2480 Elk Way, Newport, TN 37821
- $360,000
- 3
- BD
- 4
- BA
- 2,569
- SqFt
- Sold Price
- $360,000
- List Price
- $388,800
- Closing Date
- Jun 29, 2026
- MLS#
- 1327739
- Status
- CLOSED
- Type
- Single Family Residential
- City
- Newport
- County
- Cocke
- Bedrooms
- 3
- Bathrooms
- 4
- Baths Full
- 4
- Living Area
- 2,569
- Year Built
- 1984
- DOM
- 155
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.
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Additional Information
- Acres
- 1.15
- Appliances
- Dishwasher, Range, Refrigerator, Washer, Dryer, Other
- Construction
- Frame, Wood Siding
- Cooling
- Ceiling Fan(s), Central Air
- Exterior Features
- Windows - Vinyl
- Fireplace
- Yes
- Floors
- Carpet, Tile
- Garage
- Main Level, Garage Door Opener
- Living Area
- 2,569
- Lot Description
- Rolling Slope, Irregular Lot
- Lot Dimensions
- 232x216x174x275
- Style
- Other
- View
- Mountain View
- Year Built
- 1984
- Heating
- Heat Pump, Electric
- Num Of Rooms
- 7
- Fireplaces
- 1
- Hoa
- No
- Water
- Public
- Sewer
- Septic Tank
Mortgage Calculator
Agent: Donald Fabrikant |
Office: Country Living Realty |
Selling Office: .