Tri-Plex with Mountain
2482 Elk Way Newport, TN 37821
For Sale
$379,999
Pending
MULTI_FAMILY - Newport, TN
Property Size3,586 SF
Lot Size0.78 Acres
Days on Market48
Property Features for 2482 Elk Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 6, Bathroom 5, Bedroom 2, Bathroom 2, Bathroom 1
- Patio and Porch features
- Porch
- Exterior features
- Windows - Vinyl
- Appliances
- Dishwasher, Dryer, Range, Refrigerator, Washer
- Standard status
- Pending
- APN
- 083 039.09
- Size
- 3,586 SF
- Lot size
- 0.78 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2154
Utilities
- Heating system
- Electric (Heating), Central, Heat Pump (Heating)
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 2000
- Number of units
- 3
- Flooring type
- Tile, Carpet
- Building materials
- Vinyl Siding, Frame
- Roof type
- Shingle
Listing Agency:
Country Living Realty
(423) 430-9012
Listed By:
Donald Fabrikant · License #300538
(423) 430-9012
Added: Jun 8
Changed: Jul 11
Last Checked: Jul 25 at 8:06AM
MLS# 1343928
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.
Investment Insights
Based on property information with market context.
This turnkey tri-plex features three separate 1-bedroom, 1.5-bath units, each listed at 1,187 square feet. The property is described as fully leased and currently generating income, with both front and rear mountain views. Recent capital improvements include a brand-new roof and new HVAC systems for the tri-plex, which can help reduce near-term maintenance and capital expenditure. In addition to the building, the offering includes open frontage land totaling 0.78 of an acre.
The tri-plex is located in Newport, TN, in Cocke County. The remarks indicate the property is near medical facilities, shopping, and dining, supporting tenant convenience. Travel time estimates provided in the listing place the property about 53 minutes from Knoxville and 48 minutes from Pigeon Forge or Gatlinburg.
For investors or owner-operators, the asset provides a compact, multi-unit structure with three independent residential units, allowing flexibility between longer-term and short-term rental strategies as noted in the listing. With income-producing occupancy and major system work already completed, this property is positioned for buyers seeking a hands-on investment that is ready to operate, while still offering the option to align future operations with prevailing rental preferences.
The tri-plex is located in Newport, TN, in Cocke County. The remarks indicate the property is near medical facilities, shopping, and dining, supporting tenant convenience. Travel time estimates provided in the listing place the property about 53 minutes from Knoxville and 48 minutes from Pigeon Forge or Gatlinburg.
For investors or owner-operators, the asset provides a compact, multi-unit structure with three independent residential units, allowing flexibility between longer-term and short-term rental strategies as noted in the listing. With income-producing occupancy and major system work already completed, this property is positioned for buyers seeking a hands-on investment that is ready to operate, while still offering the option to align future operations with prevailing rental preferences.
Key Highlights
- Income‑producing tri‑plex with three 1‑bedroom, 1.5‑bath units, each at 1,187 SF (all producing income).
- Recent capital improvements include a brand‑new roof and new HVAC systems on the tri‑plex.
- 0.78‑acre property with open frontage land.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three leased 1-bedroom units with mountain views, supported by recent roof and HVAC upgrades for reduced near-term expenses.
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 at 1,187 SF (all producing income).; Recent capital improvements include a brand‑new roof and new HVAC systems on the tri‑plex.; 0.78‑acre property with open frontage land.
