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Pamella Haynes

[email protected] +1(865) 355-0955

$ 388,800

Est. payment -/mo

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Pending

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 Pending

Purchase Type For Sale

Square Footage 2,569 sqft

Price per Sqft $151

MLS Listing ID 1327739

Style Other

Bedrooms 3

Full Baths 4

Year Built 1984

Lot Size 1.150 Acres

Acres 1.15

Lot Dimensions 232x216x174x275

Property Sub-Type Single Family Residence

Source East Tennessee REALTORS® 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 County - 39

Area 1.15

Rooms

Basement None

Dining Room Eat-in Kitchen, Formal Dining Area

Interior

Interior Features Cathedral Ceiling(s), Kitchen Island, Eat-in Kitchen

Heating Heat Pump, Electric

Cooling Central Cooling, Ceiling Fan(s)

Flooring Carpet, Tile

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace Yes

Appliance Dishwasher, Dryer, Range, Refrigerator, Washer, Other

Heat Source Heat Pump, Electric

Exterior

Exterior Feature Windows - Vinyl

Parking Features Garage Door Opener, Main Level

Garage Spaces 2.0

Garage Description Garage Door Opener, Main Level

View Mountain View

Total Parking Spaces 2

Garage Yes

Building

Lot Description Irregular Lot, Level, Rolling Slope

Faces 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.

Sewer Septic Tank

Water Public

Architectural Style Other

Structure Type Wood Siding,Frame

Schools

Elementary Schools Cosby

High Schools Cosby

Others

Restrictions No

Tax ID 083 039.05 083 03908

Energy Description Electric

Acceptable Financing FHA, Cash, Conventional

Listing Terms FHA, Cash, Conventional

Listed by Country Living Realty

NEARBY SCHOOLS & PROPERTIES

Pamella Haynes

Broker Associate | License ID: 337966

+1(865) 355-0955

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Knoxville, TN

Pamella Haynes

2480 Elk WAY Newport, TN 37821

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2480 Elk WAY