166 Warner Myers Rd
Description
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...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 opportunities 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.
- Listed by D.J. Wilder • Century 21 Virginia Wilder Real Estate
Property Details for 166 Warner Myers Road
Property Details for 166 Warner Myers Road
| Status | Active |
|---|---|
| MLS # | 1348143 |
| Days on Market | 1 |
| Taxes | $1,435 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1984 |
| Lot Size | - |
| County | Lee County |
Location
Building Information for 166 Warner Myers Road
Payment Calculator
$1,413 per month
30 year fixed, 6.36% Interest
$1,293
$120
$0
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1Property Information for 166 Warner Myers Road
- City: Pennington Gap
- County Or Parish: Lee County - 23
- Directions: Wilderness Rd to Greenwood Ave to Warner Myers Rd
- Latitude: 36.761166
- Longitude: -83.028088
- MLS Area Major: Lee County - 23
- MLS Area Minor: Lee County - 23
- Postal Code: 24277
- State Or Province: VA
- Location Tax Legal Info Area: Lee County - 23
- Remarks Misc Directions: Wilderness Rd to Greenwood Ave to Warner Myers Rd
- Attached Garage: No
- Parking Features: Off-Street Parking, On Premise Parking
- General Property Description Driveway: 6 spaces
- Garage Parking Off-Street Parking: True
- Garage Parking On Premise Parking: True
- Association Fee: 0.0
- Parcel Number: 23E-(56)-3A
- Location Tax Legal Info Total Tax: 1435.38
- Virtual Tours Count: 0
- Building Area Source: Tax Records
- Year Built: 1984
- Living Area Source: Tax Records
- Lot Size Dimensions: .
- General Property Description SqFt - Source: Tax Records
- General Property Description Lot Dimensions: .
- Possession: At Closing
- Property Type Label: Multi-Family
- Floor Plans Count: 0
- Property Type: Multi-Family
- Possession At Closing: True
- General Property Description UtilitiesMo Avg: 0.0
- Fuel Electric: True
- Misc Features Internet Available: True
- Construction Materials: Vinyl, Frame
- Siding Vinyl: True
- Exterior Features Windows - Insulated: True
- Cooling: Window Unit(s)
- Bathrooms Total Integer: 0
- Cooling Details: Yes
- Kitchen Appliances: Dryer, Range, Refrigerator, Washer
- Heating Details: Baseboard, Electric
- Flooring: Laminate, Carpet, Vinyl, Tile
- Heating: Yes
- Floors Carpet: True
- Floors Laminate: True
- Floors Tile: True
- Floors Vinyl: True
- Heat Baseboard: True
- Appliances Dryer: True
- Appliances Range: True
- Appliances Refrigerator: True
- Appliances Washer: True
- Other Rooms Other: True
- Roof Shingle: True
- Misc Features WasherDryer Connect: True
- Gross Income: $24,900.00
- Number Of Units Total: 6
- Type of Units 1 Bedroom Unit: True
- Type of Units 2 Bedroom Unit: True
- Type of Units Unfurnished: True
- Type of Units Other: True
- Income Expenses Gross Annual Income: 24900.0
- Tenant Expenses Cooling: Window Unit(s)
- Tenant Expenses Electricity: True
- Tenant Expenses Heating: Baseboard,Electric
- Tenant Expenses Tenant Pays All Utilities: True
- Tenant Expenses WaterSewer: True
Property History for 166 Warner Myers Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jul 14, 2026 | Listed (Active) KAARMLS #1348143 | $259,500 | — |
| Jan 10, 2025 | Expired KAARMLS #1215093 | — | |
| Feb 6, 2024 | Price Change KAARMLS #1215093 | $255,000 | — |
| Jan 10, 2023 | Listed (Active) KAARMLS #1215093 | $289,000 | — |
| Dec 8, 2021 | Sold (Public Record) Public Record #1480325043 | $250,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 07/14/2026 | Listed (Active) KAARMLS #1348143 | $259,500 |
| 01/10/2025 | Expired KAARMLS #1215093 | — |
| 02/06/2024 | Price Change KAARMLS #1215093 | $255,000 |
| 01/10/2023 | Listed (Active) KAARMLS #1215093 | $289,000 |
| 12/08/2021 | Sold (Public Record) Public Record #1480325043 | $250,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 166 Warner Myers Road
Schools near 166 Warner Myers Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 5 to 7 | |||
| Public - | 8 to 12 | |||
| Public - | PK to 4 | |||
| Public - | PK to 4 |
Rating | School | Distance |
|---|---|---|
Pennington Middle School Public5 to 7 | ||
Lee High School Public8 to 12 | ||
Elk Knob Elementary School PublicPK to 4 | ||
St. Charles Elementary School PublicPK to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Century 21 Virginia Wilder Real Estate, D.J. Wilder
Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.