$388,800
2480 Elk Way
Newport, TN 37821
MLS# 9990558
3 beds  |  4 baths  |  2569 sqft


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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.

Details
Maps
Location, Tax & Legal Info
City Taxes: 0
County Taxes: 1245.7
Contract Info
List Price/SqFt: 151.34
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 388800
Current Price: $388,800
Listing Date: 2026-01-25
General Property Description
Lot Dimensions: 232x216x174x275
Acres: 1.15
Lot #: 13R
Zoning: residential
Deed Book #: 1627
Deed Page #: 554
Elementary School: Cosby
Middle School: Cosby
Parcel ID: 083 039.05
High School: Cosby
Home Warranty: No
HOA Y/N: No
Baths - Full: 4
Total SqFt Finished: 2569
Total SqFt Unfinished: 0
Total Rooms: 7
Above Grade SqFt: 2569
Property Sub-Type: Single Family Residence
# Bedrooms: 3
Total Baths: 4
Year Built: 1884
Total SqFt: 2569
Remarks & Misc
Public Remarks: 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.
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.
Property Condition
Average: 1
SqFt Details
Finished SqFt Level 1: 2569
Garage Attached SqFt: 720
Garage Total SqFt: 720
Exterior Finish
Wood Siding: 1
Style
Ranch: 1
Roof
Shingle: 1
Levels
One and One Half: 1
Window Features
Double Pane Windows: 1
Interior Features
Laminate Counters: 1
Open Floorplan: 1
View
Mountain(s): 1
Heating
Heat Pump: 1
Fencing
Back Yard: 1
AC
Ceiling Fan(s): 1
Heat Pump: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Septic Tank: 1
Appliances
Cooktop: 1
Dishwasher: 1
Dryer: 1
Electric Range: 1
Refrigerator: 1
Washer: 1
Topography/Lot Description
Level: 1
Rolling Slope: 1
Fireplace
Living Room: 1
Laundry Features
Electric Dryer Hookup: 1
Flooring
Carpet: 1
Tile: 1
Easements
Other: 1
Financing
Cash: 1
Conventional: 1
FHA: 1
Parking Features
Driveway: 1
Garage Door Opener: 1
Gravel: 1
Garage
Garage Spaces: 2
Porch/Patio/Deck
Rear Porch: 1
Side Porch: 1
Walls
Drywall: 1
Paneling: 1
Structure Type
House: 1
Location Tax Legal Info
Street #: 2480
Street Name: Elk
St Suffix: Way
County: Cocke
State/Province: TN
Zip Code: 37821
Area: 208 - Cocke County
Subdivision: Not In Subdivision
Property Features
Property Condition: Average
Style: Ranch
Levels: One and One Half
Exterior Finish: Wood Siding
Window Features: Double Pane Windows
Interior Features: Laminate Counters; Open Floorplan
Fencing: Back Yard
Appliances: Cooktop; Dishwasher; Dryer; Electric Range; Refrigerator; Washer
Laundry Features: Electric Dryer Hookup
Flooring: Carpet; Tile
Roof: Shingle
Parking Features: Driveway; Garage Door Opener; Gravel
View: Mountain(s)
Heating: Heat Pump
AC: Ceiling Fan(s); Heat Pump
Water: Public
Sewer: Septic Tank
Fireplace: Living Room
Walls: Drywall; Paneling
Easements: Other
Financing: Cash; Conventional; FHA
Structure Type: House
Utilities: Cable Connected; Electricity Connected; Water Connected

Listing Office: Country Living Realty

Last Updated: January - 26 - 2026

Information deemed reliable but not guaranteed.


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