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

$ 1,245

Style

Ranch

Lot Size

1.15

Year Built

1984

Town/City

Newport

County/Region

Cocke

MLS | Web ID

710240

Features
Interior
Interior Features Ceiling Fan(s) Primary Downstairs Open Floorplan High Ceilings Eat-in Kitchen Double Vanity
Flooring Carpet Tile
Basement Y/N No
Total Rooms 7
Living Area 2569.00
Fireplace Yes
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General
Sewer Septic Tank
Heating Heat Pump
Cooling Ceiling Fan(s) Heat Pump
Utilities Electricity Connected Water Connected
Possession Close Of Escrow
Roof Asphalt Shingle
Appliances Dryer Washer Refrigerator Electric Water Heater Electric Range Electric Cooktop Dishwasher
Number of Garage Spaces 2.00
Electric 220 Volts in Laundry
Architctural Style Ranch
County Cocke
Levels One and One Half
Property Type A
Tax Year 2025
Occupant Type Tenant
Status Active
Auction Y/N No
Acres 1.1500
Construction Materials Wood Siding
Sub Type Single Family Residence
Year Built 1984
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
City Newport
List Price/SqFt 151.34
New Construction Y/N No
Association? No
Structure Type House
Street Name Elk
Public Remarks 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
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Exterior
Waterfront No
Exterior Features Rain Gutters
Lot Features Cleared Views Open Lot Level Irregular Lot Gentle Sloping
Fencing Chain Link
Inclusions Refrigerator Range Cooktop Dishwasher
Other Structures None
Water Source Public
Pool Features None
Lot Size Dimensions 232x216x174x275
Garage Y/N Yes
Attached Garage Y/N Yes
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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
2484365 Elementary School
2484217 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/30/2026$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