2480 Elk Way, Newport, TN 37821 (MLS # 9990558)
Price $388,800
Status Active
Beds 3
Baths 4 Baths
Home size 2,569 sqft
Lot Size 1.15 ac
Days on Market 6
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.
Property Type(s): Single Family
Last Updated 1/26/2026 Tract Not In Subdivision
Year Built 1884 Community 208 - Cocke County
Garage Spaces 2.0 County Cocke

SCHOOLS

Elementary School Cosby
Jr. High School Cosby
High School Cosby

Additional Details

AIR Ceiling Fan(s), Heat Pump
AIR CONDITIONING Yes
APPLIANCES Cooktop, Dishwasher, Dryer, Electric Range, Refrigerator, Washer
AREA 208 - Cocke County
CONSTRUCTION Wood Siding
FIREPLACE Yes
GARAGE Yes
HEAT Heat Pump
INTERIOR Laminate Counters, Open Floorplan
LOT 1.15 acre(s)
LOT DIMENSIONS 232x216x174x275
PARKING Driveway, Garage Door Opener, Gravel
SEWER Septic Tank
STORIES 1.5
STYLE Ranch
SUBDIVISION Not In Subdivision
UTILITIES Cable Available, Electricity Connected, Water Connected, Cable Connected
VIEW Yes
VIEW DESCRIPTION Mountain(s)
WATER Public

Location

Listing provided by Country Living Realty
Listing information is deemed reliable, but not guaranteed.

This IDX solution is (c) Diverse Solutions 2026.

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