2480 elk way

Newport, TN 37821

3 BEDS 4-Full BATHS
1.14 AC LOT
Residential - Single Family
Image 1
Bedrooms 3
Total Baths 4
Full Baths 4
Acreage 1.15
Status Off Market
MLS # 3117059
County Cocke
More Info
Category Residential - Single Family
Status Off Market
Acreage 1.15
MLS # 3117059
County Cocke
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.

Exterior Features

  • Style Other
  • Construction single family residence
  • Siding Frame, Other
  • Garage Yes
  • Garage Description 2
  • Water Public
  • Sewer Septic Tank
  • Lot Dimensions 232x216x174x275
  • Lot Description Other, Level, Rolling Slope

Interior Features

  • Appliances Dishwasher, Dryer, Range, Refrigerator, Washer
  • Heating Electric, Heat Pump
  • Cooling Central Air, Ceiling Fan(s)
  • Basement None
  • Fireplaces 1
  • Year Built 1984

Neighborhood & Schools

  • Elementary School Cosby Elementary
  • High School Cosby High School

Financial Information

    Listing Information

    Properties displayed may be listed or sold by various participants in the MLS.