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2480 Elk Way, Newport, TN 37821

$388,800
  • 2480 Elk Way, Newport, TN 37821 Main Photo

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Active
BEDS3 BATHS4 full SQUARE FEET2,569 MLS#9990558
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONNot In Subdivision NEIGHBORHOOD208 - Cocke County

Property Description

Turnkey Smoky Mountains Investment Opportunity - Single-Family Home with Mountain Views. Discover a well-maintained, income-producing single-family home in East Tennessee, ideally located near medical facilities, shopping, and dining?an excellent option for both investors and owner-occupants. This 3-bedroom, 4-bath residence offers 2,569 square feet, a two-car garage, and sits on 1.15 acres, providing strong rental potential and long-term value. The property features mountain views from both the front and rear, a partially fenced yard, and a peaceful setting attractive to both long-term tenants and short-term rental guests. Recent capital improvements include a new roof and new deck, minimizing near-term maintenance costs and enhancing overall asset quality. The open frontage land also offers potential for future expansion or development (subject to zoning regulations). For investors, the adjacent income-producing tri-plex is also available and can be purchased as part of a package sale, creating a rare opportunity to acquire multiple cash-flowing properties in one transaction. Whether you're building a rental portfolio, entering the Smoky Mountains short-term rental market, or living on-site while generating income from neighboring rentals, this property delivers flexibility, location. Conveniently located approximately 53 minutes to Knoxville, 48 minutes to Pigeon Forge and Gatlinburg, and 45 minutes to Hot Springs, NC.

2480 Elk Way | MLS# 9990558

This single family home located at 2480 Elk Way, Newport, TN 37821 is currently listed for sale with an asking price of $388,800. This property was built in 1884 and has 3 bedrooms and 4 full baths with 2569 sq. ft. Elk Way is located in the Not In Subdivision subdivision. Search Not In Subdivision real estate on www.clcommercialrealestate.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Ceiling Fan(s), Heat Pump
Garage: 2
Heating: Heat Pump
Home Style: Ranch
Lot Size: 1.15 Acres
Roof Type: Shingle
Stories: 1.5
Year Built: 1884

Feature Descriptions

Appliances: Cooktop, Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Days on Site: 36
Exterior: Wood Siding
Fencing: Back Yard
Fireplace: Living Room
Flooring: Carpet, Tile
Interior: Laminate Counters, Open Floorplan
Laundry: Electric Dryer Hookup
Lot Dimensions: 232x216x174x275
Parcel Id: 083 039.05
Parking: Driveway, Garage Door Opener, Gravel
Rooms Total: 7
Sewer: Septic Tank
Special View Info: Mountain(s)
Topography: Level, Rolling Slope
Utilities: Electricity Connected, Water Connected, Cable Connected
Water: Public
Windows: Double Pane Windows
Zoning: residential

Local Schools

High School: Cosby
Middle School: Cosby
Elementary School: Cosby

Listed By / Shown By

Listed By

Agency Name: Country Living Realty
Agency Phone: 423-430-9012

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: Tennesse Virginia MLS

Estimate Your Payment

Estimated Payment

$ 978.70 per month $865.30 Principal & Interest $0.00 Property Tax (data not provided by mls) $113.40 Homeowner's Insurance

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