Tri-Plex with Mountain
2482 Elk Way Newport, TN 37821
For Sale
$379,999
Pending
MULTI_FAMILY - Newport, TN
Property Size3,561 SF
Lot Size0.78 Acres
Days on Market51
Property Features for 2482 Elk Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 3
- Bathrooms
- 5
- Rooms
- Bedroom 3, Laundry Room, Bedroom 2, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 6, Bathroom 3, Bathroom 5, Bedroom 1
- Window features
- Double Pane Windows
- Pets allowed
- Yes
- Interior features
- Ceiling Fan(s), Eat-in Kitchen, High Speed Internet
- Standard status
- Pending
- APN
- 083 039.09
- Size
- 3,561 SF
- Lot size
- 0.78 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2154
Utilities
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating), Central
- Cooling system
- Central Air, Heat Pump
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Tile, Carpet
- Building materials
- Vinyl Siding, Wood Siding
Listing Agency:
Country Living Realty
(423) 430-9012
Listed By:
Donald Fabrikant · License #300538
(423) 430-9012
Added: Jun 5
Changed: Jul 12
Last Checked: Jul 25 at 8:06AM
MLS# 312190
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.
Investment Insights
Based on property information with market context.
This income-producing tri-plex offers three separate 1-bedroom, 1.5-bath units. Each unit is approximately 1,187 square feet, and the property is fully leased and producing income. Improvements include a brand-new roof and new HVAC systems, helping reduce near-term maintenance and capital expenditure. The property also sits on open frontage land totaling 0.78 acres and features mountain views both front and rear.
Located at 2482 Elk Way in Newport, Tennessee, the tri-plex is described as near medical facilities, shopping, and dining. For regional access, the listing notes it is about 53 minutes to Knoxville and approximately 48 minutes to Pigeon Forge or Gatlinburg, with about 45 minutes to Hot Springs, NC.
The configuration supports flexible rental use for an owner looking for either long-term tenancies or short-term rental strategies. With the three units already set up as 1-bedroom layouts and major systems recently updated, the property is positioned as a turnkey addition for investors or operators seeking a multi-unit asset in the Smoky Mountains area.
Located at 2482 Elk Way in Newport, Tennessee, the tri-plex is described as near medical facilities, shopping, and dining. For regional access, the listing notes it is about 53 minutes to Knoxville and approximately 48 minutes to Pigeon Forge or Gatlinburg, with about 45 minutes to Hot Springs, NC.
The configuration supports flexible rental use for an owner looking for either long-term tenancies or short-term rental strategies. With the three units already set up as 1-bedroom layouts and major systems recently updated, the property is positioned as a turnkey addition for investors or operators seeking a multi-unit asset in the Smoky Mountains area.
Key Highlights
- Income‑producing tri‑plex with three 1‑bedroom, 1.5‑bath units, each 1,187 SF, all currently producing income
- New roof and new HVAC systems on the tri‑plex—reducing near‑term maintenance and capital expenditure
- 0.78‑acre lot with open frontage and mountain views both front and rear
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Turnkey Newport tri-plex with three leased 1-bedroom units, featuring recent roof replacement and new HVAC systems.
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: Income‑producing tri‑plex with three 1‑bedroom, 1.5‑bath units, each 1,187 SF, all currently producing income; New roof and new HVAC systems on the tri‑plex—reducing near‑term maintenance and capital expenditure; 0.78‑acre lot with open frontage and mountain views both front and rear
