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For sale
  • $259,500

    166 Warner Myers Rd, Pennington Gap, VA 24277

    --beds
    0baths
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    Multi Family
    Built in 1984
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    3 days
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    125
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    9
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    Zillow last checked:

    Listing updated:

    Listed by:

    D.J. Wilder 865-567-9577,

    Century 21 Virginia Wilder Real Estate 276-861-2023

    Source: East Tennessee Realtors,MLS#: 1348143MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Baseboard, Electric
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Dryer, Range, Refrigerator, Washer
      Features
      • Flooring: Laminate, Carpet, Vinyl, Tile
      • Windows: Insulated Windows

      Property

      Parking
      • Parking features: Off Street, On Premise Parking
      Details
      • Parcel number: 23E(56)3A

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding, Frame
      Condition
      • Year built: 1984

      Community & HOA

      Community
      • Subdivision: Part Of Tract 3
      Location
      • Region: Pennington Gap

      Financial & listing details

      • Date on market: 7/14/2026
      • Listing terms: New Loan,Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/14/2026Listed for sale$259,500+1.8%
        Source: East Tennessee Realtors #1348143 Report a problem
        8/22/2024Listing removed$255,000
        Source: East Tennessee Realtors #1215093 Report a problem
        2/6/2024Price change$255,000-11.8%
        Source: East Tennessee Realtors #1215093 Report a problem
        1/10/2023Listed for sale$289,000
        Source: East Tennessee Realtors #1215093 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 24277

        Getting around

        30 / 100
        Car-Dependent
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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