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    Pennington Gap, VA
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    Pennington Gap, VA Residential Income Properties for Sale

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    Six-Unit Apartment Building
    Updated: Jul 22
    Six-Unit Apartment Building

    166 Warner Myers Rd, Pennington Gap, VA 24277

    $247,500
    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.
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Pennington Gap, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    11-Lot Manufactured Home Park
    11-Lot Manufactured Home Park

    13280 Hwy 38, Lejunior, KY 40849

    $300,000
    1,200 sqft 2.30 AC lot

    Level residential income property with public water, individual septic systems, and a combination of paved and gravel drives.

    View details
    11-Lot Mobile Home Park
    11-Lot Mobile Home Park

    13280 Hwy 38, Lejunior, KY 40849

    $300,000
    1,200 sqft

    Level residential park with public water, individual septic systems, and a combination of paved and gravel drives.

    View details
    Mixed-Use Property with Four Rentals
    Mixed-Use Property with Four Rentals

    13070 N Us Highway 119, Totz, KY 40870

    $439,000
    2.70 AC lot

    Commercial building and residential rentals create a combined mixed-use configuration.

    View details
    Mixed-Use Property with Rentals
    Mixed-Use Property with Rentals

    13070 N U.S. 119, Totz, KY 40870

    $439,000
    6,084 sqft 2.72 AC lot

    Includes a commercial building and four residential rentals on a shared parcel with highway frontage.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wooded Mountain Recreation Land
    Wooded Mountain Recreation Land

    Ely Pucketts Creek Road, Pennington Gap, VA 24277

    $135,000
    100.60 AC lot

    Mostly wooded mountainous acreage with streams, wildlife, ATV access, and residential zoning near Pennington Gap.

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    Wooded Acreage in Pennington Gap
    Wooded Acreage in Pennington Gap

    Melzoni Road, Pennington Gap, VA 24277

    $59,000
    7.27 AC lot

    7.27 acres of secluded, wooded land near Pennington Gap.

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    Residential Lot in Jonesville, VA
    Residential Lot in Jonesville, VA

    603 Town Branch Road, Jonesville, VA 24263

    Contact for pricing
    0.16 AC lot

    Level residential lot ready for building with public utilities.

    View details
    Appalachian Hunting Land
    Appalachian Hunting Land

    32.38 Ac Panther Creek Road, Sneedville, TN 37869

    $95,000
    32.38 AC lot

    Unrestricted woodland tract with agricultural zoning, available electricity, and habitat supporting deer, turkey, and black bear.

    View details

    Pennington Gap, VA Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Pennington Gap, VA on our real estate platform.

    Sale prices for residential income properties in Pennington Gap, VA average $247,500 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Multifamily properties 1

    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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