2482 Elk Way Newport, TN 37821
MULTI_FAMILY - Newport, TN
Property size:
6,133 SFLot size:
1.93 AcresPrice / SF:
$122/SF- Added:
- Jan 25, 2026
- Days on Market:
- 97
- Last Refresh:
- May 2 at 10:06 pm
Property Features for 2482 Elk Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 5, Bathroom 6, Bathroom 8, Bathroom 3, Bathroom 10, Bedroom 6, Bathroom 9, Bathroom 1, Bathroom 7, Bedroom 4
- Parking features
- Open
- Patio and Porch features
- Porch
- Interior features
- Kitchen Island
- Exterior features
- Windows - Vinyl
- Appliances
- Dishwasher, Dryer, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 083 039.09
- Size
- 6,133 SF
- Lot size
- 1.93 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3398
Utilities
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 2000
- Number of units
- 4
- Flooring type
- Carpet, Tile, Laminate
- Building materials
- Vinyl Siding, Frame
- Roof type
- Shingle
Listing agent Donald Fabrikant License #300538 (423) 430-9012
Listing office Country Living Realty 866 Shadow Brook Way, Parrottville, TN (423) 430-9012
Listing date Jan 25, 2026
MLS# 1327667
Listing URL
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Turnkey Smoky Mountains Investment Opportunity
This East Tennessee property features a fully leased tri-plex and a separate leased single-family residence. The tri-plex contains three 1-bedroom, 1.5-bath units, each measuring 1,187 square feet, suitable for long-term or short-term rentals. Recent improvements include a new roof on both the tri-plex and house, along with new HVAC systems on the tri-plex. The adjacent single-family home offers 2,569 square feet with 3 bedrooms and 4 baths, 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 income. Situated near medical facilities, shopping, and dining, the property includes 1.93 acres with open frontage land, offering potential for future development or expansion, subject to zoning regulations. The property is located 53 minutes from Knoxville, 48 minutes from Pigeon Forge or Gatlinburg, and 45 minutes from Hot Springs, NC. This property is intended as an investment opportunity with multiple rental strategies and long-term appreciation potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Single family properties
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?
Multifamily property - Income-producing tri-plex and single-family home near the Smoky Mountains.
Where is this multifamily property 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: Income‑producing property: Tri‑plex and single‑family home generate $5,900 monthly income.; Turnkey investment: Fully leased with recent upgrades (new roof, HVAC) minimizing immediate expenses.; **Mountain views**: Both front and rear of the property offer desirable mountain views.
