$3,264,300
NEW CONSTRUCTION

Estimated payment $17,900/month

Total Views 25
-- Bed
-- Bath
1,209 Sq Ft
$2,700 Price per Sq Ft

Highlights

  • New Construction
  • Property is near park and schools
  • Cooling Available
  • 2.19 Acre Lot
  • 1 Car Attached Garage
  • Park

About This Home

Rare opportunity to own a brand-new 12-unit multifamily development in Farmington, Arkansas. Comprised of six duplexes, this turnkey investment is positioned in a growing community with strong rental demand. Conveniently located adjacent to Farmington High School and just minutes from Highway 62, residents enjoy quick access to grocery stores, restaurants, schools, parks, and the University of Arkansas. Thoughtfully designed with modern finishes, attached garages, and functional floor plans, these units are well suited for families, professionals, and university affiliates. A quality new construction investment in one of Northwest Arkansas' most desirable growth markets.

Listing Agent

Gunnison Riggins

JB Realty Brokerage Phone: 479-233-8740 License #SA00099473 Listed on: 07/21/2026

JB Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,351

Year Built

  • Built in 2026 | New Construction

Lot Details

  • 2.19 Acre Lot
  • Back Yard Fenced
  • Open Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 1,209 Sq Ft Home
  • 1-Story Property
  • Luxury Vinyl Plank Tile Flooring
  • Fire and Smoke Detector

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Location

  • Property is near park and schools
  • Property near a hospital

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 017 / 017

Community Details

Overview

  • 12 Units
  • Grasslands Subdivision Phase 2

Recreation

  • Park

Additional Features

  • Shops
  • Gross Income $273,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,351

Year Built

Built in 2026 | New Construction

Lot Details

2.19 Acres

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 2.19
  • Road Frontage Type: Shared
  • Subdivision Name: GRASSLANDS SUBDIVISION PHASE 2
  • Directions: From W Martin Luther King Jr. Blvd, head south on Broyles St. Turn right onto Rheas Mill Rd, then left into Grasslands Subdivision. Follow W Rainsong St to the development. Lots are located on the south side of W Rainsong St. Look for signage.
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: Yes
  • Building Stories: 1
  • Year Built Details: New Construction
  • Year Built: 2026
  • Property Sub Type Additional: Duplex,Multi Family
  • Attribution Contact: 479-233-8740
  • Special Features: 4098
  • Stories: 1
  • Year Built: 2026

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Flooring: Luxury Vinyl Plank
  • Living Area: 1209.0

Exterior Features

  • Fencing: Back Yard
  • Lot Features: Industrial Park, Near Park, Open Lot
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Parking Features: Attached, Garage, One Space, Garage Door Opener

Utilities

  • Security: Fire Alarm
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Park, Shopping
  • Association #2 Fee Frequency: Monthly

Multi Family

  • Number Of Units In Community: 12
  • Number Of Units Total: 12
  • Annual Gross Income: 273600.0

Tax Info

  • Tax Annual Amount: 1351.0
  • Tax Block: 017
  • Tax Lot: 017

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/21/2026 07/21/26 For Sale $3,264,300 -- $2,700 / Sq Ft
Source: ArkansasOne MLS

Source: ArkansasOne MLS

MLS Number: 1356077

ArkansasOne MLS
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