Turnkey Investment Property Near
2482 Elk Way, Newport, TN 37821
Ranch, Multi-Unit (2-4) - Newport, TN
Property size:
6,133 SFLot size:
1.90 AcresPrice / SF:
$122/SF- Added:
- Jan 15, 2026
- Days on Market:
- 137
- Last Refresh:
- Jun 1 at 7:06 pm
Property Features for 2482 Elk Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 10
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Living Room
- Parking features
- Garage, Garage - Attached
- Interior features
- Walk-in Closet
- Fireplace
- 1
- Appliances
- Dishwasher, Dryer, Refrigerator, Washer
- Standard status
- Active
- Size
- 6,133 SF
- Lot size
- 1.90 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3398
Utilities
- Heating system
- Fireplace(s), Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2000
- Year renovated
- 2000
- Floors in Building
- 2
- Flooring type
- Carpet, Tile
- Building materials
- Vinyl Siding, Wood Siding
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agent Donald Fabrikant (423) 237-1046
Listing office Country Living Realty 866 Shadowbrook Way, Parrottsville, TN (423) 237-1046
Listing date Jan 15, 2026
MLS# 11637566
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey Investment: Fully leased tri‑plex and single‑family home generating $5,900 monthly income.
- Mountain Views: Enjoy mountain views from both the front and rear of the property.
- Recent Upgrades: New roofs on both buildings and new HVAC systems on the tri‑plex.
- Development Potential: 1.93 acres of land with open frontage offers future development or expansion possibilities (subject to zoning).
- Desirable Location: Close to medical facilities, shopping, dining, Knoxville, Pigeon Forge, Gatlinburg and Hot Springs NC.
- Flexible Usage: Suitable for long‑term rentals, short‑term rentals, or owner‑occupancy with income generation.
Overview
This East Tennessee property features a fully leased tri-plex and a separate single-family residence. The tri-plex contains three 1-bedroom, 1.5-bath units, each with 1,187 square feet. The 3-bedroom, 4-bath single-family home offers 2,569 square feet of living space and includes a two-car garage, a newly built deck, and a partially fenced yard. The total lease for the four units combined is $5,900 monthly. Recent improvements include a new roof on both the tri-plex and house, as well as new HVAC systems on the tri-plex. Situated on 1.9 acres, the property offers open frontage land with potential for future development or expansion, subject to zoning regulations. The property is located near medical facilities, shopping, and dining. It is 53 minutes to Knoxville, 48 minutes to Pigeon Forge or Gatlinburg and only 45 minutes to Hot springs NC. The property is suited for either long-term or short-term rental strategies.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Cocke
- State
- Tennessee
- Longitude
- -83.217116
- Latitude
- 35.889379
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Income-producing triplex and single-family home near medical facilities.
Where is this triplex located?
The property is located at 2482 Elk Way Newport, TN.
What is the asking price?
The asking price for this property is $748,800.
What are key features of this property?
This property features: Turnkey Investment: Fully leased tri‑plex and single‑family home generating $5,900 monthly income.; Mountain Views: Enjoy mountain views from both the front and rear of the property.; Recent Upgrades: New roofs on both buildings and new HVAC systems on the tri‑plex.
