# 515 2nd Avenue, Gravette, AR 72736 > **TL;DR:** single family, $2,200,000 ($152/sqft), built 2027, 14,520 sqft. > A/C. Est. $11,766/mo. Listed 96 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,200,000 | | Price/sqft | $152 | | Square Feet | 14,520 | | Year Built | 2027 | | Lot Size | 30,056 sqft (0.69 acres) | | Stories | 2 | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 96 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $11,124 | | Estimated Insurance | $642 | | **Total** | **$11,766** | ## Key Amenities - A/C ## Property Highlights - Built in 2027 - 0.69 acre lot - 2 stories ## Description ### Agent 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. ## Location - **Address:** 515 2nd Avenue, Gravette, AR 72736 - **County:** Benton - **Neighborhood:** Wells Add Gravette - **Coordinates:** 36.417436, -94.454737 - **Google Maps:** https://www.google.com/maps?q=36.417436,-94.454737 ## Virtual Tour & Media - **Video Tour:** https://tour.nwarealtors.org/515-2nd-Avenue-Gravette-AR-72736--1351353/unbranded ## Listing Agent - **Name:** Wally Teichmann · **License:** EB00082085 - **Brokerage:** Collier Properties - **Phone:** 4792167158 - **Broker Phone:** 5012305290 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/515-2nd-Ave-SW_Gravette_AR_72736_M87774-91028?f=listhub&s=ARMLSAR&m=1351353&c=propsimple) ## Photos ![515 2nd Avenue - Photo 1](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f592621156r.jpg) ![515 2nd Avenue - Photo 2](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f641535976r.jpg) ![515 2nd Avenue - Photo 3](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1891099417r.jpg) ![515 2nd Avenue - Photo 4](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f94800277r.jpg) ![515 2nd Avenue - Photo 5](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1445432916r.jpg) ![515 2nd Avenue - Photo 6](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f3752481956r.jpg) ![515 2nd Avenue - Photo 7](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f3038892551r.jpg) ![515 2nd Avenue - Photo 8](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f2584149995r.jpg) ![515 2nd Avenue - Photo 9](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f4252461582r.jpg) ![515 2nd Avenue - Photo 10](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f3626847773r.jpg) ![515 2nd Avenue - Photo 11](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1600985164r.jpg) ![515 2nd Avenue - Photo 12](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1606089538r.jpg) ![515 2nd Avenue - Photo 13](http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f4016450518r.jpg) --- **MLS#:** 1351353 | **Updated:** 2026-07-02 **Source:** listhub *Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/515-2nd-avenue-gravette-ar-72736-1351353) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/515-2nd-avenue-gravette-ar-72736-1351353#listing", "url": "https://www.propertysimple.ai/listing/515-2nd-avenue-gravette-ar-72736-1351353", "name": "515 2nd Avenue, Gravette, AR 72736", "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.", "image": [ "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f592621156r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f641535976r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1891099417r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f94800277r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1445432916r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f3752481956r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f3038892551r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f2584149995r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f4252461582r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f3626847773r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1600985164r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1606089538r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f4016450518r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f592621156r.jpg", "caption": "515 2nd Avenue - Gravette, AR" }, "datePosted": "2026-06-09T00:00:00+00:00", "dateModified": "2026-07-02T05:20:37.448136+00:00", "mainEntity": { "@type": "Accommodation", "@id": "https://www.propertysimple.ai/listing/515-2nd-avenue-gravette-ar-72736-1351353#property", "name": "515 2nd Avenue, Gravette, AR 72736", "address": { "@type": "PostalAddress", "streetAddress": "515 2nd Avenue", "addressLocality": "Gravette", "addressRegion": "AR", "postalCode": "72736", "addressCountry": "US" }, "geo": { "@type": "GeoCoordinates", "latitude": 36.417436, "longitude": -94.454737 }, "image": [ "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f592621156r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f641535976r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1891099417r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f94800277r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1445432916r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f3752481956r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f3038892551r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f2584149995r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f4252461582r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f3626847773r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1600985164r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f1606089538r.jpg", "http://lh.rdcpix.com/fe5e4cab948814a3a8d8b96f7250ae16l-f4016450518r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "1351353" }, "accommodationCategory": "Other", "floorSize": { "@type": "QuantitativeValue", "value": 14520, "unitCode": "FTK", "unitText": "square feet" }, "yearBuilt": 2027, "amenityFeature": [ { "@type": "LocationFeatureSpecification", "name": "Heating", "value": "Central, Heat Pump (Heating)" }, { "@type": "LocationFeatureSpecification", "name": "Cooling", "value": "Central Air, Electric, Heat Pump" }, { "@type": "LocationFeatureSpecification", "name": "Appliances", "value": "Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MicrowaveHoodFan, Microwave" }, { "@type": "LocationFeatureSpecification", "name": "Flooring", "value": "Vinyl" }, { "@type": "LocationFeatureSpecification", "name": "Construction Materials", "value": "Brick, Masonite, VinylSiding" }, { "@type": "LocationFeatureSpecification", "name": "Parking Features", "value": "Garage, Open" }, { "@type": "LocationFeatureSpecification", "name": "Air Conditioning", "value": true } ], "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "0.69 acres" }, { "@type": "PropertyValue", "name": "Stories", "value": 2 }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Other" } ] }, "offers": { "@type": "Offer", "@id": "https://www.propertysimple.ai/listing/515-2nd-avenue-gravette-ar-72736-1351353#offer", "url": "https://www.propertysimple.ai/listing/515-2nd-avenue-gravette-ar-72736-1351353", "price": 2200000, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://www.propertysimple.ai/listing/515-2nd-avenue-gravette-ar-72736-1351353#agent" } }, "provider": { "@type": "Person", "@id": "https://www.propertysimple.ai/listing/515-2nd-avenue-gravette-ar-72736-1351353#agent", "name": "Wally Teichmann", "telephone": "4792167158", "worksFor": { "@type": "Organization", "@id": "https://www.propertysimple.ai/listing/515-2nd-avenue-gravette-ar-72736-1351353#brokerage", "name": "Collier Properties", "telephone": "5012305290" } } } ```