Washington County/Pennsylvania Multi-family needed

Pittsburgh, Pennsylvania
Multi-Family and Apartment Investing
8moFollow

Washington County/Pennsylvania Multi-family needed

Zachary Bellinghausen
Member since 2017 · 143 posts · 76 votes

I live in Florida but have been working in Pennsylvania off and on for 7 years in the Oil and gas Industry. I have my portfolio in Florida mostly but would like to branch off into Pennsylvania since I am here much of the time. 4 Units and bigger is what I would be looking to get into. I have experience in MHP's, campgrounds, industrial, and single family sectors. Any networking with local investors would be great. 

0Reply
148 views

Most Popular Reply

Pierre Guirguis
Lender · Marlboro, NJ · Member since 2025 · 243 posts · 150 votes
8mo

Zachary, if you’re open to eastern PA, the Lehigh Valley is a solid area to look at for 4+ unit multifamily. It’s seen consistent rental demand, and there’s still liquidity for small to mid-size properties compared to some other parts of the state.

The main things to get right there are property age, utility configuration, and understanding how local lenders underwrite older assets. Deals can work well, but they need to be structured conservatively.

Happy to compare notes as you start narrowing in on submarkets.

1Reply
See this reply in the discussion

6 Replies

Jump to latestLatest
  • Frank PyleBusiness Member
    Specialist · USA · Member since 2024 · 279 posts · 130 votes
    8mo

    I hear about a lot of out of state folks looking at Washington County because the prices feel attractive, but the underwriting really comes down to tenant base and staying power since oil and gas can be choppy. If you are targeting 4 units plus, I would focus on boring workforce rentals near stable employers and underwrite heavier on vacancy, turns, and capex until you have boots on the ground you trust. The other big thing is property management since that will make or break it from Florida.

    What towns are you spending the most time in when you are up there and what price range are you hunting in. Are you planning to self manage while you are in PA or line up a local manager from day one.

    [email protected]317-501-3467
    Frank Pyle at ExP Realty
    WebsiteView Page
    NEXA Lending- Investors Edge Concierge
    View Page
    0Reply
  • Zachary Bellinghausen
    OP
    Member since 2017 · 143 posts · 76 votes
    8mo

    I am in Washington Pennsylvania area off and on since 2018. There always seems to be projects in this area. Markwest have another two years plus of projects and lots of money being spent. I would self manage. I have done it from afar before and think it would be manageable with the right handymen and vendors set up before hand. 

    0Reply
  • Clark Thornton
    Property Manager · Orlando, FL · Member since 2025 · 110 posts · 51 votes
    8mo

    @Zachary Bellinghausen

    Are you planning on continuing to self-mange your FL portfolio while you are spending most of your time in PA? Or are you considering hiring management for your FL properties while self-managing your PA multi-family properties? 

    0Reply
  • Pierre Guirguis
    Lender · Marlboro, NJ · Member since 2025 · 243 posts · 150 votes
    8mo

    Zachary, if you’re open to eastern PA, the Lehigh Valley is a solid area to look at for 4+ unit multifamily. It’s seen consistent rental demand, and there’s still liquidity for small to mid-size properties compared to some other parts of the state.

    The main things to get right there are property age, utility configuration, and understanding how local lenders underwrite older assets. Deals can work well, but they need to be structured conservatively.

    Happy to compare notes as you start narrowing in on submarkets.

    1Reply
  • Zachary Bellinghausen
    OP
    Member since 2017 · 143 posts · 76 votes
    8mo

    Clark, I self manage all my properties except one.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free