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About This Home
This 0-bedroom, 0-bathroom residential multi family at 522 Spring Street in Hawley, PA is listed for $6,000,000. Built in 1940, on a 2.96 acres lot.
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.
Key Features
- Built in 1940
- 2.96 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$32,089/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
522 Spring Street
Hawley, PA 18428
Property Details
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 522 Spring Street is listed at $6,000,000. The estimated monthly payment is $26,000 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 2.96 acre lot, 3 stories.
This property is listed by William Clauss and can be reached at 5704704658 or will@will.realtor.






































