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$6,000,000
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Property 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.
Full Property Details
Full Property Details for 522 Spring St
General
- Price: $6,000,000
- Taxes: $38,447
- Status: Active
- Type: Commercial Lease
- Source: 2103
- MLS ID: PW260561
- Updated: 3/18/2026
- Added to Site: 17 day(s) ago
Business
- Business Type: Real Estate, Residential, Rental
Additional Information
- Amenities: Airport/Runway, Playground, Tennis Court(s), Street Lights, Sidewalks, Restaurant, Park, Lake, Fishing, Fitness Center
Parking
- Parking Features: Additional Parking, Unpaved, Parking Lot, Off Street, Outside, Gravel, Driveway
Location
- County: Wayne
- Subdivision: None
- Driving Directions: From 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 Heights'' is back towards Lake Wallenpaupack just a quarter mile up the road on the left.
School Information
- High School District: Wallenpaupack School District
Heating & Cooling
- Central air: Yes
- Cooling Type: Ceiling Fan(s), Other, Central Air
- Heating Type: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Detached/Attached: Attached
- Basement: Yes
- Basement Desc.: Unfinished
- Stories/Levels: 3
- Building Size: 36223
- Square Feet: 36,223
- Current Bldg. Use: Multi-Family, Residential
- Year Built: 1940
Lot Features
- Lot Size (Acres): 2.96
- Frontage: City Street
Financial Considerations
- Tax Amount: $38,447.97
- Tenant Pays: Cable TV, Electricity
Disclosures and Reports
- Property ID: 10-0-0004-0178
Listed by Davis R. Chant - Lake Wallenpaupack
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Schools
Schools serving 522 Spring St
School District:Wallenpaupack Area School District
| Name | Grades | Distance |
|---|---|---|
Wallenpaupack Pri School 158 Atlantic Avenue, Hawley, PA 18428 | K-2 | 1.3 mi |
Wallenpaupack North Intrmd School 187 Atlantic Avenue, Hawley, PA 18428 | 3-5 | 1.3 mi |
Wallenpaupack Area Middle School 139 Atlantic Avenue, Hawley, PA 18428 | 6-8 | 1.3 mi |
Wallenpaupack Area High School 2552 Route 6, Hawley, PA 18428 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 522 Spring St
Date
Details
Price
Change
Source
3/18/2026
Listed
$6,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 522 Spring St
522 Spring Street, Hawley, PA 18428 (MLS# PW260561) is a Commercial Lease property. 522 Spring Street is currently listed for $6,000,000 and was received on March 18, 2026. Want to learn more about 522 Spring Street? Do you have questions about finding other Commercial Lease real estate for sale in Hawley? You can browse all Hawley real estate or contact a Coldwell Banker agent to request more information.

