2480 Elk Way, Newport, TN 37821
2480 Elk Way, Newport, TN 37821
2480 Elk Way, Newport, TN 37821
2480 Elk Way, Newport, TN 37821
2480 Elk Way, Newport, TN 37821
2480 Elk Way, Newport, TN 37821
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$ 388,800
Est. payment | /mo

3 Beds

4 Baths

2,569 SqFt


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$ 388,800
Est. payment | /mo
Save

3 Beds

4 Baths

2,569 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,569 sqft

Price per Sqft $151

MLS Listing ID 11637468

Bedrooms 3

Full Baths 4

Year Built 1984

Annual Tax Amount $1,245

Tax Year 2025

Property Description

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.

Location

State TN

County 47029

Rooms

Basement Crawl

Dining Room 0

Kitchen Open

Interior

Fireplaces Number 1

Exterior

Parking Features Attached

Garage Spaces 2.0

Building

Story 2

Sewer Private Septic

Water Municipal

Structure Type Frame

Nearby Locations

GET MORE INFORMATION

Michael Szakos
Michael Szakos

Broker | License ID: TREC #265434

+1(615) 488-7263

7209 Haley Industrial Drive #100, Nolensville, TN, 37135, USA

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2480 Elk Way