Principle-Based Investing.
I'm Josh Ax, a principle-based investor. We buy, renovate, and operate apartment communities in northeastern Pennsylvania, and we only move forward when the numbers and our principles hold. Our rentals are managed in-house, under our own roof.
Operators first.
Ax Multifamily is led by Josh Ax, a full-time real estate investor. His experience buying and operating real estate, along with our hands-on multifamily operating experience, shapes how we underwrite, buy, and manage apartment communities.
Properties were acquired by Josh Ax personally or through affiliated entities, before Ax Management LLC was formed, using his own capital plus lender and creative financing arrangements. No outside equity investors have participated to date. Figures are property counts, not investor returns.
Parkway ManorKingston, PA · 35 unitsPurchased $1,350,000 (2017)Sold $3,300,000 (2022)
Capitol Hill ApartmentsMountain Top, PA · 22 unitsPurchased $1,700,000 (2022)Sold $2,100,000 (2025)
Wyoming AveKingston, PA · 8 unitsPurchased $495,000 (July 2022)Currently ownedPurchase and sale prices are property-level figures, not investor returns. Past results do not guarantee future results.
See our track record →
Managed under our own roof.
We manage our properties in-house. Keeping management under our own roof helps us control costs and stay close to every building, backed by deep roots in property and asset management.
- Rentals managed in-house, not handed to a third-party manager
- A streamlined approach to operating costs
- Deep roots and experience in property and asset management
Managing in-house is how we operate. It does not ensure lower costs or any particular investment result, and every investment involves risk, including loss of principal.
Our approach
New to investing as a limited partner?
In a syndication, investors own an interest in an apartment property alongside other investors, without managing it day to day. Syndications also involve real risks, long hold periods, and limited liquidity. We'd rather you understand both sides first.
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Any offering will be limited to accredited investors whose status we verify.