# 2482 Elk Way, Newport, TN 37821

> **TL;DR:** 3bd/5ba residential multi family, $379,999 ($107/sqft), built 2000, 3,561 sqft.
> A/C. Est. $1,647/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $379,999 |
| Price/sqft | $107 |
| Bedrooms | 3 |
| Bathrooms | 3 full, 3 half |
| Square Feet | 3,561 |
| Year Built | 2000 |
| Lot Size | 33,977 sqft (0.78 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 4 |

## Estimated Monthly Costs

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

## Nearby Schools

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

## Key Amenities

- A/C

## Property Highlights

- Built in 2000
- 0.78 acre lot
- 2 stories

## 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
- **Coordinates:** 35.890738, -83.217193
- **Google Maps:** https://www.google.com/maps?q=35.890738,-83.217193

## 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/8472dc5e29e8834e05a45c0301e0d4a5l-f3407861391r.jpg)

*76 total photos available on [listing page](https://www.propertysimple.com/listing/2482-elk-way-newport-tn-37821-n312190)*

---

**MLS#:** 312190 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Great Smoky Mountains Association of 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-n312190)

---

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