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166 Warner Myers Rd 6 Unit Apartment Building $259,000 ($43,167/Unit) Pennington Gap, VA 24277
Investment Highlights
- Six-unit multifamily apartment building providing diversified rental income.
- Located in Pennington Gap, the county seat of Lee County, Virginia.
- Opportunity for investors seeking cash flow from a stabilized multifamily asset in a limited-supply market.
- Approximately 4,620 square feet of residential improvements.
- Access to U.S. Route 58 and U.S. Route 421 supports regional connectivity.
- Located within the Appalachian Highlands region of Southwest Virginia.
Executive Summary
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.
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 Facts
| Price | $259,000 | Apartment Style | Low-Rise |
| Price Per Unit | $43,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| No. Units | 6 | Building Size | 4,620 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1980 |
| Price | $259,000 |
| Price Per Unit | $43,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 4,620 SF |
| No. Stories | 3 |
| Year Built | 1980 |
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Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 23E-(56)-4A | Improvements Assessment | $31,300 |
| Land Assessment | $22,000 | Total Assessment | $53,300 |
Property Taxes
Parcel Number
23E-(56)-4A
Land Assessment
$22,000
Improvements Assessment
$31,300
Total Assessment
$53,300
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166 Warner Myers Rd