2480 Elk Way Newport, TN $ 388,800
2480 Elk Way
$ 388,800
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2480 Elk Way

Newport, TN, 37821
$ 388,800
Bedrooms3 Baths4.0 Sq 2,569

Monthly Estimate*

$ 2,394

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Single Family Home for sale in Newport, TN

for $388,800 with 3 bedrooms and 4 full baths. This 2,569 square foot home was built in 1884 on a lot size of 1.15.

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.

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Single Family Active

Price

$ 388,800

Bedrooms

3

Full Bath

4

Property Type

Single Family

Taxes

$ 1,245

Style

Ranch

Lot Size

1.15

Year Built

1884

Town/City

Newport

County/Region

Cocke

MLS | Web ID

9990558

Features
General
Sewer Septic Tank
Heating Heat Pump
Cooling Ceiling Fan(s) Heat Pump
Utilities Electricity Connected Water Connected Cable Connected
Roof Shingle
Appliances Cooktop Dishwasher Dryer Electric Range Refrigerator Washer
Zoning residential
Garage Spaces 2
Patio/Porch Features Rear Porch Side Porch
Architectural Style Ranch
Construction Materials Wood Siding
Year Built 1884
View Mountain(s)
Topography Level Rolling Slope
Property Subtype Single Family Residence
County Cocke
New Construction false
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Not In Subdivision
Total Rooms 7
Full Baths 4
Status Active
Directions 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.
High School Cosby
City Newport
MLS Area 208 - Cocke County
Lot Size Units Acres
Lot Size Square Feet 50094
Elementary School Cosby
Home Warranty Y/N false
Middle/Junior High School Cosby
Property Condition Average
MLS Area Minor 208 - Cocke County
Structure Type House
Standard Status Active
Conventional true
FHA true
Wood siding true
Cash true
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Interior
Interior Amenities Laminate Counters Open Floorplan
Flooring Carpet Tile
Fireplace Features Living Room
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N true
Laundry Features Electric Dryer Hookup
Total Bedrooms 3
Total Baths 4
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Exterior
Fencing Back Yard
Parking Features Driveway Garage Door Opener Gravel
Water Source Public
Lot Size Area 1.15
Building Area Total 2569
Lot Dimensions 232x216x174x275
Lot Size Acres 1.15
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* Excluded Features
List By
Don Fabrikant

Listing Agent

Country Living Realty

Broker

donfabs@outlook.com

Email

Affordability Calculator

$2,498
Per Month
96%
4%
0%
Monthly Principal & Interest
$2,394
Monthly Property Taxes
$104
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4754594 Elementary School
4508103 Middle School
Cosby High School High School
Pricing History
DatePricePrice ChangeDescription
2/11/2026$388,800 Listed Price

Map


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2480 Elk Way, Newport, TN, 37821 is a Single Family Home for sale at $388,800 with 2,569 sqft and a lot size of 1.15. 2480 Elk Way has 3 bedrooms, 4.0 baths, and was built in 1884. The property's zip code is 37821 which is in Newport, TN