2482 Elk Way Newport, TN $ 379,999
2482 Elk Way
$ 379,999
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2482 Elk Way

Newport, TN, 37821
$ 379,999
Bedrooms3 Baths3.3 Sq 3,561

Monthly Estimate*

$ 2,399

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Multi-Family Home for sale in Newport, TN

for $379,999 with 3 bedrooms and 3 full baths, 3 half baths. This 3,561 square foot home was built in 2000 on a lot size of 0.78.

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 demand 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.

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Multi-Family Pending

Price

$ 379,999

Bedrooms

3

Full Bath

3

Half Bath

3

Property Type

Multi-Family

Taxes

$ 2,154

Style

Lot Size

0.78

Year Built

2000

Town/City

Newport

County/Region

Cocke

MLS | Web ID

312190

Features
General
Sewer Septic Tank Septic Permit On File
Heating Central Heat Pump
Cooling Central Air Heat Pump
Utilities Cable Connected Electricity Connected Water Connected
Possession Subject To Tenant Rights Other
Zoning Residential
Garage Spaces 0
Construction Materials Vinyl Siding Wood Siding
Pets Allowed Yes
Year Built 2000
Electric 220 Volts
Tenant Pays Cable TV Electricity Water
View Mountain(s)
Property Subtype Triplex
Tax Year 2025
Current Use Multi-Family Residential
County Cocke
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Subdivision Name None
Garage Y/N false
Full Baths 3
Status Pending
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 High
City Newport
Number Of Units Total 1
MLS Area Cocke County
Lot Size Units Acres
Lot Size Square Feet 33976.8
Number of Units Leased 3
Elementary School Cosby Elementary
Tax Annual Amount 2154
MLS Area Minor Cocke County
Standard Status Pending
Occupancy Type Tenant
Tax Lot 13R
Total Actual Rent 3080
Occupancy Either
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Interior
Interior Amenities Ceiling Fan(s) Eat-in Kitchen High Speed Internet
Flooring Carpet Tile
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N false
Half Baths 3
Laundry Features Electric Dryer Hookup Laundry Room Main Level Washer Hookup
Total Bedrooms 3
Total Baths 6
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Exterior
Fencing None
Parking Features Common Gravel
Lot Features Level
Water Source Public
Lot Size Area 0.78
Building Area Total 3561
Lot Dimensions 137x275x115x281
Lot Size Acres 0.78
Road Surface Type Gravel
Lot Size Source Survey
Number of Separate Water Meters 3
Number of Separate Electric Meters 3
Road Responsibility Private Maintained Road
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* Excluded Features
List By
Country Living Realty

Broker

donfabs@outlook.com

Email

Affordability Calculator

$2,579
Per Month
93%
7%
0%
Monthly Principal & Interest
$2,399
Monthly Property Taxes
$180
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
0 Elementary School
0 Middle School
Cosby High High School High School
Pricing History
DatePricePrice ChangeDescription
6/8/2026$379,999 Listed Price

Map


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2482 Elk Way, Newport, TN, 37821 is a Multi-Family Home for sale at $379,999 with 3,561 sqft and a lot size of 0.78. 2482 Elk Way has 3 bedrooms, 3.3 baths, and was built in 2000. The property's zip code is 37821 which is in Newport, TN