Investor · Pittsburgh, PA · Member since 2015 · 10 posts · 3 votes
Hi everyone,
I'm a new investor in Pittsburgh. Does anyone have any rental property in Beechview, Sharpsburg, Avalon/Bellevue area? I'm checking some multi-units in those areas, looks like I can get good cashflow. But I'm not familiar with those areas, any ideas of rent, future selling price, appreciation...
Of the four locations listed, I feel like your best bet is Beechview. Sharpsburg has a hard location to sell to people because of 28, and Bellevue/Avalon just isn't that exciting ... there are many much nicer neighborhoods that give easy access to downtown and robinson and cranberry.
And Beechview has the T !!! What's not to like about that?
(Disclaimer: I live in Overbrook, so I may be a little biased).
Real Estate Agent · Pittsburgh, PA · Member since 2014 · 102 posts · 24 votes
10y
Dechen,
I have a triplex in Beechview, and feel it is generally a pretty good cash flowing area. I've looked at multi-families in all areas you've mentioned except Sharpsburg. If it says anything, I didn't buy in any of those other areas yet, but that's not to say I wouldn't if the right deal came along. One thing with Bellevue/Avalon is the taxes are generally higher than the other areas you mentioned, but the rents are not increased. In fact they may even average a little lower, especially compared to the south hills.
Real Estate Agent · Pittsburgh, PA · Member since 2014 · 822 posts · 255 votes
10y
Hi Dechen, I am familiar with those areas as I live near Bellevue. I also list and sell in all of Pittsburgh areas with investors both local and remote. Please feel free to reach out to me so that we may discuss the issues you are interested in. You will find my contact information in my profile. Look forward to hearing from you. Thanks.
Contractor · Pittsburgh, PA · Member since 2014 · 885 posts · 359 votes
10y
@Dustin Lin my tenants don't seem to mind that Pittsburgh (and most of Allegheny County) is pretty hilly.
I think it's worth mentioning that Sharpsburg is the giant zit on the nose of FC ... so I wouldn't expect that to improve the rental situation/outlook there.
Real Estate Agent · Pittsburgh, PA · Member since 2014 · 102 posts · 24 votes
10y
I'm pretty certain that there is zero correlation to vacancy rates or rental income and the incline of the street in which the property is on. If there was anything worth considering in this regard, it would be whether the house is on the high or low side of the street.
If you just have a personal preference against hills, I guess I understand (you could always invest in Philidelphia, I hear it's flat). In general though I would try to stick to more tangible requirements for analysizing deals.
Bridgeville, PA · Member since 2013 · 395 posts · 105 votes
10y
Watch out for the taxes in Bellevue/Avalon it can kill your cash flow, Sharpsburg is a good school district and Beechview/Brookline is a good spot for the young professionals due to ease of public transportation.
Real Estate Agent · Pittsburgh, PA · Member since 2014 · 102 posts · 24 votes
10y
Dechen,
Generally the higher side is more desirable. This is referring to a street running perpendicular to an incline, so one house is much higher on the incline than the house across the street.