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2480 Elk Way

Newport, TN 37821
  • $388,800
  • STATUS: Active
  • ON SITE: 84 Days
  • ID#: 309910
UPDATED: 64 min ago
$388,800
  • 3
    BEDS
  • 1.15
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,569
    SQFT
  • $151
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1984
County:
Area:

School Ratings & Info

Listing courtesy of Country Living Realty.


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.

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Copyright 2026 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2026-04-20T23:15:34.773.
www.smokylistings.com/homes/172474134
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2480 Elk Way Newport, TN 37821

  • Price: $388,800
  • Status: Active
  • On Site: 84 Days
  • Updated: 64 min ago
  • ID#: 309910
3
Beds
4
Baths
0
½ Baths
1.15
Acres
2,569
SQFT
$151
$/SQFT
1984
Built
Neighborhood:
None
County:
Cocke
Area:
Cocke County
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.
Exterior Features

Architectural Style Ranch Attached Garage YN Yes Construction Materials Wood Siding Exterior Features Rain Gutters Fencing Chain Link Foundation Details [] Garage YN Yes Lot Features Front YardIrregular LotLevelCountry Setting Parking Features DrivewayGarageGarage Door OpenerGravel Patio And Porch Features Deck Pool Features [] Road Frontage Type [] Road Surface Type Gravel Roof Tar/Gravel View Mountain(s) View YN Yes Waterfront Features []

Interior Features

Above Grade Finished Area 2569 Appliances DishwasherDryerElectric CooktopElectric RangeElectric Water HeaterRefrigeratorWasher Basement None Below Grade Finished Area 0 Cooling Heat Pump Cooling YN Yes Fireplace Features Wood Burning Fireplace YN Yes Fireplaces Total 1 Flooring CarpetTile Heating Heat Pump Heating YN Yes Interior Features Ceiling Fan(s)Eat-in KitchenFormal DiningHigh Speed InternetKitchen IslandLaminate CountersWalk-In Shower(s) Laundry Features Electric Dryer HookupIn GarageWasher Hookup Levels One and One Half Window Features Double Pane Windows

Property Features

Association Amenities [] Association Fee Includes [] Association YN No Body Type [] Community Features [] Construction Type Site Built Current Use InvestmentRanchResidential Listing Terms CashConventionalFHA New Construction YN No Occupancy Either Occupant Type Tenant Other Equipment [] Other Structures [] Pets Allowed Yes Possession Close Of Escrow Property Condition [] Property Sub Type Single Family Residence Restrictive Covenants YN No Rooms Total 0 Security Features [] Sewer Septic Tank Special Listing Conditions [] Tax Annual Amount 1245.7 Tax Year 2025 Utilities Cable ConnectedElectricity ConnectedWater Connected Water Source Public Zoning Residential Zoning Entity Cocke

Copyright 2026 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Country Living Realty | Office Phone: 423-430-9012 .

Copyright 2026 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2026-04-20T23:15:34.773.
 
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Colonial Real Estate
1380 Dolly Parton Parkway
Sevierville TN, 37862
Listing courtesy of Country Living Realty.