2480 Elk Way, Newport, TN 37821

Local realty services provided by:ERA In The Smokies Realty & Rentals
2480 Elk Way,Newport, TN 37821
$388,800
  • 3 Beds
  • 4 Baths
  • 2,569 sq. ft.
  • Single family
  • Active
Listed by: donald fabrikant
Office: country living realty
MLS#:309910
Source:TN_GSMAR

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 #:309910

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:2,569 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Year built:1984
  • Building area:2,569 sq. ft.
  • Lot area:1.15 Acres

Schools

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

Utilities

  • Water:Water Connected
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$388,800
  • Price per sq. ft.:$151.34
  • Tax amount:$1,245 (2025)

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