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Six-Unit Apartment Building
For Sale
$247,500

166 Warner Myers Rd, Pennington Gap, VA 24277

Income-producing six-unit apartment building in Pennington Gap, offering multiple rental opportunities under one roof.

Property SizeContact for details
Days on Market94

Property Features for 166 Warner Myers Rd

General Information

Standard status Active
Property subtype Multi-family

Additional Details

Multifamily Units 6

Building Details

Tenancy Multi
Listing Agency: Century 21 Virginia Wilder Real Estate
Listed By: D.J. Wilder · License #324242
Source: Tennesseevalleyrealty
Added: Jul 22 Changed: Oct 3 Last Checked: Oct 20 at 8:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Virginia Wilder Real Estate

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Investment Insights

Based on property information with market context.

This six-unit apartment building is an income-producing multifamily asset with six separate rental opportunities under one roof. The property is positioned to appeal to investors looking for diversified unit income within a single building structure.

Conveniently located in Pennington Gap, the building offers easy access to local employers, schools, shopping, and everyday amenities, supporting tenant day-to-day needs.

With six units in place, the property provides a straightforward scale for multifamily ownership, combining multiple units into one investment you can manage as a single asset.

Key Highlights

  • 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.

Property Analytics

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Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

208
Businesses Nearby

Demographics for 24277, VA

6,463
Population
2,560
Households
2.5
Avg Household Size
40
Median Age
8%
College-Educated
73%
High-School Grad
53.2 sq mi
ZIP Area
121
Density / Sq Mi
$33,102
Median Household Income
$20,797
Median Earnings
$764
Median Rent
$81,200
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Income-producing six-unit apartment building in Pennington Gap, offering multiple rental opportunities under one roof.
Where is this apartment building located?
The property is located at 166 Warner Myers Rd Pennington Gap, VA.
What is the asking price?
The asking price for this property is $247,500.
What are key features of this property?
This property features: 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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