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2482 Elk Way
Newport TN 37821 US

$379,999

Active Listing ID 711754
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3 bed
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5.00 Bath (3 Full , 3 Half)
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Lot: 0.78 Acres
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Single Family Residence

$379,999

Active Listing ID 711754
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2482 Elk Way Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex with Mountain Views both front and rear. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex ideally located near medical facilities, shopping, and dining. The tri-plex offers three 1-bedroom, 1.5-bath units (1, 187 SF each), all currently producing income and well suited for either long-term or short-term rental strategies. Recent capital improvements include a brand-new roof and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Additional value comes from the open frontage land and a total of 0.78 of an acre Whether you're looking to expand a rental portfolio, capitalize on short-term rental demand near the Smokies, this property delivers: Immediate cash flow Multiple rental strategies, major system upgrades already completed desirable location Long-term appreciation potential A true turnkey investment with flexibility. This property is 53 minutes to Knoxville, 48 minutes to Pigeon Forge or Gatlinburg and only 45 minutes to Hot springs NC.

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Property Features

  • Facts
  • Lot Size: 0.78 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 3
  • 1/2 Bathrooms: 3
  • Cooling System: Heat Pump, Ceiling Fan(s)
  • Exterior Finish: Awning(s), Rain Gutters
  • Floor Covering: Carpet, Tile
  • Heating Fuels: Heat Pump (Heating)
  • Additional Features
  • Patio

School Information

  • School
  • Cosby K-12(Elementary)
  • Cosby (K-12)(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Single Family Residence
  • listprice: 379999
  • unparsedaddress: 2482 Elk Way
  • postalcity: Newport
  • stateorprovince: TN
  • country: US
  • postalcode: 37821
  • bathroomsfull: 3
  • bathroomshalf: 3
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.78
  • lotsizeunits: Acres
  • lotsizearea: 0.78
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 35.890642
  • longitude: -83.217096
  • listagentfullname: Donald Fabrikant
  • listagentemail: donfabs@outlook.com
  • listagentkey: 3yd-LAARTN-277_502
  • listagentmlsid: 277_502
  • listagentpreferredphone: 4232371046
  • listagentofficephone: 4234309012
  • listofficekey: 3yd-LAARTN-277
  • 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: 2000
  • listingcontractdate: 2026-06-05
  • listagenturl: http://www.countrylivingrealtytn.com
  • countyorparish: Cocke
  • parcelnumber: 083 039.09
  • elementaryschool: Cosby K-12
  • highschool: Cosby (K-12)
  • appliances: Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Refrigerator, Washer
  • cooling: Heat Pump, Ceiling Fan(s)
  • constructionmaterials: Vinyl Siding, Wood Siding
  • flooring: Carpet, Tile
  • heating: Heat Pump (Heating)
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Independent
  • interiorfeatures: Eat-in Kitchen, High Speed Internet
  • exteriorfeatures: Awning(s), Rain Gutters
  • windowfeatures: Vinyl Frames, Double Pane Windows
  • architecturalstyle: Ranch
  • rooms: Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 4, Laundry Room, Bedroom 2, Bathroom 2
  • patioandporchfeatures: Porch
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.217094, 35.89064
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Country Living Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":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":"277", "ListOfficeCity":"Parrottsville", "ListOfficeCountry":"US", "ListOfficeEmail":"donfabs@outlook.com", "ListOfficePostalCode":"37843", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Ranch - Newport, TN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2482-Elk-Way_Newport_TN_37821_M93718-41580?f=listhub&s=LAARTN&m=711754&c=rexren", "MLSModificationTimestamp":"2026-06-08 20:00:54", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2154, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/9/2026 1:31:55 PM GMT
Source Updated Date: 6/13/2026 6:49:26 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.