Pittsburgh Area Fourplexes?

[Tyler D.]

I'm interested in buying a Fourplex in Pennsylvania. I'd like to get the biggest/ most expensive I can while still maintaining the 1% rule. I plan to owner-occupy 1 unit to capture a great low interest rate for the long term.

I've also seen that the Pittsburgh area has some great numbers for cashflow. 

How is the Pittsburgh market doing for Fourplexes? Is there another market in Pennsylvania that is doing better? Thanks in advance for the info.

[Art Perkitny]

@Tyler D.

As others have mentioned, the number of 4-unit properties in Pittsburgh is very low. 

Data from the American Community Survey shows the following distribution of units by building size in the Pittsburgh market

11,240 units being reported as located within a three to four unit building suggests a total of about 3,200 buildings. 

That being said, if we take a look at more granular data for neighborhoods, we can at least identify one where the concentration of fourplexs in highest. The map below illustrates this: 

The Shadyside, Bloomfield, and East Liberty neighborhoods seem to have the highest number of 3 to 4 units. 

Here is the same breakdown as above for Shadyside as an example: 

I would focus my efforts on these areas if you are keen on procuring a four unit in the Pittsburgh market. 

Hope this helps!