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Eagle Village Apartments and Condominuims 141 Bellemonte Ave 34 Unit Apartment Building $6,000,000 ($176,471/Unit) 7.41% Cap Rate Hawley, PA 18428
Investment Highlights
- Downtown Hawley, Walking distance to shops, stores, banks, coffee shops, restaurants, etc.
- Nearby industry, highly rated school district, Lake Wallenpaupack, college, etc.
- Remodeled Apartments
Executive Summary
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.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $176,471 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.84 AC |
| Cap Rate | 7.41% | Building Size | 33,413 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.1 | No. Stories | 3 |
| No. Units | 34 | Year Built | 1890 |
| Property Type | Multifamily | Parking Ratio | 1.44/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C-1 - General Commercial | ||
| Price | $6,000,000 |
| Price Per Unit | $176,471 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 10.1 |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.84 AC |
| Building Size | 33,413 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1890 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | C-1 - General Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Refrigerator
- Range
- Double Pane Windows
- Smoke Free
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Smoke Free
- Vintage Building
- Walking/Biking Trails
- Storage Space
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $1,138 | 370 - 982 |
| 2+1 | 18 | $1,645 | 790 - 1,014 |
| 3+1 | 1 | $1,700 | 1,438 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 011724 | Total Assessment | $152,400 |
| Land Assessment | $29,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $123,100 | Tax Year | 2026 |
Property Taxes
Parcel Number
011724
Land Assessment
$29,300
Improvements Assessment
$123,100
Total Assessment
$152,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Eagle Village Apartments and Condominuims | 141 Bellemonte Ave
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