# 2482 Elk Way, Newport, TN 37821

> **TL;DR:** 3bd/0ba residential multi family, $379,999 ($106/sqft), built 2000, 3,586 sqft.
> A/C. Est. $1,647/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $379,999 |
| Price/sqft | $106 |
| Bedrooms | 3 |
| Square Feet | 3,586 |
| Year Built | 2000 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,647 |
| **Total** | **$1,647** |

## Nearby Schools

- **Elementary:** Cosby
- **Middle:** Cosby
- **High:** Cosby

## Key Amenities

- A/C

## Property Highlights

- Built in 2000

## Description

### Agent 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 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.

## Location

- **Address:** 2482 Elk Way, Newport, TN 37821
- **County:** Cocke County - 39
- **Coordinates:** 35.89074, -83.217205
- **Google Maps:** https://www.google.com/maps?q=35.89074,-83.217205

## Listing Agent

- **Name:** Donald Fabrikant
- **Brokerage:** Country Living Realty
- **Phone:** 4234309012
- **Email:** donfabs@outlook.com

## Primary Photo

![2482 Elk Way - Primary Photo](http://lh.rdcpix.com/4f0b36c48f5d9f78b7e45d58e4c27b0dl-f1351025048r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/2482-elk-way-newport-tn-37821-1343928)*

---

**MLS#:** 1343928 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2482-elk-way-newport-tn-37821-1343928)

---

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