166 Warner Myers Rd Pennington Gap, VA $ 247,500
166 Warner Myers Rd
$ 247,500
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166 Warner Myers Rd

Pennington Gap, VA, 24277
$ 247,500
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,709

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Multi-Family Home for sale in Pennington Gap, VA

for $247,500. This home was built in 1984.

Turnkey Multifamily Investment Opportunity - 6-Unit Apartment Building with a current 9.59% CAP rate (and lots of room to grow) Income-producing multifamily assets of this size rarely become available in the Lee County market. This 6-unit apartment building presents an outstanding opportunity for investors seeking immediate cash flow, long-term appreciation, and the stability that comes with multiple income streams. Whether you're expanding an established portfolio or purchasing your first multifamily investment, this property offers the scale to generate consistent rental income while reducing vacancy risk through diversified units. With six separate rental opportunities under one roof, investors can benefit from stronger cash flow potential than traditional single-family rentals. Conveniently located in Pennington Gap, the property offers easy access to local employers, schools, shopping, and everyday amenities, helping support continued tenant demand. As rental inventory remains limited throughout the region, well-positioned multifamily properties continue to be among the most sought-after investment opportunities. Opportunities like this don't stay on the market long. Add a proven income-producing asset to your portfolio, capitalize on the growing demand for quality rental housing, and position yourself for both immediate returns and long-term wealth creation. Schedule your private tour today and discover why multifamily investing remains one of the strongest paths to building lasting real estate wealth.

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Multi-Family Active

Price

$ 247,500

Property Type

Multi-Family

Taxes

$ 1,435

Style

Year Built

1984

Town/City

Pennington Gap

County/Region

Lee

MLS | Web ID

1348143

Features
General
Heating Baseboard Electric
Cooling Window Unit(s)
Appliances Dryer Range Refrigerator Washer
Construction Materials Vinyl Siding Frame
Year Built 1984
Gross Income 24900
County Lee County - 23
Property Type Multi-Family
Attached Garage false
Subdivision Name Part Of Tract 3
Status Active
Directions Wilderness Rd to Greenwood Ave to Warner Myers Rd
City Pennington Gap
Number Of Units Total 6
MLS Area Lee County - 23
MLS Area Minor Lee County - 23
Standard Status Active
New Financing Cash true
New Financing Coventional true
New Financing New Loan true
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Interior
Flooring Laminate Carpet Vinyl Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Windows - Insulated
Total Baths 0
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Exterior
Parking Features Off-Street Parking On Premise Parking
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* Excluded Features
List By
D.J. Wilder

Listing Agent

Century 21 Virginia Wilder Real Estate

Broker

wilderdj@live.com

Email

Affordability Calculator

$1,829
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,709
Monthly Property Taxes
$120
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2026$247,500 -2.94% Price Down
8/24/2026$255,000 -1.73% Price Down
7/14/2026$259,500 Listed Price

Map


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166 Warner Myers Rd, Pennington Gap, VA, 24277 is a Multi-Family Home for sale at $247,500. 166 Warner Myers Rd has 0.0 baths and was built in 1984. The property's zip code is 24277 which is in Pennington Gap, VA