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$6,000,000

For Sale

18 days ago

522 Spring St, Hawley, PA

House

MLS® PW260561

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $38,448
Days Active 17
Lot Size 
Approx. Age 1940
MLS® Number PW260561

Property Address: 522 Spring St, Hawley, PA, 18428-1467

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPW260561
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1940
BasementUnfinished
DrivewayAdditional Parking, Unpaved, Parking Lot, Off Street, Outside, Gravel, Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 18, 2026List Date
$6,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
522 Spring St, Hawley, PA

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