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$600,000
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Property Description
7040 Penn Avenue sits in the heart of Point Breeze, one of Pittsburgh's most established and sought-after East End neighborhoods - defined by tree-lined streets, handsome architecture, and residential stability that keeps quality rentals in steady demand and vacancy low. Inside, the units show clean and bright, with generously sized rooms, abundant natural light, air conditioning in every unit, and updated kitchens featuring stainless steel appliances - turnkey, move-in-ready space that attracts quality tenants and supports strong rents. The property is less than a mile from Bakery Square, the Walnut Capital-developed innovation and retail hub along Penn Avenue that anchors the East End's tech corridor - home to Google's Pittsburgh engineering offices, national retailers, dining, and a hotel. Frick Park, Shadyside, East Liberty, and the Oakland job core are all close at hand, minutes from the city's largest employment and lifestyle centers. For investors, the fundamentals match the address. Tenants pay ALL utilities - holding operating costs down and protecting net income - and off-street parking is a real differentiator on a corridor where curb space is at a premium. In a neighborhood where renter demand runs deep and values continue to climb, 7040 Penn Avenue offers a stable, low-maintenance hold with meaningful long-term upside.
Full Property Details
Full Property Details for 7040 Penn Ave
General
- Price: $600,000
- Taxes: $2,813
- Status: Active
- Type: Triplex
- Source: West_Penn_MLS
- MLS ID: 1765485
- Updated: 7/17/2026
- Added to Site: 40 day(s) ago
Location
- County: Allegheny-East
School Information
- Elem School District: Pittsburgh
- Midd School District: Pittsburgh
- High School District: Pittsburgh
Community
- Units Assoc/Comm: 3
Structural Information
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.165
- Lot Dimensions: 60 by 40
- Zoning: MUL
Financial Considerations
- Assessment Amount: $101,300
- Tax Amount: $2,813
Listing courtesy of Allegheny Multi Family Llc
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Schools
Schools serving 7040 Penn Ave
School District:Pittsburgh School District
| Name | Grades | Distance |
|---|---|---|
Pittsburgh Minadeo K-5 6502 Lilac Street, Pittsburgh, PA 15217 | K-5 | 2.1 mi |
Pittsburgh Sterrett 6-8 7100 Reynolds Street, Pittsburgh, PA 15208 | 6-8 | 0.2 mi |
Pittsburgh Allderdice High School 2409 Shady Avenue, Pittsburgh, PA 15217 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7040 Penn Ave
Date
Details
Price
Change
Source
7/17/2026
Listed
$600,000
824.5%
MLS
5/29/2003
Sold
$64,900
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7040 Penn Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$662
-74%
$103,000
—
2025
$2,548
7%
$103,000
—
2024
$2,373
—
$103,000
—
2023
$2,373
1%
$103,000
—
2022
$2,342
-1%
$103,000
—
2021
$2,368
2%
$103,000
—
2020
$2,331
—
$103,000
—
2018
$2,331
—
$103,000
—
2017
$2,331
-1%
$103,000
—
2016
$2,357
—
$103,000
—
2015
$2,357
4%
$103,000
—
2014
$2,260
—
$103,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7040 Penn Ave
7040 Penn Avenue, Pittsburgh, PA 15208 (MLS# 1765485) is a Triplex property with 0 bedrooms and 0 full bathrooms. 7040 Penn Avenue is currently listed for $600,000 and was received on July 17, 2026. Want to learn more about 7040 Penn Avenue? Do you have questions about finding other Triplex real estate for sale in Point Breeze? You can browse all Point Breeze real estate or contact a Coldwell Banker agent to request more information.

