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2480 Elk Way, 
Newport, TN 37821

$388,800


3

Beds


4

Baths


2,569

Sq Ft


Single Family

Active

Listed by

Don Fabrikant

Country Living Realty

423-430-9012

Last updated:

February 11, 2026, 04:18 PM

MLS#

9990558

Source:

TNVA MLS

About This Home

2480 Elk Way

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.

Home Facts

Single Family

4 Baths

3 Bedrooms

Built in 1884

Price Summary

388,800

$151 per Sq. Ft.

MLS #:

9990558

Last Updated:

February 11, 2026, 04:18 PM

Added:

25 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,569 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

2,569 Sq. Ft.

Year Built:

1884


Lot

Lot Size (Sq. Ft):

50,093


Finances & Disclosures

Finances

Price:

$388,800

Price per Sq. Ft:

$151 per Sq. Ft.

Source:TNVA MLS
The information being provided by Tennessee Virginia Regional Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Tennessee Virginia Regional Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.