Updated Three-Unit Mountain-View
For Sale
$379,999
2482 Elk Way, Newport, TN 37821
Fully leased residences support long-term or short-term rental use with recent major system upgrades.
Property Size3,586 SF
Price / SF$105.97
Days on Market52
Property Features for 2482 Elk Way
General Information
Standard status
Active
Size
3,586 SF
Property subtype
Multi-Family
Building Details
Year Built
2000
Listing Agency:
Country Living Realty
(423) 237-1046
Listed By:
Don Fabrikant · License #300538
Source:
Shearonsellsteam
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 30 at 1:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Country Living Realty
Investment Insights
Based on property information with market context.
This 2000-built triplex contains three one-bedroom, 1.5-bath residences, each measuring 1,187 SF. The units are fully leased and currently producing income, with layout flexibility for either long-term or short-term rental strategies. A new roof and new HVAC systems provide recent updates to the building’s major components. Mountain views extend from both the front and rear of the property.
The 0.78-acre holding also includes open frontage land. The property is positioned near medical facilities, shopping, and dining, with Knoxville approximately 53 minutes away. Pigeon Forge and Gatlinburg are each approximately 48 minutes away, while Hot Springs, NC, is approximately 45 minutes away.
The 0.78-acre holding also includes open frontage land. The property is positioned near medical facilities, shopping, and dining, with Knoxville approximately 53 minutes away. Pigeon Forge and Gatlinburg are each approximately 48 minutes away, while Hot Springs, NC, is approximately 45 minutes away.
Key Highlights
- Three one‑bedroom, 1.5‑bath units, each measuring 1,187 SF
- Fully leased triplex currently producing income
- New roof and new HVAC systems
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 37821, TN
22,928
Population
10,897
Households
2.1
Avg Household Size
44
Median Age
9%
College-Educated
84%
High-School Grad
129.8 sq mi
ZIP Area
177
Density / Sq Mi
$45,350
Median Household Income
$34,307
Median Earnings
$789
Median Rent
$127,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased residences support long-term or short-term rental use with recent major system upgrades.
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 $379,999.
What are key features of this property?
This property features: Three one‑bedroom, 1.5‑bath units, each measuring 1,187 SF; Fully leased triplex currently producing income; New roof and new HVAC systems
