2480 Elk Way, Newport, TN 37821

Newport
Local realty services provided by:ERA Chappell & Associates Realty & Rental
2480 Elk Way,Newport, TN 37821
$388,800
  • 3 Beds
  • 4 Baths
  • 2,569 sq. ft.
  • Single family
  • Active
Listed by: don fabrikant
Office: country living realty
MLS#:3117059
Source:NASHVILLE

Price summary

  • Price:$388,800
  • Price per sq. ft.:$151.34

About this home

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...

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Home facts

  • Year built:1984
  • Listing ID #:3117059
  • Added:113 day(s) ago
  • Updated:May 21, 2026 at 02:17 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet, Tile
  • Kitchen Description:Dishwasher, Refrigerator
  • Basement:Yes
  • Living area:2,569 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Electric, Heat Pump
  • Central air:Yes

Structure and exterior

  • Year built:1984
  • Building area:2,569 sq. ft.
  • Lot area:1.15 Acres
  • Lot Features:Level, Rolling Slope
  • Construction Materials:Frame
  • Exterior Features:Deck, Porch
  • Levels:2 Story

Schools

  • High school:Cosby High School
  • Elementary school:Cosby Elementary

Utilities

  • Water:Public, Water Available
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$388,800
  • Price per sq. ft.:$151.34
  • Tax amount:$1,246

Features and amenities

  • Appliances:Dishwasher, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Ceiling Fan(s)

Parking

  • Total parking spaces:2
  • Garage:Yes
  • Garage spaces:2
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