14,520 SqFt
0.69 Lot Size
- Year Built

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.

Listed by Collier & Associates- Rogers Branch

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GALLERY

PROPERTY DETAIL

Key Details

Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14, 520 sqft
Price per Sqft $151
Subdivision Wells Add Gravette
MLS Listing ID 1351353
Style Contemporary
Construction Status New Construction
HOA Y/N No
Annual Tax Amount $168
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Other
Location

State AR
County Benton
Community Wells Add Gravette
Direction 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.
Building

Lot Description City Lot, Level
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Two
Structure Type Brick,Masonite,Vinyl Siding
New Construction Yes
Construction Status New Construction

Interior

Heating Central, Heat Pump
Cooling Central Air, Electric, Heat Pump
Flooring Luxury Vinyl Plank
Appliance Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave
Exterior

Exterior Feature Concrete Driveway
Parking Features Attached
Fence None
Community Features Biking, Trails/Paths
Utilities Available Electricity Available, Sewer Available, Water Available
Roof Type Architectural,Shingle
Road Frontage Public Road
Garage Yes
Schools

School District Gravette
Others

HOA Name TBD
Security Features Smoke Detector(s)
Virtual Tour https://tour.nwarealtors.org/515-2nd-Avenue-Gravette-AR-72736--1351353/unbranded