Newport, TN New Construction Multifamily Home for Sale

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$3,615,000 New Construction
- 20,352 Sq Ft
535 Old Knoxville Hwy, Newport, TN 37821

Prime Investment Opportunity: Modern 19 Unit Complex with High Growth PotentialPrime Investment Opportunity | New ConstructionCap Rate: 7.2%NOI: Solid and stable, with full occupancy across unitsThis is a recently completed new construction multifamily property featuring 19 units total, comprised of six triplexes, one single-family home, and two income-producing

Abé Baah Realty Executives Associates

535 Old Knoxville Hwy, Newport, TN 37821

Tennessee Newport

Home Trends in Newport, TN

On average, homes in Newport, TN sell after 39 days on the market compared to the national average of 51 days. The median sale price for homes in Newport, TN over the last 12 months is $273,500, up 22% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$273,500

Median Single Family Sale Price

$294,500

Median 2 Bedroom Sale Price

$165,000

Average Price Per Sq Ft

$197

Number of Homes for Sale

Last 12 months Home Sales

264

Months of Supply

3.30

Median List Price

$309,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

22%

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Newport Types of Homes for Sale

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Sevier County Homes for Sale

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