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515 2nd Avenue, Gravette, AR

$2,200,000

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14,520

Square feet

0.69

Acres

About 515 2nd Avenue

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.

Features of 515 2nd Avenue

MLS® # 1351353
Price $2,200,000
Square Footage 14,520
Acres 0.69
Year Built 2027
Type Residential
Sub-Type Other
Style Contemporary
Status Active

Community Information

Address 515 2nd Avenue
Subdivision Wells Add Gravette
City Gravette
County Benton
Province AR
Postal Code 72736

Amenities

Utilities Electricity Available, Sewer Available, Water Available
Features Biking, Trails/Paths
Parking Attached, Garage, Garage Door Opener
Is Waterfront No
Has Pool No

Interior

Appliances Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave
Heating Central, Heat Pump
Cooling Central Air, Electric, Heat Pump
Fireplace No
# of Stories 2
Stories Two

Exterior

Exterior Features Concrete Driveway
Lot Description City Lot, Level
Roof Architectural, Shingle
Construction Brick, Masonite, Vinyl Siding
Foundation Slab

School Information

District Gravette

Additional Information

Date Listed June 9th, 2026
Days on Market 1

Listing Details

AgentWally Teichmann
OfficeCollier & Associates- Rogers Branch

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