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 Baths0.0 Sq 3,586

Monthly Estimate*

$ 2,399

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Multi-Family Home for sale in Newport, TN

for $379,999 with 3 bedrooms. This 3,586 square foot home was built in 2000.

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 Contingent

Price

$ 379,999

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 2,154

Style

Triplex

Year Built

2000

Town/City

Newport

County/Region

Cocke

MLS | Web ID

3232634

Features
General
Living Area 3586
Heating Central Electric Heat Pump
Cooling Central Air Ceiling Fan(s)
Utilities Electricity Available
Roof Other
Construction Materials Frame Vinyl Siding Other
Year Built 2000
Tenant Pays Other
County Cocke County TN
New Construction N
Property Type Residential Income
Attached Garage N
Contingency Financing
Rent Includes Other Trash Collection
Status Under Contract - Showing
Buyer Financing 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
Number Of Units Total 3
Lot Size Units Acres
Elementary School Cosby Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 2154
Middle/Junior High School Cosby Elementary
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active Under Contract
Tax Lot 13R
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Interior
Flooring Carpet Tile
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features Washer Hookup Electric Dryer Hookup
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
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Exterior
Total Parking 0
Building Area Total 3586
Lot Dimensions 137x275x115x281
Waterfront Y/N N
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Internal Only
Street Number 1 2482
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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
5375520 Elementary School
5375520 Middle School
Cosby High School High School
Pricing History
DatePricePrice ChangeDescription
6/9/2026$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 3,586 sqft. 2482 Elk Way has 3 bedrooms, 0.0 baths, and was built in 2000. The property's zip code is 37821 which is in Newport, TN