Best areas in Pittsburgh to invest

Member since 2021 · 6 posts · 5 votes

What are the best areas to invest in in Pittsburgh and the surrounding areas? I am looking to purchase my first property shortly and plan to purchase a duplex and house-hack the other unit. I am newer to Allegheny County and do not know the county too well. I have noticed that duplexes closer to the city need more rehab and are more expensive. What are some of the best areas to invest in?

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Scott E.
Contractor · Scottsdale, AZ · Member since 2010 · 2k+ posts · 3k+ votes
3y
Somebody just posted the same question 2 days ago, you should check out that thread.
Link
(Random fun fact - I grew up in Monaca PA. So I know the area well. Never have invested out there though)
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Jeremy TaggartBusiness Member
Real Estate Agent · Pittsburgh, PA · Member since 2014 · 850 posts · 646 votes
3y
@Jalen Byrd check out my response in the thread @Scott E. linked above if you are interested in Allegheny County. Those are some good areas if you want desirable but still cash flow friendly. If you want even more cash flow then you can get out into the surrounding counties further from the city. You can typically get into better areas outside Allegheny for the same price as the grittier areas in Allegheny if cash flow is a priority. I wouldn't expect those areas to have quite as high long term appreciation/rent growth though, although that depends on the specific area of course. My portfolio I'm about half and half in and around the city versus the surrounding counties to diversify and get best of both worlds.
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Jalen Byrd
OP
Member since 2021 · 6 posts · 5 votes
3y
Thank you, @Jeremy Taggart and @Scott E. I will take a look at that thread. I went to school at Geneva College, so I am pretty familiar with Beaver County but would like to purchase a property a little closer to the city since I will be house-hacking it and I work close to the city.
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Jeremy TaggartBusiness Member
Real Estate Agent · Pittsburgh, PA · Member since 2014 · 850 posts · 646 votes
3y
@Jalen Byrd exactly what I have been doing
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Gary Swank
Real Estate Agent · Pittsburgh, PA · Member since 2014 · 822 posts · 255 votes
3y
This is all depends on several factors. What are you looking for, what kind of tenant are you trying to attract, how much you want to put into it, condition of property and what is your price range...among other factors. Many find house hacking to be a great start as this provides you a place to live while assessing if being a landlord is something you really want to do. I've lived in Pittsburgh my whole life and know the area and many of its properties very well. Feel free to reach out and best of luck to you....Gary
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