Opportunity awaits! This 2-bedroom, 1-bath home, originally built in the 1930s, offers excellent potential for investors, renovators, or entrepreneurs. Situated in a highly visible location, the property may be suitable for residential living, a small business, or mixed-use possibilities (subject to local zoning and approvals). The home requires repairs and updates and is being sold as-is, making it an ideal project for those looking to add value. Features include a covered front porch and a flexible floor plan. Bring your vision and transform this property into a residence, office, retail space, or income-producing investment. Buyer/Agent to very all information.
For sale
$82,000
544 Prospect Ave, Newport, TN 37821
2beds
812sqft
Single Family Residence, Residential
Built in 1930
6,098 Square Feet Lot
$-- Zestimate®
$101/sqft
$-- HOA
What's special
Covered front porchFlexible floor plan
- 20 days |
- 492 |
- 35 |
Zillow last checked:
Listing updated:
Listed by:
Jessica Carothers,
Heartland Realty & Property Group 423-237-3755
Source: Lakeway Area AOR,MLS#: 711890
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bathroom 1
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Heating
- None
Cooling
- Wall/Window Unit(s), Window Unit(s), None
Appliances
- Included: None
Features
- Flooring: Carpet, Softwood
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Metal
Interior area
- Total interior livable area: 812 sqft
- Finished area above ground: 812
- Finished area below ground: 0
Property
Accessibility
- Accessibility features: Accessible Central Living Area
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Front Porch
Lot
- Size: 6,098 Square Feet
- Dimensions: 49 x 148/48 x 142
Details
- Parcel number: 056B J 02001 000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding
- Foundation: Block
Condition
- Fixer
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Water Available
Community & HOA
HOA
- Has HOA: No
- Amenities included: Laundry
Location
- Region: Newport
Financial & listing details
- Price per square foot: $101/sqft
- Tax assessed value: $111,300
- Annual tax amount: $841
- Date on market: 7/5/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,278/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/5/2026 | Listed for sale | $82,000$101/sqft |
Source:  Lakeway Area AOR #711890 Report a problem | ||
| 6/22/2026 | Pending sale | $82,000$101/sqft |
Source: Lakeway Area AOR #711890 Report a problem | ||
| 6/17/2026 | Listed for sale | $82,000+2633.3%$101/sqft |
Source: Lakeway Area AOR #711890 Report a problem | ||
| 1/2/2001 | Sold | $3,000$4/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $841 +79.1% | $27,825 +194.4% |
| 2024 | $470 | $9,450 |
| 2023 | $470 -0.1% | $9,450 |
| 2022 | $470 | $9,450 |
| 2021 | $470 | $9,450 |
| 2020 | $470 +14.3% | $9,450 +25.6% |
| 2019 | $412 | $7,525 |
| 2018 | $412 -0.1% | $7,525 |
| 2017 | $412 -5.3% | $7,525 |
| 2016 | $435 +31.2% | $7,525 |
| 2015 | $332 | $7,525 |
| 2014 | $332 | $7,525 -5.9% |
| 2013 | $332 +9.5% | $8,000 +0.3% |
| 2011 | $303 | $7,979 |
| 2010 | $303 | $7,979 |
| 2009 | -- | $7,979 +11.2% |
| 2008 | $324 | $7,178 |
| 2007 | $324 | $7,178 |
| 2006 | $324 | $7,178 |
| 2005 | $324 -19.6% | $7,178 |
| 2004 | $403 +26% | $7,178 +26% |
| 2002 | $320 | $5,695 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Climate risks
Neighborhood: 37821
Nearby schools
GreatSchools rating
- 6/10Newport Grammar SchoolGrades: PK-8Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Newport Grammar
Source: Lakeway Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Cocke County
- Newport
- 37821
- 544 Prospect Ave
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