Pennington Gap Homes for Sale

Pennington Gap Homes for Sale

Welcome to Pennington Gap, Virginia, a charming town nestled in the heart of Lee County, where picturesque landscapes and a close-knit community await you. With its rich history and stunning natural surroundings, Pennington Gap offers a unique blend of small-town charm and modern amenities, making it an ideal place to call home.

As you explore this delightful town, you’ll find a variety of recreational opportunities, from hiking the scenic trails of the nearby Jefferson National Forest to enjoying leisurely afternoons in the local parks. The town’s vibrant community spirit is evident in its annual events, local markets, and friendly gatherings, ensuring that you’ll always feel a sense of belonging.

When it comes to finding your dream home, Pennington Gap has a diverse selection of properties for sale. Whether you’re searching for a cozy cottage, a spacious family home, or a charming historic property, the real estate market here offers a range of options to suit your lifestyle and budget. Many of these homes feature beautiful yards, inviting interiors, and easy access to the town’s amenities, ensuring that you can enjoy the best of both comfort and convenience.

With affordable housing options and a welcoming atmosphere, Pennington Gap is not just a place to live; it’s a place to thrive. Discover the beauty and warmth of this hidden gem in Virginia, and let us help you find the perfect home to create lasting memories. Your dream home in Pennington Gap awaits!

Newest Pennington Gap Homes for Sale

$119,900
3 Beds 1 Baths 1351995 MLS
COME HOME TO THE MOUNTAINS! Nestled along Elk Knob Road in the beautiful Appalachian countryside of Pennington Gap, this inviting 3-bedroom, 1-bath home offers the kind of peaceful country setting buyers are searching for--without giving up the convenience of being close to town. This is the opportunity to slow down, breathe a little deeper, and enjoy the best of Southwest Virginia. Whether you're looking for a full-time residence, a starter home, a weekend retreat, or a place to put down roots, 1046 Elk Knob Road gives you a chance to own a piece of the mountain lifestyle that makes Lee County so special. Inside, you'll find a practical layout with three bedrooms and comfortable living spaces ready to make your own. Outside is where the setting really shines. Elk Knob Road puts you in the heart of the rugged beauty of far Southwest Virginia, where mountain roads, wildlife, fresh air, and wide-open country are part of everyday life. And when you're ready for adventure, you're in a community built for it. Pennington Gap is home to historic Leeman Field, a 33-acre recreation destination featuring sports fields, a swimming pool, playgrounds, pavilions, an amphitheater, horse facilities, pickleball and tennis courts, and a walking greenway along the Powell River. The park has a remarkable history--it was once the world's largest enclosed baseball field. Outdoor enthusiasts will love the area's access to Spearhead Trails Stone Mountain, with approximately 34 miles of challenging mountain trails, dramatic overlooks, and some of the best ATV/OHV riding in Southwest Virginia. Beyond Pennington Gap, Lee County offers easy access to an incredible collection of Appalachian destinations, including Wilderness Road State Park, Jefferson National Forest, Cumberland Gap National Historical Park, Cave Springs Recreation Area, and other outdoor and historical attractions. There's also something special about living in a place with genuine Appalachian character. Pennington Gap grew with the arrival of the Louisville & Nashville Railroad in the late 1800s and became an important gateway between Southwest Virginia and eastern Kentucky. Today, that heritage lives on through its historic downtown, community events, Leeman Field, the Lee Theatre, outdoor recreation, and the people who call this corner of Virginia home. 1046 Elk Knob Road isn't just an address--it's an invitation to experience mountain living at its most authentic. If you've been looking for a place where life feels a little quieter, the mountains feel a little closer, and home can be whatever you want it to become, this one deserves a look. Come see 1046 Elk Knob Road and discover why there's no place quite like home in the mountains of Lee County.

1046 Elk Knob Rd, Pennington Gap

Listing courtesy of D.J. Wilder of Century 21 Virginia Wilder Real Estate.

$255,000
1348143 MLS
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.

166 Warner Myers Rd, Pennington Gap

Listing courtesy of D.J. Wilder of Century 21 Virginia Wilder Real Estate.

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Listings courtesy of Spartanburg Association of Realtors as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.