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2480 Elk Way, Newport, TN 37821

Beds
3
Baths
4
Sqft
2,569
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCountry Living Realty
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Overview

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.

Location

Full feature list

Basic info

Property type
House
Number of stories
1.5
Number of bedrooms
3
Number of bathrooms
4
Square feet
2,569
Lot size (acres)
1.15
Year built
1984

Interior features

Fireplaces
1
Laundry
Washer Hookup, In Garage, Electric Dryer Hookup

Garage and parking

Garage parking spaces
2

Utilities

Heating
Heat Pump
Cooling
Ceiling Fans, Heat Pump
Sewer
Septic System
Water
Public Water

Taxes

Tax Annual Amount (2025)
$1,245.70

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Great Smoky Mountains Association MLS®#: 309910 Last checked:

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