TN
Cocke
Newport
37821
2482 Elk Way
2482 Elk Way, Newport, TN 37821
Share Listing
Listing Type
Multi Family
Listing Status
Active
76
$748,800

Home Details for 2482 Elk Way

Price
$748,800
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
2000
Lot size acres
1.93
County
Cocke
Garage
Days on site
33
MLS Listing#
9990572
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
  • House Interior
    • Eat-in Kitchen
    • Kitchen Island
    • Laminate Counters
    • Open Floorplan
  • Utilities
    • Cable Available
    • Electricity Connected
    • Water Connected
    • Cable Connected
  • Parking
    • Unpaved
    • Garage Door Opener
    • Gravel
  • Cooling Information
    • Ceiling Fan(s)
    • Heat Pump
  • Heating Information
    • Heat Pump
  • Water Features
    • Public
  • Fire Place
    • Living Room
School Information
School Information for 2482 Elk Way, Newport, TN 37821
Elementary School
Cosby
Middle School
None
High School
Cosby
Listing Courtesy: Country Living Realty - 423-430-9012
Presented by: Don Fabrikant
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 EXIT Realty, 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.
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Median Listing Price
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Median Square Feet
Market statistics compiled from data from Tennessee Virginia Regional MLS.
EXIT REALTY TRI-CITIES
1604 Lamons Lane #201, Johnson City, TN 37604
Office
423 806 0400
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