⚡ 2480 Elk Way, Newport, Tennessee 37821

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Sales Price: $388,800
3 Bedrooms, 4 Full Baths – Ranch


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.

Lot Dimensions: 232x216x174x275

Community: Cocke County, , Not In Subdivision Subdivision, Zoned RESIDENTIAL

Schools: Cosby Elementary, Cosby Middle, Cosby High

Interior Features:
Rooms with Fireplaces: Living RoomFlooring: Carpet, Tile Other Features: Laminate Counters, Open Floorplan

Exterior Features:
Porch, Patio, Decking Detail: Side Porch, Rear Porch Roof: Shingle Exterior Finish: Wood Siding Garage: 2

Apple Realty & Auction
1699 Blountville Blvd, Ste B, Blountville, TN 37620