New Construction
Address
515 2nd Avenue, Gravette, AR
Price
$ 2,200,000
Property Attributes
- MLS#1351353
- TypeSingle Family
- Listing Status Active
- CountyBenton
- CityGravette
- NeighborhoodWells Add Gravette
- Zip72736
- Style
- Year Built2027
- Taxes$ 168
- Price$ 2,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage14520
- Lot Size0.69 Acres
Data Source:
Northwest Arkansas BOR (NABOR)
Property Description
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.
| Price History | |
|---|---|
| 6/9/2026 | Listed $2,200,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Heat Pump |
| Cooling | Central Air,Electric,Heat Pump |
| Utilities | Electricity Available,Sewer Available,Water Available |
| Roof | Architectural,Shingle |
| Appliances | Dishwasher,Electric Range,Electric Water Heater,Disposal,Microwave Hood Fan,Microwave |
| Architectural Style | Contemporary |
| Security Features | Smoke Detector(s) |
| Construction Materials | Brick,Masonite,Vinyl Siding |
| Year Built | 2027 |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Other |
| Community Features | Biking,Trails/Paths |
| County | Benton |
| New Construction | true |
| Property Type | Residential |
| HOA | true |
| Attached Garage | true |
| Subdivision Name | Wells Add Gravette |
| Garage Y/N | true |
| Status | Active |
| Directions | To get to 515 2nd Ave SW from Exit 100 in Gravette, take US-71 BUS S and turn right on W Main St, then take the first left onto 2nd Ave SW. This is a short drive of approximately 1.5 miles, with a total time of around 3 minutes. Head south on the exit ramp: After taking Exit 100, follow signs to merge onto US-71 BUS S. Turn right on W Main St: Continue on US-71 BUS S for a short distance and turn right onto W Main St. Turn left on 2nd Ave SW: Take the first left onto 2nd Ave SW. The destination will be on your left. |
| City | Gravette |
| Disclosures | Sellers Disclosure Not Available |
| Association Name | TBD |
| High School District | Gravette |
| Zoning Description | Multi Family |
| Number Of Units Total | 10 |
| Lot Size Units | Acres |
| Year Built Details | New Construction |
| Tax Annual Amount | 168 |
| Property Condition | To Be Built |
| Virtual Tour | https://tour.nwarealtors.org/515-2nd-Avenue-Gravette-AR-72736--1351353/unbranded |
| Standard Status | Active |
| Middle/Junior School District | Gravette |
| Elementary School District | Gravette |
| Tax Lot | 5 |
| Property Sub Type Additional | Multi Family,Other |
| PostalCity | Gravette |
| Legal Description | 11-00769-000 |
Interior Features
| Flooring | Luxury Vinyl Plank |
|---|---|
| Basement (Y/N) | false |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| LivingAreaSource | Builder |
Exterior Features
| Exterior Amenities | Concrete Driveway |
|---|---|
| Fencing | None |
| Parking Features | Attached,Garage,Garage Door Opener |
| Lot Features | City Lot,Level |
| Water Source | Public |
| Lot Size Area | 0.69 |
| Foundation Details | Slab |
| Building Area Total | 14520 |
| Lot Size Acres | 0.69 |
| Covered Spaces | 1 |
| Road Frontage Type | Public Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 72736
Price
Taxes
Year Built
Cooperative Arkansas REALTORS®l MLS, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
Northwest Arkansas Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
Fort Smith Board of Realtors® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
