Active

2482 Elk Way

Newport, TN 37821

$379,999 $1,602/Mo

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Overview

Bed

Bath

0.78

Acre(Lot)

Description

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 d emand 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 turnkey investment with flexibility. This property is 53 minutes to Knoxville, 48 minutes to Pigeon Forge or Gatlinburg and only 45 minutes to Hot springs NC.

Property Details

Property Type : Residential Income

Price : $379,999

AD Id : 81594121

MLS Id : 9996552

Lot Size : 0.78 Acre

Year Built : 2000

County : Cocke

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Tile, Carpet
Roofing Information

Shingle
Interior Features

Eat-in Kitchen, Laminate Counters, Open Floorplan Roof: Shingle Appliances: Cooktop, Dishwasher, Dryer, Electric Range, Range, Refrigerator, Washer Laundry Features: Electric Dryer Hookup, Washer Hookup Window Features: Double Pane Windows
Heating & Cooling

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

Building Information

Year Built: 2000 Building Area Total: 3561 Construction Materials: Vinyl Siding, Wood Siding Stories: 2 Patio And Porch Features: Covered, Rear Porch Private Pool: No View: Mountain(s)

Lot Information

Lot Dimensions: 137x275x115x281 Main Square Feet: 0.78 Acres Lot Size Acres: 0.78 Lot Size Square Feet: 33976.8

Listing Price Information

Listing Price: $379999 Cash, Conventional

Tax Information

Parcel Number: 083 039.09

Parking Information

Unpaved, Gravel

School Information

Elementary School: Cosby

Junior High School: None

Senior High School: Cosby
Utility Information

Cable Available, Electricity Connected, Water Connected, Cable Connected
Location Information

Direction: From Newport US-321 towards Cosby turn left onto Old 32, continue to follow old 32. Turn left onto O'Neil Rd then turn left onto Elk Way. Stay on Elk way see sign. From Cosby take US-321 onto Old 32 then follow the remaining directions. Property is GPS friendly. WaterSource: Public

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Tennessee Virginia Regional MLS. All Rights Reserved.

ByOwner last updated this listing 06/11/2026 @ 11:58

MLS: 9996552 LISTED BY: Don Fabrikant, Country Living Realty 423-430-9012 SOURCE: TennesseeVirginia Regional MLS