# 2482 Elk Way, Newport, TN 37821

> **TL;DR:** 6bd/0ba residential multi family, $748,800 ($122/sqft), built 2000, 6,133 sqft.
> A/C. Est. $3,245/mo. Listed 75 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $748,800 |
| Price/sqft | $122 |
| Bedrooms | 6 |
| Square Feet | 6,133 |
| Year Built | 2000 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 75 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,245 |
| **Total** | **$3,245** |

## Nearby Schools

- **Elementary:** Cosby
- **Middle:** Cosby
- **High:** Cosby

## Key Amenities

- A/C

## Property Highlights

- Built in 2000

## Description

### Agent Description
Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex + Single-Family Home with Mountain Views both front and rear. Total lease for the four units combined $5,900 monthly Income. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex and a separate single-family residence also leased, 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 on both the Tri-Plex and house and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Next door, the 3-bedroom, 4-bath single-family home adds another income stream or provides an excellent owner-occupant option. The home is 2,569 sq ft with a two-car garage and features a newly built deck, and a partially fenced yard. Additional value comes from the open frontage land and a total of 1.93 acres offering future development or expansion potential (subject to zoning), making this a compelling value-add opportunity. Whether you're looking to expand a rental portfolio, capitalize on short-term rental demand near the Smokies, or have a single-family residence while generating multiple income streams, 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.

## Location

- **Address:** 2482 Elk Way, Newport, TN 37821
- **County:** Cocke County - 39
- **Coordinates:** 35.890615, -83.216905
- **Google Maps:** https://www.google.com/maps?q=35.890615,-83.216905

## Listing Agent

- **Name:** Donald Fabrikant
- **Brokerage:** Country Living Realty
- **Phone:** 4232371046
- **Email:** donfabs@outlook.com

## Primary Photo

![2482 Elk Way - Primary Photo](http://lh.rdcpix.com/37043f1b3db5d87be4d6d5fe18ce92c8l-f2945268648r.jpg)

*60 total photos available on [listing page](https://www.propertysimple.com/listing/2482-elk-way-newport-tn-37821-1327667)*

---

**MLS#:** 1327667 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2482-elk-way-newport-tn-37821-1327667)

---

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