2482 Elk Way

Newport, TN 37821

$379,999
Price
3
Beds
3,561 Sq. Ft.
$107 / Sq. Ft.
3,561
Sq. Ft.
$107
per Sq. Ft.
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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...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.
  1. Listed by Don Fabrikant • Country Living Realty

Property Details for 2482 Elk Way

Architectural Style
Ranch
View
Mountain(s)
Waterfront
No
Zoning
Residential
LISTING UPDATED: 06/08/2026 04:43 PM

Property Details for 2482 Elk Way

StatusActive
MLS #9996552
Days on Market9
Taxes$2,154 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built2000
Lot Size0.78 AC / 33,976 SF
CountyCocke County
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Location

Listing Courtesy of Country Living Realty, Don Fabrikant (423.237.1046)
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Building Information for 2482 Elk Way

Stories2Residences3Year Built2000Building Size-Lot Size0.78 AC / 33,976 SF

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$2,073 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,894

Property Taxes

$180

HOA Dues

$0

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Property Information for 2482 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
  • MLS Area Major: 208 - Cocke County
  • MLS Area Minor: 208 - Cocke County
  • General Property Description : Zoning: Residential
Taxes and HOA Information
  • Tax Annual Amount: $2,154.00
  • Association: No
  • Parcel Number: 083 039.09
  • Association Fee: 0.0
  • Location Tax Legal Info : Deed Book: 1627
  • Location Tax Legal Info : Deed Page: 554
  • Location Tax Legal Info : City Taxes: $.00
  • Location Tax Legal Info : County Taxes: $2,154.00
  • Location Tax Legal Info : Block: 13R
School Information
  • High School: Cosby
  • Middle Or Junior School: None
  • Elementary School: Cosby
Parking
  • Attached Garage: No
Property
Lot Information
  • Lot Size Dimensions: 137x275x115x281
  • Lot Size Square Feet: 33,976.80
  • Lot Size Acres: 0.78
  • Lot Size Area: .78
  • Lot Size Units: Acres
  • Building Area Total: 3,561.00
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet
  • General Property Description : Acres: .78
Property and Assessments
  • Property Condition: Average
  • Property Type: Multi Family
  • Year Built: 2000
  • Property Sub Type: Multi Family
  • Property Type Label: Multi Family
  • 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
  • Cooling: Ceiling Fan(s), Central Air, Heat Pump
  • Foundation Details: Slab
  • Interior Features: Eat-in Kitchen, Laminate Counters, Open Floorplan
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Bathrooms Total Decimal: .00
  • Flooring: Tile, Carpet
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • Levels: Two
  • Stories: 2
  • General Property Description : Stories: 2
  • Appliances: Cooktop, Dishwasher, Dryer, Electric Range, Range, Refrigerator, Washer
Exterior Features
  • Exterior Features: Windows - Vinyl
  • Construction Materials: Vinyl Siding, Wood Siding
  • Parking Features: Unpaved, Gravel
  • Patio And Porch Features: Covered, Rear Porch
  • Roof: Shingle
  • Window Features: Double Pane Windows
  • Heating : Heat Pump: Central, Heat Pump
  • Senior Community: No
  • PoolPrivate: No
  • Walls : Drywall: Yes
  • Roof : Shingle: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • General Property Description : # of Units: 3.00
  • General Property Description : Total Units: 3.00
Income & Expenses Information
  • Income and Expenses : Gross Annual Income: 5900
  • Operating Expense Includes: Lawn Maint, Taxes Real Estate, Waste
Unit 1
  • Unit 1 : # Units: 1
  • Unit 1 : # Half Baths: 1.0
  • Unit 1 : # Half Baths: 1.0
  • Unit 1 : # Bathrooms: 1.0
  • Unit 1 : # Bedrooms: 1
  • Unit 1 : # Rooms: 4
  • Unit 1 : SqFt: 1187
  • Unit 1 : Monthly Rent: 1040
Unit 2
  • Unit 2 : # Units: 1
  • Unit 2 : # Rooms: 4
  • Unit 2 : # Bedrooms: 1
  • Unit 2 : # Bathrooms: 1.00
  • Unit 2 : SqFt: 1187
  • Unit 2 : Monthly Rent: 1040
Unit 3
  • Unit 3 : # Units: 1
  • Unit 3 : # Rooms: 4
  • Unit 3 : # Bedrooms: 1
  • Unit 3 : # Bathrooms: 1.0
  • Unit 3 : Half Baths: 1.0
  • Unit 3 : SqFt: 1187
  • Unit 3 : Monthly Rent: 1000
Rental
Rent Information
  • Rent Includes: Other, Trash Collection

Property History for 2482 Elk Way

DateEvent & SourcePriceAppreciation
Jun 8, 2026

Withdrawn

REALTRACS #3116170

$748,800—
Jun 8, 2026

Listed (Active)

REALTRACS #3232634

$379,999—
Jun 8, 2026

Withdrawn

Tennessee Virginia Regional MLS #9990572

$748,800—
DateEvent & SourcePrice
06/08/2026

Withdrawn

REALTRACS #3116170

$748,800
06/08/2026

Listed (Active)

REALTRACS #3232634

$379,999
06/08/2026

Withdrawn

Tennessee Virginia Regional MLS #9990572

$748,800

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

Public Records for 2482 Elk Way

Taxable ValueLand$7,480Additions$136,200Total$143,680
Tax Record2025$2,154 ($180 / month)
Home Facts
Total Finished SqFt3,408 SqFtAbove Grade Finished SqFt3,408 SqFtStories2Lot Size33,977 SqFtStyleDuplexYear Built2000CountyCOCKEAPN083 03909

Schools near 2482 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 2482 Elk Way, Newport, TN 37821

2482 Elk Way is a multi-family home for sale in Newport, TN 37821. This property was listed for sale on June 8, 2026 by Country Living Realty, it's currently listed at $379,999. It has been on the market for a total of 9 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. 2482 Elk Way is a 3-bed, 0-bath, 3,561 sqft multi-family home built in 2000.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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: 06/08/2026 04:43 PM