2482 Elk Way, Newport, TN 37821

Local realty services provided by:ERA In The Smokies Realty & Rentals
2482 Elk Way,Newport, TN 37821
$748,800
  • 6 Beds
  • 10 Baths
  • 6,133 sq. ft.
  • Multi-family
  • Active
Listed by: donald fabrikant
Office: country living realty
MLS#:309917
Source:TN_GSMAR

Price summary

  • Price:$748,800
  • Price per sq. ft.:$122.09

About this home

Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex + Single-Family Home with Mountain Views both front and rear. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex and a separate single-family residence also leased, 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 on both the Tri-Plex and house and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Next door, the 3-bedroom, 4-bath single-family home adds another income stream or provides an excellent owner-occupant option. The home is 2,569 sq ft with a two-car garage and features a newly built deck, and a partially fenced yard. Additional value comes from

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Home facts

  • Year built:2000
  • Listing ID #:309917

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:10
  • Full bathrooms:7
  • Half bathrooms:3
  • Living area:6,133 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Year built:2000
  • Building area:6,133 sq. ft.
  • Lot area:1.9 Acres

Schools

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

Utilities

  • Water:Water Connected
  • Sewer:Septic Permit On File, Septic Tank

Finances and disclosures

  • Price:$748,800
  • Price per sq. ft.:$122.09
  • Tax amount:$3,398 (2025)

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