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2480 Elk Way
Newport TN 37821 US

$388,800

Active Listing ID 710240
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3 bed
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4.00 Bath (4 Full)
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Lot: 1.15 Acres
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Single Family Residence

$388,800

Active Listing ID 710240
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2480 Elk Way 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.

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Property Features

  • Facts
  • Lot Size: 1.15 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 4
  • Cooling System: Ceiling Fan(s), Heat Pump
  • Exterior Finish: Rain Gutters
  • Roof Type: Asphalt, Shingle
  • Heating Fuels: Heat Pump (Heating)

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 388800
  • unparsedaddress: 2480 Elk Way
  • postalcity: Newport
  • stateorprovince: TN
  • country: US
  • postalcode: 37821
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.15
  • lotsizeunits: Acres
  • lotsizearea: 1.15
  • livingarea: 2569
  • livingareaunits: Square Feet
  • latitude: 35.890572
  • longitude: -83.216921
  • listagentfullname: Donald Fabrikant
  • listagentemail: donfabs@outlook.com
  • listagentkey: 3yd-LAARTN-277_502
  • listagentmlsid: 277_502
  • listagentpreferredphone: 4232371046
  • listagentofficephone: 4232371046
  • listofficekey: 3yd-LAARTN-277
  • listagentstatelicense: 300538
  • listofficemlsid: 277
  • disclaimer: 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.
  • sourcesystemid: LAARTN
  • yearbuilt: 1984
  • listingcontractdate: 2026-01-25
  • listagenturl: http://www.countrylivingrealtytn.com
  • countyorparish: Cocke
  • appliances: Cooktop, Cooktop - Electric, Dishwasher, Dryer, Range, Refrigerator, Washer
  • cooling: Ceiling Fan(s), Heat Pump
  • constructionmaterials: Wood Siding
  • heating: Heat Pump (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Asphalt, Shingle
  • waterfrontyn: False
  • interiorfeatures: Ceiling Fan(s), Primary Downstairs, Open Floorplan, High Ceilings, Eat-in Kitchen, Double Vanity
  • exteriorfeatures: Rain Gutters
  • architecturalstyle: Ranch
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.21692, 35.89057
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Country Living Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"donfabs@outlook.com", "ListBrokerageCity":"Parrottsville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"donfabs@outlook.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/LAARTN/f73975a1ee1611e9bb5a0242ac11000d/20191014232302818.png", "ListBrokerageName":"Country Living Realty", "ListBrokeragePhone":"(423) 237-1046", "ListBrokeragePostalCode":"37843", "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"866 Shadowbrook Road", "ListBrokerageWebsiteUrl":"http://www.countrylivingrealtytn.com", "ListOfficeAddress1":"866 Shadowbrook Way", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Parrottsville", "ListOfficeCountry":"US", "ListOfficeEmail":"donfabs@outlook.com", "ListOfficePostalCode":"37843", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"Single Family Residence, Ranch - Newport, TN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2480-Elk-Way_Newport_TN_37821_M81512-33472?f=listhub&s=LAARTN&m=710240&c=rexren", "MLSModificationTimestamp":"2026-01-28T11:20:59Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Single Family Residence", "RawPropertyType":"Residential", "RoomCount":7, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1245.7, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/28/2026 7:03:36 PM GMT
Source Updated Date: 2/4/2026 12:52:35 PM GMT

Courtesy of: Donald Fabrikant, Country Living Realty, donfabs@outlook.com

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.