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    Pennington Gap, VA
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    Pennington Gap, VA Multifamily Properties for Sale

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    Saint Charles, VA Dryden, VA Jonesville, VA Keokee, VA Blackwater, VA Duffield, VA Kyles Ford, TN Eidson, TN
    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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    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 6 Potential Opportunities for your consideration. Besides 1 Active listings in Pennington Gap, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    106 Kentucky Avenue, Appalachia, VA 24216

    $115,000
    7,164 sqft 0.60 AC lot

    Commercial-zoned property combines two storefronts, office space, a garage, and upstairs residential units.

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    Mobile Home Park with Mountain Views
    Mobile Home Park with Mountain Views

    345 S Hamblen Street, Big Stone Gap, VA 24219

    $299,900
    6.80 AC lot

    Park setting includes cleared areas with existing utility hookups and public water and sewer.

    View details
    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    A-106 Kentucky Ave, Appalachia, VA 24216

    $115,000
    7,164 sqft

    Two retail fronts, an office, garage, and upper-level apartments support multiple occupancy configurations.

    View details
    Multifamily Property With Storefront
    Multifamily Property With Storefront

    201 S 5th Street, Big Stone Gap, VA 24219

    $149,000
    0.20 AC lot

    Mixed residential and commercial configuration with four apartments and a long-term storefront tenant.

    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.

    Unrestricted Lot in Rogersville, TN
    Unrestricted Lot in Rogersville, TN

    E Main Street, Rogersville, TN 37857

    $49,000
    0.42 AC lot

    Unrestricted 0.42-acre lot suitable for double-wide homes.

    View details

    Pennington Gap, VA Multifamily Properties Market Trends and Statistics

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

    Sale prices for multifamily properties 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 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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