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Debby Gibson Real Estate Co.

contactus@debbygibson.com +1(423) 833-7492

$ 388,800

Est. payment -/mo

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2480 Elk WAY Newport, TN 37821

3 Beds

4 Baths

2,569 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,569 sqft

Price per Sqft $151

Subdivision Not In Subdivision

MLS Listing ID 9990558

Style Ranch

Bedrooms 3

Full Baths 4

HOA Y/N No

Total Fin. Sqft 2569

Year Built 1884

Lot Size 1.150 Acres

Acres 1.15

Lot Dimensions 232x216x174x275

Property Sub-Type Single Family Residence

Source Tennessee/Virginia Regional MLS

Property Description

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.

Location

State TN

County Cocke

Community Not In Subdivision

Area 1.15

Zoning residential

Direction From Newport US-321 towards Cosby turn left onto Old 32, continue to follow old 32. Turn left onto O'Neil Rd then turn left onto Elk Way. Stay on Elk way see sign. From Cosby take US-321 onto Old 32 then follow the remaining directions. Property is GPS friendly.

Interior

Interior Features Laminate Counters, Open Floorplan

Heating Heat Pump

Cooling Ceiling Fan(s), Heat Pump

Flooring Carpet, Tile

Fireplaces Type Living Room

Fireplace Yes

Window Features Double Pane Windows

Appliance Cooktop, Dishwasher, Dryer, Electric Range, Refrigerator, Washer

Heat Source Heat Pump

Laundry Electric Dryer Hookup

Exterior

Parking Features Driveway, Garage Door Opener, Gravel

Garage Spaces 2.0

Utilities Available Electricity Connected, Water Connected, Cable Connected

View Mountain(s)

Roof Type Shingle

Topography Level, Rolling Slope

Porch Rear Porch, Side Porch

Total Parking Spaces 2

Building

Entry Level One and One Half

Sewer Septic Tank

Water Public

Architectural Style Ranch

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Cosby

Middle Schools Cosby

High Schools Cosby

Others

Senior Community No

Tax ID 083 039.05

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Listed by Don Fabrikant • Country Living Realty

Debby Gibson Real Estate Co.

+1(423) 833-7492

Debby Gibson Real Estate Co.

2480 Elk WAY Newport, TN 37821

Key Details

Location

Interior

Exterior

Building

Schools

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2480 Elk WAY