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Pending
    • Price cut: $368.8K (6/5)
    $379,999

    2482 Elk Way, Newport, TN 37821

    3beds
    --sqft
    : 
    $2,338/mo
    Get pre-qualified
    Triplex, Multi Family
    Built in 2000
    -- sqft lot
    $357,900 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex with Mountain Views both front and rear. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex ideally located near medical facilities, shopping, and dining. The tri-plex offers three 1-bedroom, 1.5-bath units (1,187 SF each), all currently producing income and well suited for either long-term or short-term rental strategies. Recent capital improvements include a brand-new roof and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Additional value comes from the open frontage land and a total of 0.78 of an acre Whether you're looking to expand a rental portfolio, capitalize on short-term rental demand near the Smokies, this property delivers: Immediate cash flow Multiple rental strategies, major system upgrades already completed desirable location Long-term appreciation potential A true turnkey investment with flexibility. This property is 53 minutes to Knoxville, 48 minutes to Pigeon Forge or Gatlinburg and only 45 minutes to Hot springs NC.
    45 days
    |
    193
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Donald Fabrikant 423-237-1046,

    Country Living Realty 423-430-9012

    Source: Lakeway Area AOR,MLS#: 711754MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 6
      • Full bathrooms: 3
      • 1/2 bathrooms: 3
      Heating
      • Heat Pump
      Cooling
      • Ceiling Fan(s), Heat Pump
      Appliances
      • Included: Dishwasher, Dryer, Electric Cooktop, Electric Range, Electric Water Heater, Refrigerator, Washer
      • Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
      Features
      • Eat-in Kitchen, High Speed Internet
      • Flooring: Carpet, Tile
      • Windows: Double Pane Windows, Tilt Windows, Vinyl Frames
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Finished area above ground: 3,561
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Asphalt
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Rear Porch
      • Exterior features: Awning(s), Rain Gutters
      • Fencing: None
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 0.78 Acres
      • Dimensions: 137 x 275 x 115 x 281
      • Features: Irregular Lot, Level, Open Lot, Views
      Details
      • Has additional parcels: Yes
      • Parcel number: 083 039.09

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Ranch
      • Property subtype: Triplex, Multi Family
      Materials
      • Vinyl Siding, Wood Siding
      Condition
      • New construction: No
      • Year built: 2000

      Utilities & green energy

      • Electric: 220 Volts in Laundry, Circuit Breakers
      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Water Connected

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Newport

      Financial & listing details

      • Tax assessed value: $359,200
      • Annual tax amount: $2,154
      • Date on market: 6/8/2026
      • Tenant pays: All Utilities
      • Electric utility on property: Yes
      • Road surface type: Gravel

        Estimated market value

        $357,900

        $336,000 - $376,000

        $1,546/mo

        Price history

        DateEventPrice
        7/10/2026Contingent$379,999
        Source: RealTracs MLS as distributed by MLS GRID #3232634 Report a problem
        7/10/2026Pending sale$379,999
        Source: TVRMLS #9996552 Report a problem
        7/2/2026Listed for rent$1,200+20%
        Source: Zillow Rentals Report a problem
        6/5/2026Price change$379,999-49.3%
        Source: My State MLS #11637566 Report a problem
        1/26/2026Listed for sale$748,800+49.8%
        Source: Lakeway Area AOR #710253 Report a problem
        5/12/2025Listing removed$1,000
        Source: Zillow Rentals Report a problem
        4/24/2025Price change$1,000-18.4%
        Source: Zillow Rentals Report a problem
        3/20/2025Listed for rent$1,225
        Source: Zillow Rentals Report a problem
        7/13/2021Listing removed--
        Source: Lakeway Area AOR Report a problem
        5/10/2021Listed for sale$500,000
        Source: Lakeway Area AOR #601253 Report a problem
        5/6/2021Pending sale$500,000
        Source: Lakeway Area AOR #601253 Report a problem
        4/8/2021Listed for sale$500,000
        Source: Realty Executives Broker of Record #1148340 Report a problem
        10/17/2020Listing removed$500,000
        Source: Keller Williams Realty Knoxville-West #1109858 Report a problem
        6/10/2020Price change$500,000-2.7%
        Source: Keller Williams Realty Knoxville-West #1109858 Report a problem
        4/15/2020Listed for sale$514,000
        Source: Keller Williams Realty Knoxville-West #1109858 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,154 +0.7%$143,680 +71.9%
        2024$2,139 +6.8%$83,560 +6.8%
        2023$2,003 -0.2%$78,240
        2022$2,007 $78,240
        2021$2,007 $78,240
        2020$2,007 +16%$78,240 +28%
        2019$1,730 $61,120
        2018$1,730 0%$61,120
        2017$1,730 -2.4%$61,120
        2016$1,772 +11%$61,120
        2015$1,596 $61,120
        2014$1,596 $61,120 -8.1%
        2013$1,596 +17%$66,520 0%
        2011$1,364 -5.3%$66,537 -5.3%
        2010$1,440 $70,236
        2009-- $70,236 -1.3%
        2008$1,765 $71,172
        2007$1,765 $71,172
        2006$1,765 $71,172
        2005$1,765 -34%$71,172 -16%
        2004$2,676 +45.2%$84,685 +45.2%
        2002$1,843 $58,310
        2001-- $58,310
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 37821

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Cosby K-12
        • High: Cosby (K-12)

        Source: Lakeway Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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