$388,800
Newport, TN 37821
MLS# 1327739
3 beds | 2569 sqft
1 / 60
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.
Details
Maps
Contract Info
Auction Y/N: No
Listing Price: 388800
Current Price: $388,800
Status: Active
Listing Date: 2026-01-25
Location, Tax & Legal Info
Area: Cocke County - 39
Property Sub-Type: Residential
City/County Code: County
Elementary School: Cosby
Total Tax: 1245.7
High School: Cosby
General Property Description
Type: 1 1/2 Story
# Bedrooms: 3
Lot Dimensions: 232x216x174x275
Acres: 1.15
Acre Source: Survey
# of Rooms: 7
Restrictions: No
Site Built: Yes
Fireplace: Yes
Property Status: N/A
SqFt - Main Lvl: 2569
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 1
HOA: No
Basement: No
Bonus Room: No
SqFt - Total (Aprox): 2569
Baths - Full: 4
Year Built: 1984
Remarks & Misc
Directions: From Newport US-321 towards Cosby turn left onto Old 32, continue to follow old 32. Turn left onto O'Neil Rd then turn left onto Elk Way. Stay on Elk way see sign. From Cosby take US-321 onto Old 32 then follow the remaining directions. Property is GPS friendly.
Public Remarks: 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.
Fencing
Chain: 1
Atchd/Dtchd Type
Detached: 1
Style
Other: 1
Construction
Frame: 1
Siding
Wood: 1
Fireplace
Wood Burning: 1
Cooling
Ceiling Fan(s): 1
Central Cooling: 1
Floors
Carpet: 1
Tile: 1
Garage/Parking
Garage Spaces: 2
Garage Door Opener: 1
Main Level: 1
Basement
None: 1
Lot Description
Irregular Lot: 1
Level: 1
Rolling Slope: 1
Fuel
Electric: 1
View
Mountain View: 1
Heat
Heat Pump: 1
Dining Area
Eat-in Kitchen: 1
Formal Dining Area: 1
Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Other: 1
Exterior Features
Deck: 1
Porch - Covered: 1
Windows - Vinyl: 1
Misc Features
Cathedral Ceiling(s): 1
Internet Available: 1
Kitchen Island: 1
Walk-in Shower: 1
Washer/Dryer Connect: 1
Sewer
Septic Tank: 1
Water
Public: 1
New Financing
Cash: 1
Conventional: 1
FHA: 1
Location Tax Legal Info
House #: 2480
Street Name: Elk
St Suffix: Way
State/Province: TN
Zip Code: 37821
PIN #: 083 039.05 083 03908
Geo Lat: 35.890748
Geo Lon: -83.216804
Status Change Info
Status Change Date: 2026-01-27
Property Features
Style: Other
Construction: Frame
Siding: Wood
Basement: None
Lot Description: Irregular Lot; Level; Rolling Slope
View: Mountain View
Fireplace: Wood Burning
Floors: Carpet; Tile
Fuel: Electric
Heat: Heat Pump
Cooling: Ceiling Fan(s); Central Cooling
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer; Other
Sewer: Septic Tank
Water: Public
Misc Features: Cathedral Ceiling(s); Internet Available; Kitchen Island; Walk-in Shower; Washer/Dryer Connect
Exterior Features: Deck; Porch - Covered; Windows - Vinyl
Fencing: Chain
Dining Area: Eat-in Kitchen; Formal Dining Area
New Financing: Cash; Conventional; FHA
IDX
Listing Office: Country Living Realty
Office Phone: 423-237-1046
Last Updated: January - 27 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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