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David Gorley
REALTOR®
(423) 292-8576
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2480 Elk Way, Newport, TN 37821

$388,800
  • 2480 Elk Way, Newport, TN 37821 Main Photo

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Active
BEDS3 BATHS4 full SQUARE FEET2,569 MLS#9990558
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONNot In Subdivision NEIGHBORHOOD208 - Cocke County

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.

2480 Elk Way | MLS# 9990558

This single family home located at 2480 Elk Way, Newport, TN 37821 is currently listed for sale with an asking price of $388,800. This property was built in 1884 and has 3 bedrooms and 4 full baths with 2569 sq. ft. Elk Way is located in the Not In Subdivision subdivision. Search Not In Subdivision real estate on davidgorley.crye-leike.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Ceiling Fan(s), Heat Pump
Garage: 2
Heating: Heat Pump
Home Style: Ranch
Lot Size: 1.15 Acres
Roof Type: Shingle
Stories: 1.5
Year Built: 1884

Feature Descriptions

Appliances: Cooktop, Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Days on Site: 113
Exterior: Wood Siding
Fencing: Back Yard
Fireplace: Living Room
Flooring: Carpet, Tile
Interior: Laminate Counters, Open Floorplan
Laundry: Electric Dryer Hookup
Lot Dimensions: 232x216x174x275
Parcel Id: 083 039.05
Parking: Driveway, Garage Door Opener, Gravel
Rooms Total: 7
Sewer: Septic Tank
Special View Info: Mountain(s)
Topography: Level, Rolling Slope
Utilities: Electricity Connected, Water Connected, Cable Connected
Water: Public
Windows: Double Pane Windows
Zoning: residential

Local Schools

High School: Cosby
Middle School: Cosby
Elementary School: Cosby

Listed By / Shown By

Listed By

Agency Name: Country Living Realty
Agency Phone: 423-430-9012

Shown By

Agent Name: David Gorley
Agent Phone: (423) 292-8576
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: Tennesse Virginia MLS

Estimate Your Payment

Estimated Payment

$ 978.70 per month $865.30 Principal & Interest $0.00 Property Tax (data not provided by mls) $113.40 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/20/2026. The listing information on this page last changed on 05/20/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 05/20/2026 12:28:56 PM EST) or GAMLS (last updated Wed 05/20/2026 12:26:08 PM EST) or CARMLS (last updated Wed 05/20/2026 12:25:23 PM EST) or RCAR MLS (last updated Wed 05/20/2026 12:27:16 PM EST) or MAAR MLS (last updated Wed 05/20/2026 12:24:39 PM EST) or FMLS (last updated Wed 05/20/2026 12:24:53 PM EST) or East Tennessee REALTORS (last updated Wed 05/20/2026 12:25:07 PM EST) or RealTracs (last updated Wed 05/20/2026 12:25:50 PM EST) or Arkansas CARMLS (last updated Wed 05/20/2026 12:27:21 PM EST) or GSMAR MLS (last updated Wed 05/20/2026 11:15:01 AM EST) or Baldwin County MLS (last updated Wed 05/20/2026 12:21:31 PM EST) or Tennesse Virginia MLS (last updated Wed 05/20/2026 11:48:07 AM EST) or Emerald Coast MLS (last updated Wed 05/20/2026 12:25:45 PM EST) or Northeast Oklahoma Real Estate (last updated Wed 05/20/2026 11:24:00 AM EST) or Southern Kentucky MLS (last updated Wed 05/20/2026 11:55:04 AM EST) or SOMO MLS (last updated Wed 05/20/2026 12:01:20 PM EST) or North Georgia MLS (last updated Wed 05/20/2026 10:49:11 AM EST) or Golden Triangle MLS (last updated Wed 05/20/2026 12:22:40 PM EST) or MLS United (last updated Wed 05/20/2026 12:26:51 PM EST) or Lakeway MLS (last updated Wed 05/20/2026 12:22:08 PM EST) or Batesville MLS (last updated Wed 05/20/2026 12:00:21 PM EST) or North Central Mississippi MLS (last updated Wed 05/20/2026 11:32:37 AM EST) or Hot Springs MLS (last updated Wed 05/20/2026 8:28:49 AM EST) or Huntsville/Valley MLS (last updated Wed 05/20/2026 10:58:27 AM EST) or Shoals MLS (last updated Wed 05/20/2026 8:32:21 AM EST) or Tupelo MLS (last updated Wed 05/20/2026 11:43:41 AM EST) or NEAKBOR MLS (last updated Wed 05/20/2026 11:12:00 AM EST) or EAKBOR MLS (last updated Wed 05/20/2026 12:23:04 PM EST) or CWTAR MLS (last updated Wed 05/20/2026 12:14:41 PM EST) or NWAKBOR MLS (last updated Wed 05/20/2026 12:19:21 PM EST) or Upper Cumberland MLS (last updated Wed 05/20/2026 11:59:43 AM EST) or Hattiesburg MLS (last updated Wed 05/20/2026 10:59:50 AM EST) or Puerto Rico MLS (last updated Wed 05/20/2026 12:25:24 PM EST). Real estate listings held by brokerage firms other than Crye-Leike Real Estate Services may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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