2480 Elk Way, Newport, Tennessee 37821
TN, Newport-
Active Status
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33 Dayz On Cribz Total Days
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Residential Property Type
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3 Beds Total Bedrooms
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4 Baths Full + Half Bathrooms
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2569 Total Sqft $151/sqft
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1.15 Acres Lot/Land Size
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1984 Year Built
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Mortgage Wizard 3000 Advanced Breakdown
Turnkey Smoky Mountains Investment Opportunity – Single-Family Home with Mountain Views. Discover a well-maintained, income-producing single-family home in East Tennessee, ideally located near medical facilities, shopping, and dining—an excellent option for both investors and owner-occupants. This 3-bedroom, 4-bath residence offers 2,569 square feet, a two-car garage, and sits on 1.15 acres, providing strong rental potential and long-term value. The property features mountain views from both the front and rear, a partially fenced yard, and a peaceful setting attractive to both long-term tenants and short-term rental guests. Recent capital improvements include a new roof and new deck, minimizing near-term maintenance costs and enhancing overall asset quality. The open frontage land also offers potential for future expansion or development (subject to zoning regulations). For investors, the adjacent income-producing tri-plex is also available and can be purchased as part of a package sale, creating a rare opportunity to acquire multiple cash-flowing properties in one transaction. Whether you’re building a rental portfolio, entering the Smoky Mountains short-term rental market, or living on-site while generating income from neighboring rentals, this property delivers flexibility, location. Conveniently located approximately 53 minutes to Knoxville, 48 minutes to Pigeon Forge and Gatlinburg, and 45 minutes to Hot Springs, NC.
- Property Type: Residential
- Listing Type: For Sale
- MLS #: 3117059
- Price: $388,800
- View: Mountain(s)
- Full Bathrooms: 4
- Square Footage: 2,569 Sqft
- Year Built: 1984
- Lot Area: 1.15 Acre
- Office Name: Country Living Realty
- Agent Name: Don Fabrikant
- Property Sub Type: Single Family Residence
- Listing Status: Active
- Street Number: 2480
- Street: Elk Way
- City Newport
- State TN
- Zipcode 37821
- County Cocke County, TN
- Longitude: W84° 46' 59.2''
- Latitude: N35° 53' 25.9''
- Directions: From Newport US-321 towards Cosby turn left onto Old 32, continue to follow old 32. Turn left onto O'Neil Rd then turn left onto Elk Way. Stay on Elk way see sign. From Cosby take US-321 onto Old 32 then follow the remaining directions. Property is GPS friendly.
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Heating System Heat Pump, Electric
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Cooling System Central Air, Ceiling Fan(s)
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Basement None
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Patio Covered, Porch, Deck
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Parking Garage Door Opener
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Utilities Electricity Available, Water Available
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Architectural Style Other
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Fireplaces Total 1
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Flooring Carpet, Tile
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Interior Features Kitchen Island, Ceiling Fan(s)
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Laundry Features Electric Dryer Hookup, Washer Hookup
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Sewer Septic Tank
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Dishwasher
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Range
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Refrigerator
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Dryer
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Washer
- Elementary School: Cosby Elementary
- High School: Cosby High School
- Water Source: Public
- Building Size: 2,569 Sqft
- Construction Materials: Other, Frame
- Garage: 2 Spaces
- Levels: One
- Lot Features: Level, Rolling Slope, Other
- Lot Size Dimensions: 232x216x174x275
- On Market Date: January 27th, 2026
- Previous Price: $388,800
- Stories: 2
- Annual Tax Amount: $1,246
- Mls Status: Active
- Originating System Name: RealTracs
- Special Listing Conditions: Standard
- Modification Timestamp: Jan 27th, 2026 @ 9:40pm
- Status Change Timestamp: Jan 27th, 2026 @ 9:01pm
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