Turnkey Investment Opportunity Near
2482 Elk Way, Newport, TN 37821
MULTI_FAMILY - Ranch - Newport, TN
Type:Single Family Residence
Property size:
2,569 SFLot size:
1.90 AcresPrice / SF:
$291/SF- Added:
- Jan 25, 2026
- Days on Market:
- 109
- Last Refresh:
- May 14 at 6:06 pm
Property Features for 2482 Elk Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 6
- Bathrooms
- 9
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3, Laundry Room, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 5, Bedroom 5, Bathroom 10, Bathroom 6, Bathroom 8, Bathroom 2, Bathroom 1, Bathroom 9, Bathroom 7
- Window features
- Double Pane Windows, Vinyl Frames
- Patio and Porch features
- Deck, Porch
- Interior features
- Eat-in Kitchen, High Speed Internet, Kitchen Island, Vaulted Ceiling(s)
- Exterior features
- Awning(s), Rain Gutters
- Fencing
- Chain Link
- Fireplace
- 1
- Appliances
- Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Refrigerator, Washer
- Standard status
- Active
- APN
- 083 03908
- Size
- 2,569 SF
- Lot size
- 1.90 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Parcels 083 039.09, 039.05, 083 039.08 addresses are 2480 and 2482 Elk Way
- Tax Annual Amount
- 3398
Utilities
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating)
- Cooling system
- Ceiling Fan(s), Heat Pump
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Tile, Laminate
- Building materials
- Vinyl Siding, Wood Siding
- Architectural style
- Ranch
Listing agent Donald Fabrikant License #300538 (423) 237-1046
Listing office Country Living Realty 866 Shadowbrook Way, Parrottsville, TN (423) 430-9012
Listing date Jan 25, 2026
MLS# 710253
Listing URL
Copyright © 2026 Lakeway Area 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
- Income‑Producing Property: Fully leased tri‑plex and single‑family home generating $5,900 monthly income.
- Turnkey Investment: Recent capital improvements including new roofs and HVAC systems minimize near‑term maintenance costs.
- Development Potential: 1.93 acres with open frontage offers future development or expansion possibilities (subject to zoning).
- Desirable Location: Conveniently located near medical facilities, shopping, dining, and the Smoky Mountains.
- Flexible Rental Strategies: Tri‑plex units suitable for both long‑term and short‑term rentals.
- Single‑Family Home: 3‑bedroom, 4‑bath home provides an additional income stream or owner‑occupant option.
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, suited for long-term or short-term rental strategies. The single-family home has 3 bedrooms and 4 baths with 2,569 square feet and a two-car garage. It also features a newly built deck and a partially fenced yard. The total lease for the four units combined is $5,900 monthly income. 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 is located near medical facilities, shopping, and dining. The property includes 1.93 acres of open frontage land, offering future development or expansion potential, subject to zoning. The property is 53 minutes to Knoxville, 48 minutes to Pigeon Forge or Gatlinburg and only 45 minutes to Hot springs NC.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
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?
Quadplex - Income-producing tri-plex and single-family home near medical facilities.
Where is this quadplex 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: Fully leased tri‑plex and single‑family home generating $5,900 monthly income.; Turnkey Investment: Recent capital improvements including new roofs and HVAC systems minimize near‑term maintenance costs.; Development Potential: 1.93 acres with open frontage offers future development or expansion possibilities (subject to zoning).
