Hawley, PA 18428 522 Spring Street

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Presented By: William Clauss with Davis R. Chant – Lake Wallenpaupack.
  • MLS# PW260561
  • 03/18/2026
  • Request Tour
  • Request Info

Jimmy Learn

Price $6,000,000
MLS#PW260561
List Date 03/18/2026
Property Type Commercial
Phone 570.905.0364
Request Tour
Request Info
Visit My Website
  • SQFT • 36,223

Home Details

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.
Presented By: William Clauss with Davis R. Chant – Lake Wallenpaupack.

Interior Features for 522 Spring Street

Other Interior Features

BasementUnfinished
Basement (Y/N)Yes

General for 522 Spring Street

Additional Parcels DescriptionSee Attached Property Description in Documents
Additional Parcels Y/NYes
Body of WaterNone
Building NameEagle Village Apartments
Business TypeReal Estate, Residential, Rental
CityHawley
Community FeaturesAirport/Runway, Playground, Tennis Court(s), Street Lights, Sidewalks, Restaurant, Park, Lake, Fishing, Fitness Center
CoolingCeiling Fan(s), Other, Central Air
CountyWayne
Current UseMulti-Family, Residential
DirectionsFrom Interstate 84, take Exit 30 and head north on PA-402. After 4.5 miles, turn left onto US-6. After 5.1 Miles you’ve reached the destination at Eagle Village Apartments. The property known as ”The
Electric Expense7652
HeatingElectric, Natural Gas
High School DistrictWallenpaupack School District
Insurance Expense26888
Number Of Units Total34
OwnerPaysGas, Water, Pest Control, Sewer, Insurance
Possible UseMulti-Family, Residential
Property Attached Y/NYes
Property SubtypeMulti Family
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count3
Structure TypeMulti Family
Subdivision NameNone
Tax Annual Amount38447.97
Tax Assessed Value2158300
Tax Year2026
Tenant PaysCable TV, Electricity
Year Built1940
Year Built DetailsSee Attached Property Discription in Documents

Exterior for 522 Spring Street

Building Area Total36223
Lot Size Acres2.96
Number of Buildings7
Parking FeaturesAdditional Parking, Unpaved, Parking Lot, Off Street, Outside, Gravel, Driveway
Road Frontage TypeCity Street
Road Surface TypePaved
Water SourcePublic

Additional Details

Price History

Jimmy Learn

Price $6,000,000
MLS#PW260561
List Date 03/18/2026
Property Type Commercial
Phone 570.905.0364
Request Tour
Request Info
Visit My Website

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