Acreage For Sale near Lake Wallenpaupack

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.

Property Details

  • Location: Lake Wallenpaupack
  • Acres: 2.960
  • County: Wayne County
  • Property Taxes: $38,448
  • MLS #: PW-260561

Location

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Contact Information:

Contact Agent
Buyer's Agent: Jennifer Dwan
The Payne Team
570-390-9267
Please say you found it on Lakehouse.com !
Listing Agent: William Clauss, Davis R. Chant Real Estate, Inc., 570-470-4658, 570-226-4518 Listing Site, Listing Status: Active
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.

Ad Statistics:

Lake Acreage For Sale in Hawley, Pennsylvania
Ad Number : 7436798
Viewed: 3 times
Added: Mar 18, 2026
Updated on: Mar 18, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.