New construction

$2,200,000

515 2nd Ave SW, Gravette, AR 72736

--beds

--baths

14,520sqft

Get pre-qualified

Multi Family

Built in 2027

-- sqft lot

$-- Zestimate^®

$152/sqft

$-- HOA

What's special

Generously designed living space

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.

32 days

80

0

Loading...

Facts & features

Interior

Heating

Central, Heat Pump

Cooling

Central Air, Electric, Heat Pump

Appliances

Included: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave

Features

Flooring: Luxury Vinyl Plank
Has basement: No

Interior area

Total structure area: 14,520
Total interior livable area: 14,520 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 1
Parking features: Attached, Garage, Garage Door Opener
Has attached garage: Yes
Covered spaces: 1

Features

Levels: Two
Stories: 2
Exterior features: Concrete Driveway
Fencing: None

Lot

Size: 0.69 Acres
Features: City Lot, Level

Details

Parcel number: 1100769000
Zoning description: Multi Family

Construction

Type & style

Home type: MultiFamily
Architectural style: Contemporary
Property subtype: Multi Family

Materials

Brick, Masonite, Vinyl Siding
Foundation: Slab
Roof: Architectural,Shingle

Condition

To Be Built
New construction: Yes
Year built: 2027

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Sewer Available, Water Available

Community & HOA

Community

Features: Biking, Trails/Paths
Security: Smoke Detector(s)
Subdivision: Wells Add Gravette

HOA

Has HOA: Yes
HOA name: Tbd

Location

Region: Gravette

Financial & listing details

Price per square foot: $152/sqft
Tax assessed value: $115,675
Annual tax amount: $168
Date on market: 6/9/2026
Cumulative days on market: 33 days

Estimated market value

Not available

Estimated sales range

Not available

$1,212/mo

Price history

Date	Event	Price
6/9/2026	Listed for sale	$2,200,000+1660%$152/sqft
Source: ArkansasOne MLS #1351353 Report a problem
11/17/2025	Sold	$125,000-16.7%$9/sqft
Source: ArkansasOne MLS #1325956 Report a problem
10/20/2025	Listed for sale	$150,000+117.4%$10/sqft
Source: ArkansasOne MLS #1325956 Report a problem
10/11/2011	Listing removed	$69,000$5/sqft
Source: eXp Realty #642223 Report a problem
10/2/2011	Listed for sale	$69,000+115.6%$5/sqft
Source: eXp Realty #642223 Report a problem
9/21/2006	Sold	$32,000-33.2%$2/sqft
Source: Public Record Report a problem
3/22/2006	Sold	$47,918$3/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$168 -25.3%	$15,160 +4.8%
2024	$225 -68.2%	$14,470 +5%
2023	$708 +8.3%	$13,780 +8.3%
2022	$654 +9.8%	$12,720 +9.1%
2021	$595 +9%	$11,660 +10%
2020	$546	$10,600
2019	$546	$10,600
2018	$546 +5.1%	$10,600
2017	$520	$10,600
2016	$520	$10,600 +1%
2015	$520 +0.5%	$10,490
2014	$517 +0.4%	$10,490
2013	$515	$10,490
2012	--	$10,490
2011	$495	$10,490 -1.4%
2010	--	$10,640
2009	--	$10,640
2008	--	$10,640 +11.6%
2007	--	$9,530
2006	--	$9,530 -15.8%
2005	--	$11,320
2004	--	$11,320
2003	--	$11,320
2002	--	$11,320 +9.6%
2001	--	$10,330
2000	--	$10,330

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

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.

See how much you could borrow to make a competitive offer.

Get pre-qualified

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.