2482 Elk Way, Newport, TN 37821
Multi-Unit (2-4) - Newport, TN
- Added:
- Jan 15, 2026
- Days on Market:
- 145
- Last Refresh:
- Jun 9 at 9:06 pm
Property Features for 2482 Elk Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Living Room
- Parking features
- Garage, Garage - Attached
- Interior features
- Walk-in Closet
- Appliances
- Dishwasher, Dryer, Refrigerator, Washer
- Standard status
- Active
- Size
- 3,561 SF
- Lot size
- 0.78 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2154
Utilities
- Heating system
- 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
- Stucco, Vinyl Siding, Wood Siding
- Roof type
- Asphalt
- Architectural style
- Other
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
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
- Income‑producing 3‑unit tri‑plex with three 1‑bedroom, 1.5‑bath units, each 1,187 SF
- All units currently leased and producing income, suited for long‑term or short‑term rental strategies
- Recent improvements include a brand‑new roof and new HVAC systems on the tri‑plex
- 0.78‑acre property with open frontage
- Built in 2000 with central air and a heat pump for heating
- Attached garage parking; interior features include walk‑in closet and tile/carpet flooring
Overview
The property is located at 2482 Elk Way in Newport, TN. Public remarks indicate mountain views to both the front and rear, along with proximity to medical facilities, shopping, and dining. The listing also provides driving times to regional destinations, including 53 minutes to Knoxville, 48 minutes to Pigeon Forge or Gatlinburg, and 45 minutes to Hot Springs, NC.
For tenants and operators, the unit mix supports straightforward long-term rental use while also fitting a short-term rental strategy, based on the owner’s stated flexibility. With all three units described as currently leased and the roof and HVAC upgrades already completed, this is a practical option for buyers seeking a multi-unit residential income property with reduced near-term system risk and additional outdoor frontage.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Cocke
- State
- Tennessee
- Longitude
- -83.217116
- Latitude
- 35.889379
