Multifamily Portfolio in Hawley,
522 Spring Street Hawley, PA 18428
For Sale
$6,000,000
MULTI_FAMILY - Hawley, PA
Lot Size2.96 Acres
Days on Market129
Property Features for 522 Spring Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Parking Lot, Driveway, Off Street, Paved or Surfaced
- Basement
- Unfinished
- Standard status
- Active
- APN
- 10-0-0004-0178
- Lot size
- 2.96 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 38448
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Electric (Heating)
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 3
- Number of units
- 34
Listing Agency:
Davis R. Chant - Lake Wallenpaupack
(570) 226-4518
Listed By:
William Clauss · License #AB068616
(570) 470-4658
Added: Mar 18
Changed: Jun 10
Last Checked: Jul 24 at 3:06PM
MLS# PW-260561
Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire a 34-unit multifamily residential portfolio in Hawley, Pennsylvania. The portfolio comprises two residential components: Eagle Village Apartments, a 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. The properties generate $593,940 in annual gross scheduled rent from 34 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). The seller reports an owner's NOI of approximately $444,400, reflecting a lean expense ratio of 25.7%. The portfolio is located in Hawley, Pennsylvania, the commercial hub of Wayne County and gateway community to the Pocono Mountains region. The lot size is 2.96 acres. The portfolio offers a combination of current cash flow, near-term value-add opportunity, and positioning in a growing Pennsylvania market. The Pocono Mountains region attracts residential demand from remote workers, retirees, and tourism-adjacent renters, Hawley's majority-renter community supports a stable tenant base for sustained investment performance.
Key Highlights
- 34‑unit multifamily portfolio in Hawley, PA with annual gross scheduled rent of $593,940 plus $4,200 annual laundry income
- Currently 91.2% occupied (31 of 34 units) with three vacant 2‑bedroom units available for immediate lease‑up
- Two residential components: Eagle Village Apartments at 516, 520, and 522 Spring St, and The Heights at Bellemonte/School Ave at 141‑147 Bellemonte Ave and 155 School Ave
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 34-unit multifamily portfolio in Hawley, PA with value-add opportunity.
Where is this apartment building located?
The property is located at 522 Spring Street Hawley, PA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 34‑unit multifamily portfolio in Hawley, PA with annual gross scheduled rent of $593,940 plus $4,200 annual laundry income; Currently 91.2% occupied (31 of 34 units) with three vacant 2‑bedroom units available for immediate lease‑up; Two residential components: Eagle Village Apartments at 516, 520, and 522 Spring St, and The Heights at Bellemonte/School Ave at 141‑147 Bellemonte Ave and 155 School Ave
