TN
Cocke County - 39
Newport
37821
2482 Elk Way
2482 Elk Way, Newport, TN 37821
Share Listing
Listing Type
Multi Family
Listing Status
Active
60
$748,800

Home Details for 2482 Elk Way

Price
$748,800
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
2000
County
Cocke County - 39
Garage
Days on site
33
MLS Listing#
1327667
Property Description

Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex + Single-Family Home with Mountain Views both front and rear. 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 deck, and a partially fenced yard. Additional value comes from the open frontage land and a total of 1.93 acres offering future development or expansion potential (subject to zoning), making this a compelling value-add opportunity. Whether you're looking to expand a rental portfolio, capitalize on short-term rental demand near the Smokies, or have a single-family residence while generating multiple income streams, 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 Features
  • Cooling Information
    • Central Air
    • Ceiling Fan(s)
  • Heating Information
    • Heat Pump
    • Electric
  • Parking
    • Garage Door Opener
    • On Site
  • House Interior
    • Kitchen Island
School Information
School Information for 2482 Elk Way, Newport, TN 37821
Elementary School
Cosby
Middle School
Cosby
High School
Cosby
Listing Courtesy: Country Living Realty - 423-237-1046
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Median Listing Price
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Market statistics compiled from data from East Tennessee Realtors.
EXIT TENNESSEE REALTY PROS
1338 Parkway Rd., Suite 2, Sevierville, TN 37862
Office
865 429 2800
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