SD (town): math 48% / reading 64% proficiency, ranked #115 of 539 in PA (top 21%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 66 active listings in the ZIP; 177 units permitted in Wayne County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $56k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $26k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $183,840 (7.6% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.92% ✗
• Cap rate: 6.76%
• Cash-on-cash: 1.66%
• DSCR: 1.07
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.5%
• Equity multiple: 3.03×
• Total profit: $113,318
• Equity at exit: $179,275

10-year hold

• IRR: 22.4%
• Equity multiple: 6.92×
• Total profit: $329,898
• Equity at exit: $386,613

Cash invested: $55,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 18431

• Home prices YoY: 10.6%
• Active inventory: 66
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,838 medium
• Mortgage (P&I): −$1,044
• Tax est. 1.5%: −$249 /mo · $2,985/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $77

Break-even live

Break-even rent $1,741

Max offer price $199,000

Occupancy floor 91%

Sensitivity live

Price	-10% $215	-5% $146	+0% $77	+5% $8	+10% $-60
Rent	-10% $-68	-5% $4	+0% $77	+5% $150	+10% $222
Rate	-1.0pp $177	-0.5pp $128	base $77	+0.5pp $26	+1.0pp $-27

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $199,000 Active 38 DOM
2. 2026-06-18
   days on market $199,000 Active 36 DOM
3. 2026-06-17
   days on market $199,000 Active 35 DOM
4. 2026-06-16
   days on market $199,000 Active 34 DOM
5. 2026-06-15
   days on market $199,000 Active 33 DOM
6. 2026-06-13
   days on market $199,000 Active 31 DOM
7. 2026-06-12
   days on market $199,000 Active 30 DOM
8. 2026-06-09
   days on market $199,000 Active 27 DOM
9. 2026-06-08
   days on market $199,000 Active 26 DOM
10. 2026-06-08
    days on market $199,000 Active 25 DOM
11. 2026-06-07
    days on market $199,000 Active 24 DOM

    Show marketing remark (801 chars)

    Charming duplex w potential gross income of $31,200. a yr when fully rented with a backyard that borders the beautiful Deyberry Creek! Discover the epitome of small-town living in the heart of Honesdale just moments from shops, parks, eateries & entertainment in Historic Honesdale! This duplex is a hidden gem in this charming historic town. Location offers unbeatable convenience and a rich tapestry of history and culture. Stepping inside, you'll find refinished hardwood floors and an open floorplan wooden staircase. Upstairs you will find 2 spacious bedrooms on each side. Duplex has plenty of closets and two updated bathrooms. The full unfinished basement in 1799 holds incredible potential for storage or the hobbyist. 1797 has a deck that over-looks the Deyberry Creek in the backyard.

12. 2026-06-04
    days on market $199,000 Active 21 DOM
13. 2026-06-02
    days on market $199,000 Active 20 DOM
14. 2026-06-01
    days on market $199,000 Active 19 DOM
15. 2026-05-31
    days on market $199,000 Active 18 DOM
16. 2026-05-13
    listed $225,000 Active 799-char remark
17. 2026-04-21
    price $225,000 801-char remark

    Show marketing remark (801 chars)

    Charming duplex w potential gross income of $31,200. a yr when fully rented with a backyard that borders the beautiful Deyberry Creek! Discover the epitome of small-town living in the heart of Honesdale just moments from shops, parks, eateries & entertainment in Historic Honesdale! This duplex is a hidden gem in this charming historic town. Location offers unbeatable convenience and a rich tapestry of history and culture. Stepping inside, you'll find refinished hardwood floors and an open floorplan wooden staircase. Upstairs you will find 2 spacious bedrooms on each side. Duplex has plenty of closets and two updated bathrooms. The full unfinished basement in 1799 holds incredible potential for storage or the hobbyist. 1797 has a deck that over-looks the Deyberry Creek in the backyard.

18. 2025-10-06
    listed $250,000 Active 801-char remark

    Show marketing remark (801 chars)

    Charming duplex w potential gross income of $31,200. a yr when fully rented with a backyard that borders the beautiful Deyberry Creek! Discover the epitome of small-town living in the heart of Honesdale just moments from shops, parks, eateries & entertainment in Historic Honesdale! This duplex is a hidden gem in this charming historic town. Location offers unbeatable convenience and a rich tapestry of history and culture. Stepping inside, you'll find refinished hardwood floors and an open floorplan wooden staircase. Upstairs you will find 2 spacious bedrooms on each side. Duplex has plenty of closets and two updated bathrooms. The full unfinished basement in 1799 holds incredible potential for storage or the hobbyist. 1797 has a deck that over-looks the Deyberry Creek in the backyard.

19. 2024-06-13
    historical $1,300
20. 2024-04-18
    listed $1,300

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 8 d/yr ≥92°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,061
• − Mortgage interest: −$11,147
• − Property taxes: −$2,985
• − Insurance: −$995
• − Repairs & maintenance: −$1,765
• − Management: −$1,765
• − Depreciation: −$5,789
• Taxable loss: −$2,385
• Est. tax savings @ 24.0%: +$572
• After-tax cash flow: $1,498/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

This property requires significant exterior repairs and maintenance, including roof and siding work, to improve its condition and increase its value.

Repairs flagged

• Major roof — Signs of wear and tear on the roof.
• Major exterior — Weathered siding, visible wear on roof, and overgrown landscaping.
• Major exterior — Overgrown landscaping and a fence that appears to be in need of repair.

Value-add opportunities

• Both Landscaping and exterior painting — Improving curb appeal and increasing both resale and rental value.
• Both Roof repair — Essential for structural integrity and preventing water damage.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Signs of wear and tear on the roof.	Major	$15,000–50,000
exterior · Weathered siding, visible wear on roof, and overgrown landscaping.	Major	$15,000–50,000
exterior · Overgrown landscaping and a fence that appears to be in need of repair.	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both Landscaping and exterior painting — Improving curb appeal and increasing both resale and rental value. ↑
• Both Roof repair — Essential for structural integrity and preventing water damage. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Wayne Highlands SD
• NCES district ID: 4224970
• Math proficiency: 48% ▼ -12.00%
• Reading proficiency: 64% ▼ -10.00%
• Median HH income: $46,476
• Composite: 47.36/100
• National rank: #2292
• State rank: #115 of 539 in PA

Livability — Honesdale

• Score: 64/100
• State rank: #1220
• US rank: #14488

Category grades

Amenities F Commute F Cost of living A+ Crime A- Employment F Housing A Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Honesdale, PA
• Population (ZIP): 12,576

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 47,924 people
• By 2030: 46,191 · -3.6%
• By 2040: 42,815 · -10.7%
• By 2050: 39,873 · -16.8%
• By 2075: 34,556 · -27.9%
• By 2100: 28,358 · -40.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Romanian 7% Lithuanian 2% Subsaharan African 2%
• Foreign-born: 3%
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Wayne

• 2024 margin: Solid R (+37.1) · D 31.1% · R 68.2%
• 2008→2024 swing: -24.8pp toward R · 2008: -12.3pp · 2024: -37.1pp
• All cycles: 2024: R+37.1 2020: R+33.6 2016: R+39.7 2012: R+20.9 2008: R+12.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 30.12%
• Current HPI: 313.5221
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+15207.7% since first listed

7 events — show timeline

• 2026-06-07 Price Changed $199,000 PMAR
• 2026-05-26 Price Changed $199,000 PMAR
• 2026-05-13 Listed $225,000 PMAR
• 2026-04-21 Price Changed $225,000 PMAR
• 2025-10-06 Listed $250,000 PMAR
• 2024-06-13 Rental Removed $1,300 PMAR
• 2024-04-18 Listed for Rent $1,300 PMAR