$749,999
$25K PRICE INCREASE

2482 Elk Way Newport, TN 37821

Estimated payment $4,264/month

Total Views 6,879
6 Beds
7 Baths
5,758 Sq Ft
$130 Price per Sq Ft

Highlights

  • 1.93 Acre Lot
  • Traditional Architecture
  • Carpet
  • Mountain View
  • Wood Siding
  • Heating Available

About This Home

Incredible investment opportunity with panoramic Smoky Mountain views! This unique property offers multiple income streams and nearly 2 acres of land. Included is a spacious 3-bedroom, 4-bath main home plus a fully-rented tri-plex with three 1-bedroom units ? each offering 1,136 sq. ft. of living space. Projected rental income for all four units totals approximately $5,500 per month. The main home, built in 1984, offers approximately 2,350 sq. ft., a fenced yard perfect for pets, a brand-new back deck, and a new roof. It also features a 2-car attached garage and plenty of outdoor space for entertaining or relaxing with guests. Each townhome in the tri-plex has been updated with a new HVAC system and new roof. All four units are separately metered for water and electricity, making management simple. Whether you choose to live in the main house and manage the rentals next door, or rent them all out, this property offers flexibility and strong cash flow in a high-demand area..*********************************************************************************** Contact us today to get more information about this exclusive offer! Our properties include a 12-month limited home warranty ($660) value, $2,500 lender credit for qualifying buyers using our preferred lender, Free appraisal for qualifying buyers using our preferred lender, $300 title attorney credit, and $100 home inspection credit with our preferred vendor for our VIP buyers.

Listing Agent

Tannor Giles

Your Home Sold Guaranteed Realty TN Listed on: 05/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,139

Year Built

  • Built in 1984

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Frame Construction
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 5,758 Sq Ft Home
  • Mountain Views

Kitchen

  • Oven
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Full Bathrooms

Additional Features

  • 1.93 Acre Lot
  • Heating Available

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,139

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Directions To Property: Continue on US-321. Drive to Elk Way 8 min (5.0 mi) Merge onto US-321 ? 203 ft Continue straight to stay on US-321 ? Pass by Wendy's (on the right in 0.3 mi) ? 4.1 mi Turn left onto Early Rd/Old Hwy 32 ? Continue to follow Old Hwy 32 ? 0.6 mi Turn left onto O'Neil Rd ? 0.2 mi Turn left onto Elk Way ? Destination will be on the left
  • FloorCarpet: Yes
  • FloorVinyl: Yes
  • HamletID: 0
  • HeatFuelElectric: Yes
  • InteriorAmps: 0
  • LandFrontageInFeet: 0
  • LandRentAmount: 0
  • LastPriceValue: 724999
  • Lot Size Acres: 1.93
  • Number Of Stories: 0
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Newport
  • Prop. Type: Multi-Unit
  • PropertyZipCode: 37821
  • PropertyZoneType: 0
  • Renovation Year: 0
  • ResidentialStyle: Traditional
  • SForSaleAndRForRental: S
  • SidingVinyl: Yes
  • SidingWood: Yes
  • USStateAbbreviation: TN
  • ViewMountain: Yes
  • WaterSourceType: Municipal
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • ApplianceDishwasher: Yes
  • ApplianceOven: Yes
  • ApplianceRefrigerator: Yes
  • BasementAreaSquareFootage: 0
  • Fireplaces: 0
  • Number of Rooms: 9
  • AboveArea Sq Ft: 5758

Exterior Features

  • Construction Type: Frame

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 2

Utilities

  • Sewer Type: Municipal
  • Utilities: 0

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 6
  • Total Taxes: 2139

Tax Info

  • Tax Year: 2024

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $2,003 $78,240 $0 $78,240
2022 $2,007 $78,240 $0 $78,240
2021 $2,007 $78,240 $0 $78,240
2020 $1,730 $78,240 $0 $78,240
2019 $1,730 $61,120 $0 $61,120
2018 $1,730 $61,120 $0 $61,120
2017 $1,772 $61,120 $0 $61,120
2016 $1,581 $61,120 $0 $61,120
2015 $1,596 $61,120 $0 $61,120
2014 $1,596 $61,120 $0 $61,120
2013 $1,596 $66,520 $0 $66,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Price Changed $749,999 +3.4% $130 / Sq Ft
05/12/2025 05/12/25 For Sale $724,999 -- $126 / Sq Ft
Source: My State MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $200,010 Credit Line Revolving
Source: Public Records

Source: My State MLS

MLS Number: 11494851

APN: 015083 03905 001

Tennessee Cocke County Newport 37821

2482 Elk Way, Newport, TN

This home is located at 2482 Elk Way, Newport, TN 37821 and is currently priced at $749,999, approximately $130 per square foot. This property was built in 1984. 2482 Elk Way is a home located in Cocke County with nearby schools including Cosby Elementary School and Cosby High School.

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Tannor Giles
Listing Agent
Tannor Giles
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Your Home Sold Guaranteed Realty TN
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