166 Warner Myers Rd, Pennington Gap, VA 24277 (MLS# 1348143)

166 Warner Myers Rd, Pennington Gap, VA 24277

$225,000
Property Type: Multi-Family Status: Active
Current Price: $225,000 List Date: 7/14/2026 Last Modified: 11/03/2026

Overview

Description

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 re ...

Listing Details MLS# 1348143

Location Tax Legal Info

House #
166
Street Name
Warner Myers
St Suffix
Rd
State/Province
VA
Zip Code
24277
PIN #
23E-(56)-3A
Subdivision
Part Of Tract 3

Contract Info

Auction Y/N
No
Listing Price
225000

General Property Description

Lot Dimensions
.
Number of Units
6
Year Built
1984
Property Status
N/A
Driveway
6 spaces

Status Change Info

Status Change Date
2026-07-14

More Information

Property Features

Property Sub-Type: Five or Six Plex Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Unfurnished; Other Sale Includes: Building and Land; No Furnishings Floors: Carpet; Laminate; Tile; Vinyl Tenant Expenses: Electricity; Sewer; Tenant Pays All Util; Water Fuel: Electric Heat: Baseboard Cooling: Window Unit(s) Appliances: Dryer; Range; Refrigerator; Washer Construction: Frame Roof: Shingle Siding: Vinyl Exterior Features: Windows - Insulated Misc Features: Internet Available; Washer/Dryer Connect Other Rooms: Other New Financing: Cash; Conventional; New Loan
IDX
Listing Office: Century 21 Virginia Wilder Real Estate
Last Updated: November - 03 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

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