About This Home

This 0-bedroom, 0-bathroom commercial at 522 Spring Street in Hawley, PA is listed for $6,000,000. Built in 1940, on a 2.96 acres lot.

Key Features

  • Built in 1940
  • 2.96 acre lot
  • 3 stories

Property Details

3 stories
1940

Amenities

A/C
Listing 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 an

nual 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.

Monthly Cost Estimate

$32,089/mo

20% down · 6.5% · 30 years

Principal$4,339
Interest$26,000
Insurance$1,750

Estimates only. Actual payments may vary.

Location

522 Spring Street

Hawley, PA 18428

Property Details

Parking

Parking LotDrivewayOff StreetPaved or Surfaced

Heating

Electric (Heating)Natural Gas

Cooling

Central AirCeiling Fan(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 522 Spring Street is listed at $6,000,000. The estimated monthly payment is $32,089 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 2.96 acre lot, 3 stories.

This property is listed by William Clauss.

WC

William Clauss

Agent at Davis R. Chant Real Estate, Inc.

Listed by Davis R. Chant Real Estate, Inc. · Broker phone: (570) 296-7717 · View on Broker Site · Broker website

MLS# PW-260561· Source: Pike/Wayne Association of Realtors MLS· 227 days on PropertySimple

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.

522 Spring Street, Hawley, PA 18428

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