Lot/land

Price cut: $200K (5/21)

$300,000

515 2nd Ave SW #5, Gravette, AR 72736

--beds

--baths

0.69Acres

Unimproved Land

Built in ----

0.69 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Opportunity meets potential on this prime R 3 zoned parcel, offering the ability to develop up to ten residential units. Whether your vision includes multifamily housing or a collection of well-designed rentals, this property provides a flexible foundation for growth. Located near Centennial Park and just minutes from Gravette High School, the area offers a welcoming community atmosphere with strong appeal for future residents. Development sites with this level of promise are increasingly rare — secure your chance to build something meaningful.

96 days

22

0

Facts & features

Interior

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Property

Features

Fencing: None
Waterfront features: None

Lot

Size: 0.69 Acres
Features: Cleared, City Lot, Neighborhood, Subdivision, Level
Topography: Level

Details

Parcel number: 1100769000
Zoning description: Multi Family
Special conditions: None

Utilities & green energy

Sewer: Not Connected (nearby), Public Sewer
Water: Not Connected (nearby), Public
Utilities for property: Natural Gas Not Available, Electricity Available

Community & HOA

Community

Features: Curbs, Sidewalks
Subdivision: Wells Add Gravette

Location

Region: Gravette

Financial & listing details

Annual tax amount: $168
Date on market: 4/14/2026
Cumulative days on market: 97 days
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/21/2026	Price change	$300,000-40%
Source: ArkansasOne MLS #1342864 Report a problem
4/14/2026	Listed for sale	$500,000
Source: ArkansasOne MLS #1342864 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 72736

Getting around

42 / 100

Car-Dependent

45 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

NA
Glenn Duffy Elementary School
Grades: PK-2Distance: 0.5 mi
9/10
Gravette Middle School
Grades: 6-8Distance: 0.4 mi
6/10
Gravette High School
Grades: 9-12Distance: 1.1 mi

Schools provided by the listing agent

District: Gravette

Source: ArkansasOne MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.