2480 Elk Way, Newport, TN 37821
$388,800
Property Type:
Single Family
Bedrooms:
3
Square Footage:
2,569
Lot Size (sq. ft.):
50,094
Status:
Active
Current Price:
$388,800
List Date:
1/27/2026
Last Modified:
4/30/2026
Listing Details MLS# 1327739
Location Tax Legal Info
- House #
- 2480
- Street Name
- Elk
- St Suffix
- Way
- State/Province
- TN
- Zip Code
- 37821
- PIN #
- 083 039.05 083 03908
Contract Info
- Auction Y/N
- No
- Listing Price
- 388800
General Property Description
- Type
- 1 1/2 Story
- Lot Dimensions
- 232x216x174x275
- Acres
- 1.15
- Acre Source
- Survey
- Site Built
- Yes
- Restrictions
- No
- SqFt - Total (Aprox)
- 2569
- SqFt - Main Lvl
- 2569
- # Bedrooms
- 3
- Baths - Full
- 4
- # of Rooms
- 7
- Fireplace
- Yes
- # Fireplace
- Yes
- Property Status
- N/A
- HOA
- No
- Year Built
- 1984
- Bonus Room
- No
- SqFt - Down Lvl
- 0
- SqFt - 2nd Flr Lvl
- 0
- SqFt - 3rd Flr Lvl
- 0
- Basement
- No
Status Change Info
- Status Change Date
- 2026-01-27
Location, Tax & Legal Info
- Area
- Cocke County - 39
- Property Sub-Type
- Residential
- City/County Code
- County
- Elementary School
- Cosby
- Total Tax
- 1245.7
- High School
- Cosby
Remarks & Misc
- Directions
- 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.
- Public Remarks
- 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.
More Information
Fencing
- Chain
- Yes
Atchd/Dtchd Type
- Detached
- Yes
Style
- Other
- Yes
Construction
- Frame
- Yes
Siding
- Wood
- Yes
Fireplace
- Wood Burning
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Cooling
- Yes
Floors
- Carpet
- Yes
- Tile
- Yes
Garage/Parking
- Garage Spaces
- 2
- Garage Door Opener
- Yes
- Main Level
- Yes
Basement
- None
- Yes
Lot Description
- Irregular Lot
- Yes
- Level
- Yes
- Rolling Slope
- Yes
Fuel
- Electric
- Yes
View
- Mountain View
- Yes
Heat
- Heat Pump
- Yes
Dining Area
- Eat-in Kitchen
- Yes
- Formal Dining Area
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Washer
- Yes
- Other
- Yes
Exterior Features
- Deck
- Yes
- Porch - Covered
- Yes
- Windows - Vinyl
- Yes
Misc Features
- Cathedral Ceiling(s)
- Yes
- Internet Available
- Yes
- Kitchen Island
- Yes
- Walk-in Shower
- Yes
- Washer/Dryer Connect
- Yes
Sewer
- Septic Tank
- Yes
Water
- Public
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
Property Features
Style:
Other
Construction:
Frame
Siding:
Wood
Basement:
None
Lot Description:
Irregular Lot; Level; Rolling Slope
View:
Mountain View
Fireplace:
Wood Burning
Floors:
Carpet; Tile
Fuel:
Electric
Heat:
Heat Pump
Cooling:
Ceiling Fan(s); Central Cooling
Appliances:
Dishwasher; Dryer; Range; Refrigerator; Washer; Other
Sewer:
Septic Tank
Water:
Public
Misc Features:
Cathedral Ceiling(s); Internet Available; Kitchen Island; Walk-in Shower; Washer/Dryer Connect
Exterior Features:
Deck; Porch - Covered; Windows - Vinyl
Fencing:
Chain
Dining Area:
Eat-in Kitchen; Formal Dining Area
New Financing:
Cash; Conventional; FHA
IDX
Listing Office:
Country Living Realty
Last Updated: April - 30 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved.
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