For Sale
Multi family home for sale at 166 Warner Myers Rd, Pennington Gap, VA 24277 | MLS# 1348143 | Listing updated on 2026-11-03
Photo 1 of Multi family home for sale at 166 Warner Myers Rd, Pennington Gap, VA 24277 | MLS# 1348143 | Listing updated on 2026-11-03
Photo 2 of Multi family home for sale at 166 Warner Myers Rd, Pennington Gap, VA 24277 | MLS# 1348143 | Listing updated on 2026-11-03
Photo 3 of Multi family home for sale at 166 Warner Myers Rd, Pennington Gap, VA 24277 | MLS# 1348143 | Listing updated on 2026-11-03
Photo 4 of Multi family home for sale at 166 Warner Myers Rd, Pennington Gap, VA 24277 | MLS# 1348143 | Listing updated on 2026-11-03
18+
Beds Icon

Street View

$225,000

Monthly Est:$1,120

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon--sqft

166 Warner Myers Rd, Pennington Gap, VA 24277

$1,120/moEst:

Get Pre-Approved

  • Multi Family

  • Built in 1984

  • $-- HOA

  • -- sqft lot

  • --/sqft

Description

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 opportu
nities 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.

  • Houzeo last checked: 4 minutes ago
  • Listing updated: November 3, 2026 at 2:19 pm
  • Listing Provided by: D.J. Wilder (865) 567-9577 | Century 21 Virginia Wilder Real Estate (276) 861-2023
  • Source: East Tennessee REALTORS® MLS-TN | MLS#: 1348143 East Tennessee REALTORS® MLS-TN

This condo is in:

Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Lee County 23

  • City

    Pennington Gap

  • Neighborhood

    --

  • Year Built

    1984

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    -- sqft lot

  • Basement Area

    - sqft

  • MLS Name

    East Tennessee REALTORS® MLS

  • MLS Number

    1348143

  • MLS Status

    Active

  • Days on Market

    116

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedroom: --

    Bathroom: --

Interior

  • Cooling

    Window Unit(s)

  • Flooring

    Laminate, Carpet, Vinyl, Tile

  • Window Features

    Windows Insulated

  • Heating

    Baseboard, Electric

  • Appliances

    Dryer, Range, Refrigerator, Washer

Construction

  • Year Built

    Year Built: 1984

  • Home type

    Multi Family

  • Construction Materials

    Vinyl Siding, Frame

  • Roof

    Shingle

Utilities & Energy

  • Parking Features

    Off Street Parking, On Premise Parking

Other Features

  • Tenant Pays

    Water, Sewer, Tenant Pays All Util, Electricity

  • Subdivision Name

    Part Of Tract 3

Price History

DateEventPrice

11/03/2026

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1348143

Price Decreased

$225,000 -9.09%

$0/sqft

09/17/2026

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1348143

Price Decreased

$247,500 -2.94%

$0/sqft

08/24/2026

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1348143

Price Decreased

$255,000 -1.73%

$0/sqft

07/14/2026

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1348143

Listed for Sale

$259,500 +1.76%

$0/sqft

01/10/2023

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1215093

Off Market

$255,000

$0/sqft

Based on information from the Knoxville Area Association of REALTORS MLS through Nov 07, 2026, 04:30AM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Knoxville Area Association of REALTORS® MLS. All Rights Reserved.

Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com
Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736

Advertising Broker: Angela Fowler | Angela Fowler Real Estate, LLC.

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