# 522 Spring Street, Hawley, PA 18428

> **TL;DR:** residential multi family, $6,000,000, built 1940.
> A/C. Est. $26,000/mo. Listed 23 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $6,000,000 |
| Year Built | 1940 |
| Lot Size | 128,938 sqft (2.96 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 23 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $26,000 |
| **Total** | **$26,000** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1940
- 2.96 acre lot
- 3 stories

## Description

### 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.

## Location

- **Address:** 522 Spring Street, Hawley, PA 18428
- **County:** Wayne
- **Coordinates:** 41.474639, -75.181077
- **Google Maps:** https://www.google.com/maps?q=41.474639,-75.181077

## Listing Agent

- **Name:** William Clauss
- **Brokerage:** Davis R. Chant - Lake Wallenpaupack
- **Phone:** 5704704658
- **Email:** will@will.realtor

## Primary Photo

![522 Spring Street - Primary Photo](http://lh.rdcpix.com/cb08da82110d0a0225cdbb40eae12a4dl-f1429970380r.jpg)

*39 total photos available on [listing page](https://www.propertysimple.com/listing/522-spring-street-hawley-pa-18428-w260561)*

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**MLS#:** PW-260561 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/522-spring-street-hawley-pa-18428-w260561)

---

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