Turnkey Investment Property Near
2482 Elk Way, Newport, TN 37821
MULTI_FAMILY - Newport, TN
Property size:
6,133 SFLot size:
1.90 AcresPrice / SF:
$122/SF- Added:
- Jan 25, 2026
- Days on Market:
- 113
- Last Refresh:
- May 18 at 10:06 am
Property Features for 2482 Elk Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 6
- Bathrooms
- 9
- Rooms
- Bedroom 5, Bathroom 6, Bathroom 5, Bedroom 6, Bathroom 10, Bathroom 7, Bathroom 8, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 9, Bathroom 1, Bathroom 2, Laundry Room, Bedroom 1
- Parking features
- Garage, Open
- Window features
- Double Pane Windows
- Pets allowed
- Yes
- Interior features
- Ceiling Fan(s), Eat-in Kitchen, High Speed Internet, Kitchen Island, Walk-In Shower(s)
- Fencing
- Chain Link
- Fireplace
- 1
- Standard status
- Active
- APN
- 083 03909 000
- Size
- 6,133 SF
- Lot size
- 1.90 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3398
Utilities
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Carpet, Tile
- Building materials
- Vinyl Siding, Wood Siding
Listing agent Donald Fabrikant License #300538 (423) 430-9012
Listing office Country Living Realty 866 Shadowbrook Way, Parrotsville, TN (423) 430-9012
Listing date Jan 25, 2026
MLS# 309917
Listing URL
Copyright © 2026 Great Smoky Mountains Association of Realtors. 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 property generating $5,900 monthly income.
- Enjoy mountain views from both front and rear of the property.
- Recent capital improvements including new roofs and HVAC systems on the tri‑plex.
- Tri‑plex offers three 1‑bedroom, 1.5‑bath units.
- Single‑family home (3‑bedroom, 4‑bath, 2,569 sq ft) with a new deck and partially fenced yard provides additional income or owner‑occupant option.
- 1.93 acres of land offers future development or expansion potential.
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 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. Recent capital improvements include a brand-new roof on both the Tri-Plex and house and new HVAC systems on the tri-plex. The property includes 1.93 acres of open frontage land, offering future development or expansion potential, subject to zoning. 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. This 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 property generating $5,900 monthly income.; Enjoy mountain views from both front and rear of the property.; Recent capital improvements including new roofs and HVAC systems on the tri‑plex.
