522 Spring Street, Hawley, PA 18428
$6,000,000
Property Type:
Commercial Sale
Square Footage:
36,223
Status:
Active
Current Price:
$6,000,000
List Date:
3/18/2026
Last Modified:
3/26/2026
Listing Details MLS# PW-260561
General Property Information
- Number Of Buildings
- 7
- Number Of Units Total
- 34
- Building Area Total
- 36223
- Living Area
- 36223
- Year Built
- 1940
- Year Built Details
- See Attached Property Discription in Documents
- Building Name
- Eagle Village Apartments
- Lot Size Acres
- 2.96
- Waterfront YN
- No
- Water Body Name
- None
- Basement YN
- Yes
- Stories
- 3
- List Price/SqFt
- 165.64
Property Features
Basement:
Unfinished
Business Type:
Real Estate; Rental; Residential
Community Features:
Airport/Runway; Fishing; Fitness Center; Lake; Park; Playground; Restaurant; Sidewalks; Street Lights; Tennis Court(s)
Cooling:
Ceiling Fan(s); Central Air; Other
Current Use:
Multi-Family; Residential
Heating:
Electric; Natural Gas
Owner Pays:
Gas; Insurance; Pest Control; Sewer; Water
Parking Features:
Additional Parking; Driveway; Gravel; Off Street; Outside; Parking Lot; Unpaved
Possible Use:
Multi-Family; Residential
Road Frontage Type:
City Street
Road Surface Type:
Paved
Sewer:
Public Sewer
Structure Type:
Multi Family
Tenant Pays:
Cable TV; Electricity
Water Source:
Public
Contract Information
- Listing Contract Date
- 2026-03-18
- Property Sub Type
- Multi Family
- Property Attached YN
- Yes
- Listing Service
- Full Service
- Environmental Survey YN
- No
Location Tax and Legal
- Street Number
- 522
- Street Name
- Spring
- Street Suffix
- Street
- County
- Wayne
- State
- PA
- Postal Code
- 18428
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Major Change Timestamp
- 2026-03-18T19:11:33Z
- Major Change Type
- New Listing
More Information
Income and Expenses
- Annual Total Expense
- 15378
- Electric Expense
- 7652
- Fuel Expense
- 21994
- Gross Scheduled Income
- 593940
- Insurance Expense
- 26888
- Sewer Expense
- 26026
- Trash Expense
- 5294
- Water Expense
- 20147
Listing Office:
Davis R. Chant - Lake Wallenpaupack
Last Updated: March - 26 - 2026
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