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2482 Elk Way, Newport, TN 37821

Newport
Local realty services provided by:CENTURY 21 Legacy
2482 Elk Way,Newport, TN 37821
$748,800
  • - Beds
  • - Baths
  • 3,561 sq. ft.
  • Multi-family
  • Active
Listed by: don fabrikant
Office: country living realty
MLS#:9990572
Source:TNVA_MLS

Price summary

  • Price:$748,800
  • Price per sq. ft.:$210.28

About this home

Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex + Single-Family Home with Mountain Views both front and rear. Total lease for the four units combined $5,900 monthly Income. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex and a separate single-family residence also leased, ideally located near medical facilities, shopping, and dining. The tri-plex offers three 1-bedroom, 1.5-bath units (1,187 SF each), all currently producing income and well suited for either long-term or short-term rental strategies. Recent capital improvements include a brand-new roof on both the Tri-Plex and house and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Next door, the 3-bedroom, 4-bath single-family home adds another income stream or provides an excellent owner-occupant option. The home is 2,569 sq ft with a two-car garage and features a newly built...

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Home facts

  • Year built:2000
  • Listing ID #:9990572
  • Added:53 day(s) ago
  • Updated:March 19, 2026 at 04:01 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Tile
  • Kitchen Description:Cooktop, Dishwasher, Eat-in Kitchen, Electric Range, Kitchen Island, Laminate Counters, Range, Refrigerator
  • Living area:3,561 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Year built:2000
  • Building area:3,561 sq. ft.
  • Lot area:1.93 Acres
  • Architectural Style:Ranch
  • Construction Materials:Vinyl Siding, Wood Siding
  • Exterior Features:Covered, Deck, Rear Porch, Side Porch
  • Foundation Description:Slab

Schools

  • High school:Cosby
  • Middle school:None
  • Elementary school:Cosby

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$748,800
  • Price per sq. ft.:$210.28

Features and amenities

  • Appliances:Dishwasher, Electric Range, Range, Refrigerator, Washer
  • Laundry features:Dryer, Electric Dryer Hookup, Washer, Washer Hookup
  • Amenities:Double Pane Windows, Eat-in Kitchen, Open Floorplan

Parking

  • Parking description:Garage Door Opener, Gravel Driveway

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