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Listed price in listed location currency (USD).
$388,800

340

MLS® 710240

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2569 sqft
Garage Yes
Taxes $1,246
Days Active 36
Lot Size 1.15 acres
Approx. Age 1984
Avg. Price Per Sqft $151
MLS® Number 710240

Property Address: 2480 Elk Way, Newport, TN, 37821-6700

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number710240
Laundry LevelIn Garage, Main Level
Central VacNo
FireplaceNo
Acreage1.15
Exterior
GarageYes
Approx. Age1984
Basement
DrivewayAsphalt
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Refrigerator, Range, Cooktop, Dishwasher

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 25, 2026List Date
$388,800List Price
  • Commute

Commute

Starting Address
Destination Address
2480 Elk Way, Newport, TN

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