515 2nd Avenue, Gravette, AR 72736

Gravette
Local realty services provided by:Better Homes and Gardens Real Estate Journey
515 2nd Avenue,Gravette, AR 72736
$2,200,000
Virtual Tour
  • - Beds
  • - Baths
  • 14,520 sq. ft.
  • Single family
  • Active
Listed by: wally teichmann
Office: collier & associates- rogers branch
MLS#:1351353
Source:AR_NWAR

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$151.52

About this home

Purpose-built for the portfolio investor, this brand-new 10-unit multifamily development will deliver turnkey income potential. Each unit offers 1,452 square feet of generously designed living space — a footprint that commands stronger rents and attracts long-term tenants. Situated near Centennial Park and moments from Gravette High School, this development sits in a family-friendly community with genuine residential demand and easy access to the broader Northwest Arkansas growth corridor. With 14,520 square feet of total rentable area under a single R-3 zoned asset, you gain the efficiency of scale without the complexity of a large apartment community. New construction means no deferred maintenance and no capital surprises from day one. Newly constructed multifamily assets in emerging NWA submarkets are increasingly rare — don't miss this one.

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Home facts

  • Year built:2027
  • Subdivision & Development:Wells Add Gravette
  • Listing ID #:1351353
  • Added:56 day(s) ago
  • Updated:August 05, 2026 at 02:21 PM

Rooms and interior

  • Flooring:Luxury Vinyl Plank
  • Kitchen Description:Dishwasher, Electric Range, Electric Water Heater, Garbage Disposal, Microwave, Microwave Hood Fan
  • Living area:14,520 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric, Heat Pump
  • Heating:Central, Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Architectural, Shingle
  • Year built:2027
  • Building area:14,520 sq. ft.
  • Lot area:0.69 Acres
  • Lot Features:City Lot, Level
  • Architectural Style:Contemporary
  • Construction Materials:Brick, Masonite, Vinyl Siding
  • Foundation Description:Slab
  • Levels:2 Story

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$151.52
  • Tax amount:$168

Features and amenities

  • Appliances:Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Microwave Hood Fan
  • Amenities:Smoke Detectors

Parking

  • Parking description:Attached, Concrete Driveway, Garage, Garage Door Opener
  • Garage:Yes

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