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Multifamily Portfolio in Hawley, PA

522 Spring Street, Hawley, PA 18428

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For Sale

$6,000,000

MULTI_FAMILY - Hawley, PA

Lot size:

2.96 Acres

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
Reported owner's NOI of approximately $444,400 with a lean 25.7% expense ratio
Utilities and services: public water and public sewer; heating includes natural gas and electric (heating)

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Contact an agent

William Clauss

For Sale

$6,000,000

MULTI_FAMILY - Hawley, PA

Lot size:

2.96 Acres

Added:: Mar 18, 2026
Days on Market:: 107
Last Refresh:: Jul 2 at 2:06 pm

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

We can help!

Contact an agent

William Clauss

Listing agent William Clauss License #AB068616

Listing office Davis R. Chant - Lake Wallenpaupack 2483 Route 6, Milford, PA

Listing date Mar 18, 2026

MLS# PW-260561 Listing URL

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.

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
Reported owner's NOI of approximately $444,400 with a lean 25.7% expense ratio
Utilities and services: public water and public sewer; heating includes natural gas and electric (heating)

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

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Local Demand

City: Hawley
County: Wayne
State: Pennsylvania
Longitude: -75.181077
Latitude: 41.474639

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For sale
Apartment buildings
PA
Hawley
18428
522 Spring Street

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

522 Spring Street, Hawley, PA 18428

MULTI_FAMILY - Hawley, PA

Property Features for 522 Spring Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Two-Unit Apartment Building

Leased Highway Commercial Office Building

Grocery-Anchored Retail Space Available

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