166 Warner Myers Rd, Pennington Gap, VA 24277
$255,000
Property Type:
Multi-Family
Status:
Active
Current Price:
$255,000
List Date:
7/14/2026
Last Modified:
8/24/2026
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
- 255000
General Property Description
- Lot Dimensions
- .
- Number of Units
- 6
- Year Built
- 1984
- Property Status
- N/A
- Driveway
- 6 spaces
- Utilities/Mo Avg
- 0
Status Change Info
- Status Change Date
- 2026-07-14
Location, Tax & Legal Info
- Area
- Lee County - 23
- City/County Code
- City Limits
- Total Tax
- 1435.38
Remarks & Misc
- Directions
- Wilderness Rd to Greenwood Ave to Warner Myers Rd
- Public Remarks
- 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.
More Information
Income/Expenses
- Gross Annual Income
- 24900
Property Sub-Type
- Five or Six Plex
- Yes
Construction
- Frame
- Yes
Type of Units
- 1 Bedroom Unit
- Yes
- 2 Bedroom Unit
- Yes
- Unfurnished
- Yes
- Other
- Yes
Siding
- Vinyl
- Yes
Sale Includes
- Building and Land
- Yes
- No Furnishings
- Yes
Cooling
- Window Unit(s)
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
- Tile
- Yes
- Vinyl
- Yes
Garage/Parking
- Off-Street Parking
- Yes
- On Premise Parking
- Yes
Tenant Expenses
- Electricity
- Yes
- Sewer
- Yes
- Tenant Pays All Util
- Yes
- Water
- Yes
Fuel
- Electric
- Yes
Heat
- Baseboard
- Yes
Appliances
- Dryer
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Other Rooms
- Other
- Yes
Roof
- Shingle
- Yes
Exterior Features
- Windows - Insulated
- Yes
Misc Features
- Internet Available
- Yes
- Washer/Dryer Connect
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- New Loan
- Yes
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: August - 24 - 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.