Company Logo
SIGN UP LOGIN

2480 Elk Way, Newport, TN 37821

$388,800
  • 2480 Elk Way, Newport, TN 37821 Main Photo

60 Total Photos [Click to View All]

Active
BEDS3 BATHS4 full SQUARE FEET2,569 MLS#1327739
STATUSActive PROPERTY TYPEResidential - Single Family

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.

2480 Elk Way | MLS# 1327739

This single family home located at 2480 Elk Way, Newport, TN 37821 is currently listed for sale with an asking price of $388,800. This property was built in 1984 and has 3 bedrooms and 4 full baths with 2569 sq. ft. Search Newport real estate on www.franklinrealty.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Cooling, Ceiling Fan(s)
Fireplaces: 1
Fuel Type: Electric
Garage: 2
Heating: Heat Pump, Electric
Home Style: Other
Lot Size: 1.15 Acres
Year Built: 1984

Amenities

Cathedral Ceiling(s)
Kitchen Island
Eat-in Kitchen
Windows - Vinyl

Feature Descriptions

Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer, Other
Days on Site: 79
Exterior: Wood Siding, Frame
Fireplace: Wood Burning
Flooring: Carpet, Tile
Lot: Irregular Lot, Level, Rolling Slope
Lot Dimensions: 232x216x174x275
Parcel #: 083 039.05 083 03908
Parking: Garage Door Opener, Main Level
Sewer: Septic Tank
Special View Info: Mountain View
SQFT Total: 2569
View: Mountain View
Water: Public

Local Schools

High School: Cosby
Elementary School: Cosby

Listed By / Shown By

Listed By

Agency Name: Country Living Realty

Shown By

Agency Title: Franklin Realty Inc.
Agency Phone: 865-484-0660

IDX logo

Estimate Your Payment

Estimated Payment

$ 2,497.16 per month $2,383.76 Principal & Interest $0.00 Property Tax (data not provided by mls) $113.40 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel