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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
$379,999
  • - Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: donald fabrikant
Office: country living realty
MLS#:711754
Source:TN_LAMLS

Price summary

  • Price:$379,999

About this home

Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex with Mountain Views both front and rear. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex 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 and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Additional value comes from the open frontage land and a total of 0.78 of an acre Whether you're looking to expand a rental portfolio, capitalize on short-term rental demand near the Smokies, this property delivers: Immediate cash flow Multiple rental strategies, major system upgrades already completed desirable location Long-term appreciation potential A true...

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Home facts

  • Year built:2000
  • Listing ID #:711754
  • Added:57 day(s) ago
  • Updated:July 29, 2026 at 02:42 PM

Rooms and interior

  • Total bathrooms:6
  • Half bathrooms:3
  • Kitchen Description:Dishwasher, Electric Cooktop, Electric Range, Refrigerator

Heating and cooling

  • Cooling:Heat Pump

Structure and exterior

  • Year built:2000
  • Lot area:0.78 Acres
  • Levels:2 Story

Schools

  • High school:Cosby (K-12)
  • Elementary school:Cosby K-12

Finances and disclosures

  • Price:$379,999
  • Tax amount:$2,154 (2025)

Features and amenities

  • Laundry features:Dryer, Washer

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