Homes for sale - 2480 Elk Way, Newport, TN 37821

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Justin Ortega

justinortega@kw.com +1(504) 231-7870

Listed by Don Fabrikant • Country Living Realty

$ 388,800

Est. payment | -/mo

3 Beds

4 Baths

2,569 SqFt

Save

$ 388,800

Est. payment | -/mo

Save

3 Beds

4 Baths

2,569 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,569 sqft

Price per Sqft $151

MLS Listing ID 3117059

Bedrooms 3

Full Baths 4

Year Built 1984

Annual Tax Amount $1,246

Lot Size 1.150 Acres

Acres 1.15

Lot Dimensions 232x216x174x275

Property Sub-Type Single Family Residence

Property Description

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.

Location

State TN

County Cocke County

Interior

Interior Features Ceiling Fan(s), Kitchen Island

Heating Electric, Heat Pump

Cooling Central Air, Ceiling Fan(s)

Flooring Carpet, Tile

Fireplaces Number 1

Fireplace Y

Appliance Dishwasher, Dryer, Range, Refrigerator, Washer

Exterior

Garage Spaces 2.0

Utilities Available Electricity Available, Water Available

View Y/N true

View Mountain(s)

Private Pool false

Building

Lot Description Other, Level, Rolling Slope

Story 2

Sewer Septic Tank

Water Public

Structure Type Frame,Other

New Construction false

Schools

Elementary Schools Cosby Elementary

High Schools Cosby High School

Others

Senior Community false

Special Listing Condition Standard

NEARBY SCHOOLS & PROPERTIES

PROPERTIES

There are 4 listings nearby.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(504) 231-7870

justinortega@kw.com

2480 Elk Way Newport, TN 37821