Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 3-bedroom, 5-bathroom single family at 2482 Elk Way in Newport, TN is listed for $379,999. Built in 2000, on a 0.78 acres lot.
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.
Key Features
- Built in 2000
- 0.78 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$2,032/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2482 Elk Way
Newport, TN 37821
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 5-bathroom single family at 2482 Elk Way is listed at $379,999. The estimated monthly payment is $1,647 based on 20% down at 6.5% interest.
Key features include: Built in 2000, 0.78 acre lot, 2 stories. Interior Features: Eat-in Kitchen, High Speed Internet. Exterior Features: Awning(s), Rain Gutters.
This property is listed by Donald Fabrikant and can be reached at 4232371046 or donfabs@outlook.com.
