2482 Elk Way, Newport, TN 37821

Newport
Local realty services provided by:Better Homes and Gardens Real Estate Heritage Group
2482 Elk Way,Newport, TN 37821
$379,999
  • - Beds
  • - Baths
  • 3,586 sq. ft.
  • Multi-family
  • Active
Listed by: don fabrikant
Office: country living realty
MLS#:3232634
Source:NASHVILLE

Price summary

  • Price:$379,999
  • Price per sq. ft.:$105.97

About this home

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...

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Home facts

  • Year built:2000
  • Listing ID #:3232634
  • Added:1 day(s) ago
  • Updated:June 09, 2026 at 02:23 PM

Rooms and interior

  • Flooring:Carpet, Tile
  • Living area:3,586 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Central, Electric, Heat Pump
  • Central air:Yes

Structure and exterior

  • Year built:2000
  • Building area:3,586 sq. ft.
  • Construction Materials:Frame, Vinyl Siding

Schools

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

Finances and disclosures

  • Price:$379,999
  • Price per sq. ft.:$105.97
  • Tax amount:$2,154
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