x
Showing 1 of 0
X
Save

522 Spring Street
Hawley PA 18428 US

$6,000,000

Active Listing ID PW-260561
lot icon
Lot: 2.96 Acres
home icon
Other

$6,000,000

Active Listing ID PW-260561
Save

522 Spring Street 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.

Collapse all

Property Features

  • Facts
  • Lot Size: 2.96 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Ceiling Fan(s), Central Air
  • Heating Fuels: Natural Gas, Electric (Heating)
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 6000000
  • unparsedaddress: 522 Spring Street
  • postalcity: Hawley
  • stateorprovince: PA
  • country: US
  • postalcode: 18428
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 2.96
  • lotsizeunits: Acres
  • lotsizearea: 2.96
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.474639
  • longitude: -75.181077
  • listagentfullname: William Clauss
  • listagentemail: will@will.realtor
  • listagentkey: 3yd-PWARPA-aussw
  • listagentmlsid: aussw
  • listagentpreferredphone: 5704704658
  • listagentofficephone: 5702264518
  • listofficekey: 3yd-PWARPA-AWLEY
  • listofficemlsid: AWLEY
  • disclaimer: 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.
  • sourcesystemid: PWARPA
  • yearbuilt: 1940
  • listingcontractdate: 2026-03-18
  • listagentfax: 5702264566
  • listagenturl: www.Will.Realtor
  • countyorparish: Wayne
  • parcelnumber: 10-0-0004-0178
  • elementaryschooldistrict: Wallenpaupack School District
  • middleorjuniorschooldistrict: Wallenpaupack School District
  • highschooldistrict: Wallenpaupack School District
  • cooling: Ceiling Fan(s), Central Air
  • heating: Natural Gas, Electric (Heating)
  • numberofunitstotal: 34
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • parkingfeatures: Paved or Surfaced, Parking Lot, Driveway, Off Street
  • waterfrontyn: False
  • franchiseaffiliation: Independent
  • rooms: Basement
  • basement: Unfinished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.181076, 41.47464
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Davis R. Chant Real Estate, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"will@will.realtor", "ListBrokerageCity":"Milford", "ListBrokerageCountry":"US", "ListBrokerageEmail":"davechant@chantre.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/PWARPA/065f5b812afd11e0b5ba00219b994c72/20110218151920761.png", "ListBrokerageName":"Davis R. Chant Real Estate, Inc.", "ListBrokeragePhone":"(570) 296-7717", "ListBrokeragePostalCode":"18337", "ListBrokerageStateOrProvince":"PA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"106 E. Harford Street", "ListBrokerageWebsiteUrl":"http://www.chantre.com", "ListOfficeAddress1":"2483 Route 6 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"AWLEY", "ListOfficeCity":"Hawley", "ListOfficeCountry":"USA", "ListOfficeEmail":"paupack@chantre.com", "ListOfficePostalCode":"18428", "ListOfficeStateOrProvince":"PA", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Hawley, PA", "ListingURL":null, "MLSModificationTimestamp":"2026-03-27 04:02:27", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":38448, "TaxDescription":null, "TaxYear":"2026"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/6/2026 1:11:42 AM GMT
Source Updated Date: 4/8/2026 12:58:13 PM GMT

Courtesy of: William Clauss, Davis R. Chant - Lake Wallenpaupack, will@will.realtor

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.