Apartment Building

Pennington Gap, VA Apartment Buildings for Sale

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Six-Unit Apartment Building
Updated: Jul 14
Six-Unit Apartment Building

166 Warner Myers Rd, Pennington Gap, VA 24277

$255,000
Income‑producing 6‑unit apartment building in Pennington Gap, offering multiple rental opportunities under one roof.
Multifamily property structure provides six separate rental units under one ownership for diversified income streams.
Designed to support continued tenant demand with convenient access to local employers, schools, shopping, and everyday amenities.
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Pennington Gap, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Five-Unit Apartment Building
Five-Unit Apartment Building

1645 E Main St, Rogersville, TN 37857

$375,000
1,500 sqft

Well-maintained apartment property with varied floor plans, resident laundry hookups, and an additional storage unit.

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Five-Unit Apartment Building
Five-Unit Apartment Building

1653 E Main Street, Rogersville, TN 37857

$375,000
1.00 AC lot

B-3-zoned property with on-site storage and washer-dryer hookups.

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18-Unit Apartment Building
18-Unit Apartment Building

730 NE Virginia Avenue, Norton, VA 24273

$60,000
5,860 sqft 0.15 AC lot

Commercially zoned multifamily property with individually metered electric units and public water and sewer.

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18-Unit Apartment Building
18-Unit Apartment Building

730 Virginia Ave Ne, Norton, VA 24273

$60,000
5,860 sqft

Apartments offer individual electric metering, multiple walkout entrances, and public water and sewer service.

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Pennington Gap, VA Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Pennington Gap, VA on our real estate platform.

Sale prices for two-family homes in Pennington Gap, VA average $255,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 6,379
Population Growth (5Y) -6.9%
Median Household Income $33,102
College Educated 11.0%

High-Yield Neighborhoods for Investment

Identify Pennington Gap submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
24277 $255K

Taxes & Financing

Tax Rate (average for all types) 2.09%
Tax Rate vs County Average 0.24 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lee County

New Delisted

Total CRE Inventory on Market (SF)

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