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$379,999

For Sale

8 days ago

2482 Elk Way, Newport, TN

House

MLS® 711754

3 Bed

6 Bath

3561 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 3561 sqft
Garage 
Taxes $2,154
Days Active 7
Lot Size 
Approx. Age 2000
Avg. Price Per Sqft $106
MLS® Number 711754

Property Address: 2482 Elk Way, Newport, TN, 37821-6772

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex with Mountain Views both front and rear. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex 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 and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Additional value comes from the open frontage land and a total of 0.78 of an acre Whether you're looking to expand a rental portfolio, capitalize on short-term rental demand near the Smokies, this property delivers: Immediate cash flow Multiple rental strategies, major system upgrades already completed desirable location Long-term appreciation potential A true turnkey investment with flexibility. This property is 53 minutes to Knoxville, 48 minutes to Pigeon Forge or Gatlinburg and only 45 minutes to Hot springs NC.
MLS® Number711754
Laundry LevelMain
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2000
Basement
DrivewayAsphalt
Garage Spaces
HeatHeat Pump
A/CCeiling Fan(s), Heat Pump

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 8, 2026List Date
$379,999List Price
  • Commute

Commute

Starting Address
Destination Address
2482 Elk Way, Newport, TN

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