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Tara Limbird

Principal Broker | Operator | Limbird Real Estate Group | PLACE

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515 2nd Ave , Gravette, AR 72736
$2,200,000
Est. Payment: $11,341.72/mo
0 Bed
0 Bath
14520 Sqft
Status: Active | Days on site: 1
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Tara Limbird
Principal Broker | Operator

House 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.

Highlights

Listed by Wally Teichmann , 479-216-7158 Collier & Associates- Rogers Branch , 479-274-0977. Arkansas Regional MLS, LLC

Property Type

Residential

Lot/Acreage
0.69

HOA Fee

Monthly

Year Built

2027

County

Benton

Neighborhood

Wells Add Gravette

School District

Gravette

Listing ID

1351353

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Appliances:Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave
Air Cond:Central Air,Electric,Heat Pump
Fireplaces:
Floor:Luxury Vinyl Plank
Water:Public

Exterior Features

Lot:City Lot,Level
Zoning:Multi Family
Roof:Architectural,Shingle
Others:
  • Additional:Concrete Driveway, To Be Built
Sewer:Public Sewer
Parking Features:Attached,Garage,Garage Door Opener
Principal Interest
$11,342
Taxes
$14
HOA
$0

Home Price

$2,200,000

Loan Details

30 yrs
6.687%

Down Payment

20%
$440,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$11,341.72

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,341.72 $14.00 $0.00 $11,355.72
Yearly $136,100.64 $168.00 $0.00 $136,268.64
Total $4,083,019.11 $5,040.00 $0.00 $4,088,059.11

Today's Rates

30 Year

6.69%

20 Year

6.61%

15 Year

6%

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Gravette, AR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Arkansas Regional MLS, LLC, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-09-04T20:10:26.000Z

© 2026 Arkansas Regional MLS, LLC