Property Details
Basic Information
- Property SubType: Residential Income
- MLS Number: 3232634
- Mls Status: Active
- List Price: $379,999
- Date Listed: 06/09/2026
- Units: 3
- Description: 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.
Building
- Square Feet: 3,586
- Year Built: 2000
- Roof: Other
Location
- County: Cocke County, TN
- Town: Newport
- Street: Elk Way
- Building Number: 2482
- State: TN
- Zip: 37821
- Longitude: -83.217205
- Latitude: 35.89074
Finance
- Taxes: $2,154
Community
Schools
- Elementary School: Cosby Elementary
- High School: Cosby High School
Listings courtesy of Realtracs as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 9, 2026 8:58 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.