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 1984 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

$ 1,246

Style

Lot Size

1.15

Year Built

1984

Town/City

Newport

County/Region

Cocke

MLS | Web ID

3117059

Features
General
Living Area 2569
Sewer Septic Tank
Heating Electric Heat Pump
Cooling Central Air Ceiling Fan(s)
Utilities Electricity Available Water Available
Possession Close Of Escrow
Appliances Dishwasher Dryer Range Refrigerator Washer
Garage Spaces 2
Patio/Porch Features Deck Porch Covered
Architectural Style Other
Construction Materials Frame Other
Year Built 1984
View Mountain(s)
Stories Count 2
Topography Other Level Rolling Slope
Levels One
Property Subtype Single Family Residence
County Cocke County TN
New Construction N
Property Type Residential
Attached Garage N
Garage Y/N Y
Full Baths 4
Status Active
Buyer Financing FHA Other Conventional
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 t
High School Cosby High School
City Newport
Senior Community Y/N N
Lot Size Units Acres
Elementary School Cosby Elementary
Property Attached Y/N N
Year Built Details Existing
Tax Annual Amount 1246
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 13R
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Interior
Interior Amenities Ceiling Fan(s) Kitchen Island
Basement None
Flooring Carpet Tile
Total Fireplaces 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 2569
Half Baths 0
Laundry Features Washer Hookup Electric Dryer Hookup
Total Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Appraiser
Above Grade Finished Area Source Appraiser
Above Grade Finished Area Unit Type Square Feet
Total Baths 4
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Exterior
Parking Features Garage Door Opener
Lot Features Other Level Rolling Slope
Water Source Public
Total Parking 2
Lot Size Area 1.15
Building Area Total 2569
Lot Dimensions 232x216x174x275
Lot Size Acres 1.15
Lot Size Source Survey
Waterfront Y/N N
Covered Spaces 2
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Internal Only
Street Number 1 2480
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* Excluded Features
List By
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
5375520 Elementary School
5359405 Middle School
Cosby High School High School
Pricing History
DatePricePrice ChangeDescription
1/27/2026$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 1984. The property's zip code is 37821 which is in Newport, TN