$388,800

2480 Elk Way, Newport, TN 37821

  • 3 beds |
  • 4 baths |
  • 2,569 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon1.15acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $151/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Date Added:
January 27, 2026
Data Last Updated:
April 4, 2026 at 7:20PM
Listing Office:
Country Living Realty : 4232371046
Listing Agent:
Don Fabrikant : 4232371046
MLS ID:
3117059
  • General: Ceiling Fan(s)Kitchen Island
  • Appliances: DishwasherDryerRangeRefrigeratorWasher
  • Laundry: Washer HookupElectric Dryer Hookup
  • Basement: None
  • Flooring: CarpetTile
  • A/C: Central AirCeiling Fan(s)
  • Heating: ElectricHeat Pump
  • Fireplace: FireplaceFireplaces: 1
  • Style: Other
  • Other Structures: PorchDeckCovered
  • Parking: Garage Door OpenerParking spaces: 2
  • General: One
  • Originating MLS: realtrac
  • County: Cocke CountyTN
  • Topography: OtherLevelRolling Slope
  • View: Mountain(s)View
  • Utilities: Electricity AvailableWater Available
  • Water: Public
  • Sewer: Septic Tank
  • Source: realtrac

This listing courtesy of Don Fabrikant , Country Living Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cosby Elementary School

3320 Cosby Hwy, Cosby, TN, 37722

Grades KG-8

3.46 miles away

C

Cosby Elementary School

3320 Cosby Hwy, Cosby, TN, 37722

Grades KG-8

3.46 miles away

C

Cosby High School

3318 Cosby Hwy, Cosby, TN, 37722

Grades 9-12

3.44 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.