LKV Realty
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$259,500
$1,400Reward *
166 Warner Myers Rd, Pennington Gap, VA 24277Listing ID 1348143

166 Warner Myers Rd, Pennington Gap, VA 24277

Active
Part Of Tract 3
Time on site: 28 daysLast updated: Jul 14, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Days on Site
Days on Site
27
Cooling
Cooling
Window Unit(s)
Heating
Heating
Baseboard, Electric
Year Built
Year Built
1984
Parking
Parking
On Premise Parking, Off Street

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.

Property Information

Property Details

Location

Address
166 Warner Myers Rd
County
Lee County - 23
City
Pennington Gap
Zip Code
24277
Subdivision
Part Of Tract 3
MLS Area
Lee County - 23

Interior Features

Heating and Cooling

Cooling
Window Unit(s)
Heating
Baseboard, Electric

Building

Building Information

Year Built
1984
Construction
Frame, Vinyl Siding
Roof
Shingle

Property Taxes

Tax Annual Amount
$1,435
Century 21 Virginia Wilder Real Estate, (276) 861-2023

Market Report for 24277

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: East Tennessee Realtors®
East Tennessee Realtors® logo

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

For corrections to this data please contact Brytecore MLS Support.

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