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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
  • - Baths
  • 3,561 sq. ft.
  • Multi-family
  • Active
Listed by: don fabrikant
Office: country living realty
MLS#:9996552
Source:TNVA_MLS

Price summary

  • Price:$379,999
  • Price per sq. ft.:$106.71

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 #:9996552
  • Added:11 day(s) ago
  • Updated:June 20, 2026 at 04:04 PM

Rooms and interior

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

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air, Heat Pump
  • Heating:Central, Heat Pump
  • Central air:Yes

Structure and exterior

  • Year built:2000
  • Building area:3,561 sq. ft.
  • Lot area:0.78 Acres
  • Architectural Style:Ranch
  • Construction Materials:Vinyl Siding, Wood Siding
  • Exterior Features:Covered, Rear Porch
  • Foundation Description:Slab

Schools

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

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$379,999
  • Price per sq. ft.:$106.71

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:Gravel Driveway

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