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Multifamily Property with Off-Street Parking
For Sale
$600,000

7040 Penn Avenue, Pittsburgh, PA 15208

Updated kitchens, stainless steel appliances, and air conditioning are provided throughout the units.

Property SizeContact for details
Days on Market46

Property Features for 7040 Penn Avenue

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1910
Listing Agency: Realty One Group Gold Standard
Listed By: Jackson Realty Group
Source: Jacksonrealty
Added: Jul 19 Changed: Aug 31 Last Checked: Sep 1 at 6:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Gold Standard

Investment Insights

Based on property information with market context.

Built in 1910, 7040 Penn Avenue is a multifamily property in Pittsburgh’s Point Breeze neighborhood. The units feature spacious rooms, strong natural light, air conditioning, and renovated kitchens equipped with stainless steel appliances. Off-street parking adds on-site convenience, while residents are responsible for all utilities.

The property is located less than one mile from Bakery Square, a Penn Avenue innovation and retail hub with Google engineering offices, national retailers, dining, and a hotel. Frick Park, Shadyside, East Liberty, and Oakland are also nearby, placing the property within close reach of employment, recreation, and lifestyle destinations across Pittsburgh’s East End.

Key Highlights

  • Multifamily property at 7040 Penn Avenue in Pittsburgh’s Point Breeze neighborhood
  • Built in 1910
  • Updated kitchens with stainless steel appliances in every unit

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Dental Office Nail Salon Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

902
Businesses Nearby

Demographics for 15208, PA

9,601
Population
5,599
Households
1.7
Avg Household Size
38
Median Age
51%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
6,401
Density / Sq Mi
$59,267
Median Household Income
$45,437
Median Earnings
$1,020
Median Rent
$273,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Updated kitchens, stainless steel appliances, and air conditioning are provided throughout the units.
Where is this multifamily property located?
The property is located at 7040 Penn Avenue Pittsburgh, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Multifamily property at 7040 Penn Avenue in Pittsburgh’s Point Breeze neighborhood; Built in 1910; Updated kitchens with stainless steel appliances in every unit
More about this property
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