2480 Elk Way , Newport, TN 37821

$388,800
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Active
BEDS3 BATHS4 full SQUARE FEET2,569 MLS#3117059
STATUSActive PROPERTY TYPEResidential - Single Family

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# 3117059

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 1984 and has 3 bedrooms and 4 full baths with 2569 sq. ft. Search Newport real estate on www.excelredtn.com today.

Property Features

Property Type: Residential - Single Family
Basement: None
Cooling: Central Air, Ceiling Fan(s)
Fireplaces: 1
Garage: 2
Heating: Electric, Heat Pump
Lot Size: 1.15 Acres
Stories: 2.0
Taxes: $1,246
Year Built: 1984

Amenities

Ceiling Fan(s)
Kitchen Island

Feature Descriptions

Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
Days on Site: 70
Exterior: Frame, Other
Flooring: Carpet, Tile
Laundry: Washer Hookup, Electric Dryer Hookup
Lot: Other, Level, Rolling Slope
Lot Dimensions: 232x216x174x275
Parking: Garage Door Opener
Parking Notes: Garage Door Opener
Patio/Porch: Deck, Porch, Covered
Sewer: Septic Tank
Topography: Other, Level, Rolling Slope
Utilities: Electricity Available, Water Available
Water: Public

Local Schools

High School: Cosby High School
Elementary School: Cosby Elementary

Listed By / Shown By

Listed By

Agency Name: Country Living Realty
Agency Phone: 4234309012

Shown By

Agency Title: ExCEL Real Estate & Development Co.
Agency Phone: 615-256-6566

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Estimated Payment

$ 1,082.53 per month $865.30 Principal & Interest $103.83 Property Tax $113.40 Homeowner's Insurance

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