Share This Listing

Message

959 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

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.

Property Facts

Price $365,371 CAD
Price Per Unit $60,895 CAD
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
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
23E-(56)-4A
Land Assessment
$30,954 CAD
Improvements Assessment
$44,039 CAD
Total Assessment
$74,993 CAD
  • Listing ID: 41361471

  • Date on Market: 2026-07-20

  • Last Updated:

  • Address: 166 Warner Myers Rd, Pennington Gap, VA 24277

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}