2482-2480 Elk Way

Newport, TN 37821

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 at least $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.

Listing courtesy of Joseph Fernandez of Your Home Sold Guaranteed Realty



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Data last updated at: 2025-06-15 10:57 AM UTC