2482 Elk Way, Newport, TN 37821

Newport
Local realty services provided by:Better Homes and Gardens Real Estate Gwin Realty
2482 Elk Way,Newport, TN 37821
$748,800
  • - Beds
  • - Baths
  • 6,133 sq. ft.
  • Multi-family
  • Active
Listed by: donald fabrikant, donna fabrikant
Office: country living realty
MLS#:1327667
Source:TN_KAAR

Price summary

  • Price:$748,800
  • Price per sq. ft.:$122.09

About this home

Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex + Single-Family Home with Mountain Views both front and rear. Total lease for the four units combined $5,900 monthly Income. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex and a separate single-family residence also leased, 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 on both the Tri-Plex and house and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Next door, the 3-bedroom, 4-bath single-family home adds another income stream or provides an excellent owner-occupant option. The home is 2,569 sq ft with a two-car garage and features a newly built...

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Home facts

  • Year built:2000
  • Listing ID #:1327667
  • Added:62 day(s) ago
  • Updated:March 10, 2026 at 02:26 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Tile
  • Living area:6,133 sq. ft.

Heating and cooling

  • Cooling:Central Cooling
  • Heating:Electric, Heat Pump

Structure and exterior

  • Year built:2000
  • Building area:6,133 sq. ft.
  • Construction Materials:Frame

Schools

  • High school:Cosby
  • Middle school:Cosby
  • Elementary school:Cosby

Finances and disclosures

  • Price:$748,800
  • Price per sq. ft.:$122.09

Features and amenities

  • Amenities:Windows - Vinyl

Parking

  • Parking description:Garage Door Opener, On Premise Parking

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