2480 Elk Way

Newport, TN 37821

$388,800
Price
3
Beds
2,569 Sq. Ft.
$151 / Sq. Ft.
2,569
Sq. Ft.
$151
per Sq. Ft.
1
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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...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.
  1. Listed by Don Fabrikant • Country Living Realty

Property Details for 2480 Elk Way

Architectural Style
Ranch
View
Mountain(s)
Waterfront
No
Zoning
residential
Subdivision
Not In Subdivision
LISTING UPDATED: 01/27/2026 04:32 PM

Property Details for 2480 Elk Way

StatusActive
MLS #9990558
Days on Market5
Taxes$1,246 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1884
Lot Size1.15 AC / 50,094 SF
CountyCocke County

Location

Listing Courtesy of Country Living Realty, Don Fabrikant (423.237.1046)
Add your commute

Building Information for 2480 Elk Way

Stories-Year Built1884Building Size-Lot Size1.15 AC / 50,094 SF

Payment Calculator

$1,999 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,895

Property Taxes

$104

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2480 Elk Way

Summary
Location and General Information
  • City: Newport
  • County: Cocke
  • Directions: From Newport US-321 towards Cosby turn left onto Old 32, continue to follow old 32. Turn left onto O'Neil Rd then turn left onto Elk Way. Stay on Elk way see sign. From Cosby take US-321 onto Old 32 then follow the remaining directions. Property is GPS friendly.
  • Latitude: 35.89
  • Longitude: -83.22
  • Postal Code: 37821
  • State Or Province: TN
  • Topography: Level, Rolling Slope
  • MLS Area Major: 208 - Cocke County
  • MLS Area Minor: 208 - Cocke County
  • General Property Description : Zoning: residential
Taxes and HOA Information
  • Tax Book Number: 1627
  • Tax Annual Amount: $1,246.00
  • Association: No
  • Parcel Number: 083 039.05
  • Association Fee: 0.0
  • General Property Description : Deed Book: 1627
  • General Property Description : Deed Page: 554
  • Location Tax Legal Info : City Taxes: $.00
  • Location Tax Legal Info : County Taxes: $1,245.70
School Information
  • High School: Cosby
  • Middle Or Junior School: Cosby
  • Elementary School: Cosby
Parking
  • Garage Spaces: 2.00
  • Attached Garage: No
Property
Lot Information
  • Lot Size Dimensions: 232x216x174x275
  • Lot Size Square Feet: 50,094.00
  • Lot Size Acres: 1.15
  • Lot Features: Irregular Lot, Level, Rolling Slope
  • Lot Size Area: 1.15
  • Lot Size Units: Acres
  • Living Area: 2,569.00
  • Building Area Total: 2,569.00
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet
  • General Property Description : Acres: 1.15
  • General Property Description : Above Grade SqFt: 2569.0
  • General Property Description : Total SqFt Unfinished: 0.0
  • SqFt Details : Finished SqFt Level: 2569
  • SqFt Details : Basement Total SqFt: 0
  • SqFt Details : Garage Total SqFt: 720
Property and Assessments
  • Property Condition: Average
  • Property Type: Residential,Single Family Residence
  • Year Built: 1884
  • Property Sub Type: Single Family Residence
  • Property Type Label: Residential
  • New Construction: No
  • Showing Instructions : Sign: Yes
Utilities
  • Utilities: Electricity Connected, Water Connected, Cable Connected
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • # Fireplaces: 1
  • Cooling: Ceiling Fan(s), Heat Pump
  • Fireplace Features: Living Room
  • Interior Features: Laminate Counters, Open Floorplan
  • Laundry Features: Electric Dryer Hookup
  • Bathrooms Total Decimal: 4.00
  • Basement: No
  • Flooring: Carpet, Tile
  • Rooms Total: 7
  • Bathrooms Total Integer: 4
  • Bathrooms Total Notational: 4.00
  • Cooling: Yes
  • Heating: Yes
  • Levels: One and One Half
  • Stories: 2
  • Fireplace: Yes
  • BedroomsTotal: 3
  • Bathrooms Full: 4
  • Appliances: Cooktop, Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Fireplace : Living Room: Yes
Exterior Features
  • Exterior Features: Windows - Vinyl
  • Construction Materials: Wood Siding
  • Fencing: Back Yard
  • Parking Features: Driveway, Garage Door Opener, Gravel
  • Patio And Porch Features: Rear Porch, Side Porch
  • Roof: Shingle
  • Window Features: Double Pane Windows
  • Heating : Heat Pump: Heat Pump
  • Senior Community: No
  • PoolPrivate: No
  • Walls : Drywall: Yes
  • Roof : Shingle: Yes

Property History for 2480 Elk Way

DateEvent & SourcePriceAppreciation
Jan 27, 2026

Listed (Active)

REALTRACS #3117059

$388,800—
Jan 27, 2026

Listed (Active)

KAARMLS #1327739

$388,800—
Jan 26, 2026

Listed (Active)

Tennessee Virginia Regional MLS #9990558

$388,800—
Jul 2, 2025

Withdrawn

Tennessee Virginia Regional MLS #9980434

$364,999—
May 19, 2025

Listed (Active)

Tennessee Virginia Regional MLS #9980434

$364,999—
Apr 29, 2025

Withdrawn

Tennessee Virginia Regional MLS #9975694

$385,000—
Feb 4, 2025

Listed (Active)

Tennessee Virginia Regional MLS #9975694

$385,000—
Jun 1, 2023

Closed (Public Record)

Public Record #1512345023

$15,630—
Jun 1, 2023

Closed (Public Record)

Public Record #1512345018

$574,370—
Sep 6, 2022

Expired

Tennessee Virginia Regional MLS #9936647

$579,900—
Sep 6, 2022

Expired

KAARMLS #1188213

—
Jul 26, 2022

Listed (Active)

Tennessee Virginia Regional MLS #9936647

$579,900—
Jul 26, 2022

Listed (Active)

KAARMLS #1188213

$579,900—
Jul 19, 2022

Contract - Showing

Tennessee Virginia Regional MLS #9936647

—
Jul 19, 2022

Contract - Not Showing

KAARMLS #1188213

—
Apr 20, 2022

Listed (Active)

KAARMLS #1188213

$579,900—
Apr 20, 2022

Listed (Active)

Tennessee Virginia Regional MLS #9936647

$579,900—
Sep 30, 2020

Expired

REALTRACS #2849330

$675,000—
Sep 30, 2020

Expired

KAARMLS #1091843

—
Jun 10, 2020

Price Change

KAARMLS #1091843

$675,000—
Aug 21, 2019

Listed (Active)

KAARMLS #1091843

$699,000—
May 16, 2012

Withdrawn

KAARMLS #783533

—
May 16, 2012

Withdrawn

KAARMLS #783545

—
Dec 20, 2011

Expired

KAARMLS #764198

—
Dec 20, 2011

Listed (Active)

KAARMLS #783545

$461,100—
Dec 20, 2011

Expired

KAARMLS #764175

—
Dec 20, 2011

Listed (Active)

KAARMLS #783533

$461,100—
Dec 13, 2011

Price Change

KAARMLS #764175

$461,100—
Dec 13, 2011

Price Change

KAARMLS #764198

$461,100—
Jun 20, 2011

Listed (Active)

KAARMLS #764175

$699,900—
Jun 20, 2011

Listed (Active)

KAARMLS #764198

$699,900—
DateEvent & SourcePrice
01/27/2026

Listed (Active)

REALTRACS #3117059

$388,800
01/27/2026

Listed (Active)

KAARMLS #1327739

$388,800
01/26/2026

Listed (Active)

Tennessee Virginia Regional MLS #9990558

$388,800
07/02/2025

Withdrawn

Tennessee Virginia Regional MLS #9980434

$364,999
05/19/2025

Listed (Active)

Tennessee Virginia Regional MLS #9980434

$364,999
04/29/2025

Withdrawn

Tennessee Virginia Regional MLS #9975694

$385,000
02/04/2025

Listed (Active)

Tennessee Virginia Regional MLS #9975694

$385,000
06/01/2023

Closed (Public Record)

Public Record #1512345023

$15,630
06/01/2023

Closed (Public Record)

Public Record #1512345018

$574,370
09/06/2022

Expired

Tennessee Virginia Regional MLS #9936647

$579,900
09/06/2022

Expired

KAARMLS #1188213

—
07/26/2022

Listed (Active)

Tennessee Virginia Regional MLS #9936647

$579,900
07/26/2022

Listed (Active)

KAARMLS #1188213

$579,900
07/19/2022

Contract - Showing

Tennessee Virginia Regional MLS #9936647

—
07/19/2022

Contract - Not Showing

KAARMLS #1188213

—
04/20/2022

Listed (Active)

KAARMLS #1188213

$579,900
04/20/2022

Listed (Active)

Tennessee Virginia Regional MLS #9936647

$579,900
09/30/2020

Expired

REALTRACS #2849330

$675,000
09/30/2020

Expired

KAARMLS #1091843

—
06/10/2020

Price Change

KAARMLS #1091843

$675,000
08/21/2019

Listed (Active)

KAARMLS #1091843

$699,000
05/16/2012

Withdrawn

KAARMLS #783533

—
05/16/2012

Withdrawn

KAARMLS #783545

—
12/20/2011

Expired

KAARMLS #764198

—
12/20/2011

Listed (Active)

KAARMLS #783545

$461,100
12/20/2011

Expired

KAARMLS #764175

—
12/20/2011

Listed (Active)

KAARMLS #783533

$461,100
12/13/2011

Price Change

KAARMLS #764175

$461,100
12/13/2011

Price Change

KAARMLS #764198

$461,100
06/20/2011

Listed (Active)

KAARMLS #764175

$699,900
06/20/2011

Listed (Active)

KAARMLS #764198

$699,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2480 Elk Way

Taxable ValueLand$2,800Additions-Total$2,800
Tax Record2024$72 ($6 / month)
Home Facts
Beds0Lot Size20,473 SqFtStyleResidentialCountyCOCKEAPN083 03908

Schools near 2480 Elk Way

This home is within Cocke County School District.
Rating
School
Type
Grades
Distance
Cosby Elementary School
Public - K to 8
Cosby High School
Public - 9 to 12
Rating
School
Distance
Cosby Elementary School
PublicK to 8

Cosby High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2480 Elk Way, Newport, TN 37821

2480 Elk Way is a single family home for sale in Newport, TN 37821. This property was listed for sale on January 26, 2026 by Country Living Realty, it's currently listed at $388,800. It has been on the market for a total of 5 days and was last sold on June 1, 2023. This listing's school district is Cocke County School District. Nearby schools include Cosby Elementary School and Cosby High School. 2480 Elk Way is a 3-bed, 4-bath, 2,569 sqft single family home built in 1884.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Country Living Realty, Don Fabrikant (423.237.1046)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 01/27/2026 04:32 PM