219 4th St · Honesdale, PA 18431

$169,500

3 bd · 1.0 ba · 1,112 sqft · SingleFamily public records · 179 Days on market

Built 1869 1,307 sqft lot $152/sqft · 24% above area Est $188k · 10% under

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Why this score? — see what drove the B- 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 +19.7/30.0
• ARV discount +12.0/15.0
• Appreciation +10.0/10.0
• DSCR +6.2/10.0
• 1% rule +5.2/10.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to a beautifully remodeled three-bedroom, one-bath home ideally located in the heart of downtown Honesdale. Blending classic charm with modern updates, this move-in-ready property offers comfort, style, and opportunity all in one. Step inside to discover a fresh, thoughtfully updated interior featuring new finishes, updated flooring, and a bright, welcoming atmosphere throughout. Each of the three bedrooms offers flexibility--perfect for a growing household, a home office, or a guest retreat. The fully remodeled bathroom showcases clean lines and modern design, adding to the home's turnkey appeal. What truly sets this property apart is its location. Just steps from Honesdale's shops, restaurants, cafes, and community events, this home places you right in the center of it all. Whether you're looking for a primary residence, an investment property, or a charming weekend escape, the possibilities are endless. With its downtown setting, updated features, and versatile layout, this home is a rare opportunity to own a piece of Honesdale living--where convenience meets character.

Key facts

• Remodeled
• Versatile layout
• Updated flooring

Tags

• REMODELED
• UPDATED FLOORING
• FULLY REMODELED BATHROOM
• DOWNTOWN SETTING
• VERSATILE LAYOUT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $144 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $149k (12.0% below list) — sets the bar for market timing.

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; 2 comparable units currently listed for rent nearby; 177 units permitted in Wayne County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k 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 $47k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 179 days — a 12% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 3y ago; this cycle's ask is 9343% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1869 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 179 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1869 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.02% ✓
• Cap rate: 7.71%
• Cash-on-cash: 5.05%
• DSCR: 1.22
• GRM: 8.2

CMA / ARV

• ARV (median comp): $188,408
• List price: $169,500
• Delta: -10.04%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4 Beechwood Dr	0.44mi	3/1.5	1,112 (0%)	5mo	$220,000	$198	73
111 Cliff St	0.09mi	3/1.5	1,254 (+13%)	11mo	$130,000	$104	64
771 Ridge St	0.57mi	2/1.5 (-1)	1,100 (-1%)	5mo	$226,000	$205	60
426 Grove St	0.50mi	3/2.0	1,162 (+4%)	6mo	$168,500	$145	60
325 Terrace St	0.40mi	3/1.0	1,078 (-3%)	21mo	$150,000	$139	59
4 Crestmont Dr	0.46mi	3/1.5	1,216 (+9%)	5mo	$285,000	$234	57
310 Ridge St	0.31mi	2/1.0 (-1)	990 (-11%)	7mo	$143,000	$144	56
220 Erie St	0.15mi	3/1.5	1,264 (+14%)	22mo	$185,000	$146	50
121 Cottage St	0.19mi	2/1.0 (-1)	964 (-13%)	20mo	$182,000	$189	48
303 High St	0.66mi	3/1.0	1,211 (+9%)	14mo	$60,000	$50	43
603 High St	0.70mi	2/2.0 (-1)	1,185 (+7%)	12mo	$220,000	$186	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 26.9%
• Equity multiple: 3.14×
• Total profit: $101,543
• Equity at exit: $152,699

10-year hold

• IRR: 23.6%
• Equity multiple: 7.15×
• Total profit: $291,929
• Equity at exit: $329,301

Cash invested: $47,460 (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: 8.2×

Monthly cashflow live

• Estimated rent: $1,730 medium
• Mortgage (P&I): −$889
• Tax from tax record: −$207 /mo · $2,488/yr
• Insurance: −$71
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $144

Break-even live

Break-even rent $1,547

Max offer price $169,500

Occupancy floor 87%

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: $42,375
• Closing costs: $5,085
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
139 Cliff St Honesdale, PA	3.0	2.0	900	$1,800	$2.00	4d	1	0.12mi
1223 East St Honesdale, PA	2.0	1.0	1170	$1,400	$1.20	13d	1	0.67mi

Listing history 42 events

1. 2026-06-18
   days on market $169,500 Active 179 DOM
2. 2026-06-17
   days on market $169,500 Active 178 DOM
3. 2026-06-16
   days on market $169,500 Active 177 DOM
4. 2026-06-15
   days on market $169,500 Active 176 DOM
5. 2026-06-13
   days on market $169,500 Active 174 DOM
6. 2026-06-12
   days on market $169,500 Active 173 DOM
7. 2026-06-09
   days on market $169,500 Active 170 DOM
8. 2026-06-08
   days on market $169,500 Active 169 DOM
9. 2026-06-08
   days on market $169,500 Active 168 DOM
10. 2026-06-07
    days on market $169,500 Active 167 DOM
11. 2026-06-04
    days on market $169,500 Active 164 DOM
12. 2026-06-02
    days on market $169,500 Active 163 DOM
13. 2026-06-01
    days on market $169,500 Active 162 DOM
14. 2026-05-31
    days on market $169,500 Active 161 DOM
15. 2026-02-16
    historical $1,795
16. 2026-02-06
    listed $1,795
17. 2026-02-01
    historical $1,795
18. 2025-12-31
    listed $1,795
19. 2025-12-18
    listed $169,500 Active 1097-char remark

    Show marketing remark (1097 chars)

    Welcome to a beautifully remodeled three-bedroom, one-bath home ideally located in the heart of downtown Honesdale. Blending classic charm with modern updates, this move-in-ready property offers comfort, style, and opportunity all in one. Step inside to discover a fresh, thoughtfully updated interior featuring new finishes, updated flooring, and a bright, welcoming atmosphere throughout. Each of the three bedrooms offers flexibility--perfect for a growing household, a home office, or a guest retreat. The fully remodeled bathroom showcases clean lines and modern design, adding to the home's turnkey appeal. What truly sets this property apart is its location. Just steps from Honesdale's shops, restaurants, cafes, and community events, this home places you right in the center of it all. Whether you're looking for a primary residence, an investment property, or a charming weekend escape, the possibilities are endless. With its downtown setting, updated features, and versatile layout, this home is a rare opportunity to own a piece of Honesdale living--where convenience meets character.

20. 2025-08-29
    historical $1,695
21. 2025-08-17
    listed $1,695
22. 2025-08-01
    historical $1,725
23. 2025-07-01
    listed $1,725
24. 2025-05-08
    historical $1,695
25. 2025-05-04
    historical $1,695
26. 2025-05-01
    listed $1,695
27. 2025-03-14
    listed $1,695
28. 2025-03-14
    historical $1,695
29. 2025-03-11
    listed $1,695
30. 2025-02-04
    price $145,000
31. 2025-01-17
    price $150,000
32. 2025-01-03
    price $159,900
33. 2024-11-22
    listed $165,000 Active
34. 2024-03-14
    historical $1,695
35. 2024-01-28
    listed $1,695
36. 2024-01-28
    historical $1,695
37. 2024-01-27
    listed $1,695
38. 2024-01-20
    historical $1,695
39. 2023-12-28
    price $1,695
40. 2023-12-19
    listed $1,750
41. 2023-12-19
    historical $1,750
42. 2023-12-19
    listed $1,750

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

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $2,488 · $207/mo
• Projected year-2 tax: $2,583 · $215/mo
• Expected delta: +$95/yr (+$8/mo · 3.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 79% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 8 d/yr ≥92°F today · 19 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: $20,755
• − Mortgage interest: −$9,495
• − Property taxes: −$2,488
• − Insurance: −$1,514
• − Repairs & maintenance: −$1,660
• − Management: −$1,660
• − Depreciation: −$4,931
• Taxable loss: −$993
• Est. tax savings @ 24.0%: +$238
• After-tax cash flow: $1,966/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.

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

+2.6% since first listed

28 events — show timeline

• 2026-02-16 Rental Removed $1,795 PWMLS
• 2026-02-06 Listed for Rent $1,795 PWMLS
• 2026-02-01 Rental Removed $1,795 TURBOTENANT
• 2025-12-31 Listed for Rent $1,795 TURBOTENANT
• 2025-12-18 Listed $169,500 PWMLS
• 2025-08-29 Rental Removed $1,695 TURBOTENANT
• 2025-08-17 Listed for Rent $1,695 TURBOTENANT
• 2025-08-01 Rental Removed $1,725 TURBOTENANT
• 2025-07-01 Listed for Rent $1,725 TURBOTENANT
• 2025-05-08 Rental Removed $1,695 TURBOTENANT
• 2025-05-04 Rental Removed $1,695 GSBR
• 2025-05-01 Listed for Rent $1,695 TURBOTENANT
• 2025-03-14 Listed for Rent $1,695 GSBR
• 2025-03-14 Rental Removed $1,695 TURBOTENANT
• 2025-03-11 Listed for Rent $1,695 TURBOTENANT
• 2025-02-04 Price Changed $145,000 GSBR as distributed by MLS GRID
• 2025-01-17 Price Changed $150,000 GSBR as distributed by MLS GRID
• 2025-01-03 Price Changed $159,900 GSBR as distributed by MLS GRID
• 2024-11-22 Listed $165,000 GSBR as distributed by MLS GRID
• 2024-03-14 Rental Removed $1,695 APPFOLIO
• 2024-01-28 Listed for Rent $1,695 APPFOLIO
• 2024-01-28 Rental Removed $1,695 TURBOTENANT
• 2024-01-27 Listed for Rent $1,695 TURBOTENANT
• 2024-01-20 Rental Removed $1,695 APPFOLIO
• 2023-12-28 Price Changed $1,695 APPFOLIO
• 2023-12-19 Listed for Rent $1,750 APPFOLIO
• 2023-12-19 Rental Removed $1,750 TURBOTENANT
• 2023-12-19 Listed for Rent $1,750 TURBOTENANT

Property tax history

+7.3%/yr

Latest (2026): $2,488 · +1.9% YoY. Source: county tax records.