522 Spring Street, Hawley, PA 18428
$6,000,000
Property Type:
Commercial Sale
Square Footage:
36,223
Status:
Active
Current Price:
$6,000,000
List Date:
3/18/2026
Last Modified:
3/26/2026
Overview
Description
Presented exclusively for qualified investors, this offering represents a rare opportunity to acquire a 34-unit multifamily residential portfolio located in Hawley, Pennsylvania, the commercial hub of Wayne County and gateway community to the Pocono Mountains region. The portfolio comprises two distinct residential components: Eagle Village Apartments, a concentrated multifamily complex at 516, 520, and 522 Spring St; and The Heights at Bellemonte / School Avenue, a collection of residential apartment buildings at 141-147 Bellemonte Avenue and 155 School Avenue.
Together, these properties generate $593,940 in annual gross scheduled rent from 34 well-maintained residential units, supplemented by $4,200 in annual laundry income, for a total Gross Potential Income of $598,140. The portfolio is currently 91.2% occupied (31 of 34 units), with three vacant two-bedroom units representing immediate lease-up upside. The seller reports an owner's NOI of approximately $444,400, reflecting a lean expense ratio of 25.7%, significantly below the multifamily industry average of 35%-50%, driven by the portfolio's efficient cost structure and increasing tenant utility responsibility.
The portfolio offers a compelling combination of current cash flow, near-term value-add opportunity, and favorable positioning in a growing Pennsylvania market. With the Pocono Mountains region attracting continued residential demand from remote workers, retirees, and tourism-adjacent renters, Hawley's majority-renter community supports a stable tenant base for sustained investment performance.
Listing Details MLS# PW-260561
General Property Information
- Number Of Buildings
- 7
- Number Of Units Total
- 34
- Building Area Total
- 36223
- Living Area
- 36223
- Year Built
- 1940
- Year Built Details
- See Attached Property Discription in Documents
- Building Name
- Eagle Village Apartments
- Lot Size Acres
- 2.96
- Waterfront YN
- No
- Water Body Name
- None
- Basement YN
- Yes
- Stories
- 3
- List Price/SqFt
- 165.64
Property Features
Basement:
Unfinished
Business Type:
Real Estate; Rental; Residential
Community Features:
Airport/Runway; Fishing; Fitness Center; Lake; Park; Playground; Restaurant; Sidewalks; Street Lights; Tennis Court(s)
Cooling:
Ceiling Fan(s); Central Air; Other
Current Use:
Multi-Family; Residential
Heating:
Electric; Natural Gas
Owner Pays:
Gas; Insurance; Pest Control; Sewer; Water
Parking Features:
Additional Parking; Driveway; Gravel; Off Street; Outside; Parking Lot; Unpaved
Possible Use:
Multi-Family; Residential
Road Frontage Type:
City Street
Road Surface Type:
Paved
Sewer:
Public Sewer
Structure Type:
Multi Family
Tenant Pays:
Cable TV; Electricity
Water Source:
Public
Contract Information
- Listing Contract Date
- 2026-03-18
- Property Sub Type
- Multi Family
- Property Attached YN
- Yes
- Listing Service
- Full Service
- Environmental Survey YN
- No
Location Tax and Legal
- Street Number
- 522
- Street Name
- Spring
- Street Suffix
- Street
- County
- Wayne
- State
- PA
- Postal Code
- 18428
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Presented exclusively for qualified investors, this offering represents a rare opportunity to acquire a 34-unit multifamily residential portfolio located in Hawley, Pennsylvania, the commercial hub of Wayne County and gateway community to the Pocono Mountains region. The portfolio comprises two distinct residential components: Eagle Village Apartments, a concentrated multifamily complex at 516, 520, and 522 Spring St; and The Heights at Bellemonte / School Avenue, a collection of residential apartment buildings at 141-147 Bellemonte Avenue and 155 School Avenue. Together, these properties generate $593,940 in annual gross scheduled rent from 34 well-maintained residential units, supplemented by $4,200 in annual laundry income, for a total Gross Potential Income of $598,140. The portfolio is currently 91.2% occupied (31 of 34 units), with three vacant two-bedroom units representing immediate lease-up upside. The seller reports an owner's NOI of approximately $444,400, reflecting a lean expense ratio of 25.7%, significantly below the multifamily industry average of 35%-50%, driven by the portfolio's efficient cost structure and increasing tenant utility responsibility. The portfolio offers a compelling combination of current cash flow, near-term value-add opportunity, and favorable positioning in a growing Pennsylvania market. With the Pocono Mountains region attracting continued residential demand from remote workers, retirees, and tourism-adjacent renters, Hawley's majority-renter community supports a stable tenant base for sustained investment performance.
Status Change Information
- Major Change Timestamp
- 2026-03-18T19:11:33Z
- Major Change Type
- New Listing
More Information
Income and Expenses
- Annual Total Expense
- 15378
- Electric Expense
- 7652
- Fuel Expense
- 21994
- Gross Scheduled Income
- 593940
- Insurance Expense
- 26888
- Sewer Expense
- 26026
- Trash Expense
- 5294
- Water Expense
- 20147
Location, Tax, and Legal
- Street Additional Info
- See Addendum
- Municipality
- Hawley Borough
- City Region
- Hawley
- High School District
- Wallenpaupack School District
- County Tax Amount
- 7517.36
- Municipal Tax Amount
- 7767.72
- School Tax Amount
- 23162.89
- Tax Annual Amount
- 38447.97
- Tax Year
- 2026
- Tax Assessed Value
- 2158300
- Parcel Number
- 10-0-0004-0178
- Additional Parcels YN
- Yes
- Additional Parcels Description
- See Attached Property Description in Documents
- Tax Book Number
- 6482/648
Basement
- Unfinished
- Yes
Community Features
- Airport/Runway
- Yes
- Fishing
- Yes
- Fitness Center
- Yes
- Lake
- Yes
- Park
- Yes
- Playground
- Yes
- Restaurant
- Yes
- Sidewalks
- Yes
- Street Lights
- Yes
- Tennis Court(s)
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
- Other
- Yes
Current Use
- Multi-Family
- Yes
- Residential
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
Parking Features
- Additional Parking
- Yes
- Driveway
- Yes
- Gravel
- Yes
- Off Street
- Yes
- Outside
- Yes
- Parking Lot
- Yes
- Unpaved
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
Sewer
- Public Sewer
- Yes
Structure Type
- Multi Family
- Yes
Water Source
- Public
- Yes
Business Type
- Real Estate
- Yes
- Rental
- Yes
- Residential
- Yes
Owner Pays
- Gas
- Yes
- Insurance
- Yes
- Pest Control
- Yes
- Sewer
- Yes
- Water
- Yes
Possible Use
- Multi-Family
- Yes
- Residential
- Yes
Tenant Pays
- Cable TV
- Yes
- Electricity
- Yes
Listing Office:
Davis R. Chant - Lake Wallenpaupack
Last Updated: March - 26 - 2026
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