Prime Multi-Family Development Opportunity! Just minutes from Highway 65, this exceptional 60.41-acre property offers an exciting opportunity for developers and investors. Comprised of two parcels—approximately 20 acres and 40.41 acres—the property is zoned R-3 Medium Density Residential, providing excellent potential for multi-family development. The gently rolling acreage features a desirable combination of open grassland and tree-lined edges, creating a versatile setting with both natural beauty and development potential. With convenient access to Highway 65 and ample acreage, this property offers room to bring a large-scale residential vision to life. The owner will consider selling the parcels separately, offering flexibility for a variety of development plans and investment strategies. Opportunities of this size and zoning are not often available—bring your vision and explore the possibilities!
Prime Multi-Family Development Opportunity! Just minutes from Highway 65, this exceptional 20.00-acre property offers an exciting opportunity for developers and investors. Comprised of two parcels—approximately 20 acres and 40.41 acres—the property is zoned R-3 Medium Density Residential, providing excellent potential for multi-family development. The gently rolling acreage features a desirable combination of open grassland and tree-lined edges, creating a versatile setting with both natural beauty and development potential. With convenient access to Highway 65 and ample acreage, this property offers room to bring a large-scale residential vision to life. The owner will consider selling the parcels separately, offering flexibility for a variety of development plans and investment strategies. Opportunities of this size and zoning are not often available—bring your vision and explore the possibilities!
NWARMLS #1361883
Sep 11, 2026
Listed
$1,200,000
+15
Prime Multi-Family Development Opportunity! Just minutes from Highway 65, this exceptional 40.41-acre property offers an exciting opportunity for developers and investors. Comprised of two parcels—approximately 20 acres and 40.41 acres—the property is zoned R-3 Medium Density Residential, providing excellent potential for multi-family development. The gently rolling acreage features a desirable combination of open grassland and tree-lined edges, creating a versatile setting with both natural beauty and development potential. With convenient access to Highway 65 and ample acreage, this property offers room to bring a large-scale residential vision to life. The owner will consider selling the parcels separately, offering flexibility for a variety of development plans and investment strategies. Opportunities of this size and zoning are not often available—bring your vision and explore the possibilities!
Year
Property tax
Land + Additions
Assessment*
2025
$38
$740
2024
$38
$740
2023
$38
$740
2022
$38
$740
2021
$38 (+4.6%)
$740
2020
$36
$740
2019
$36
$710
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
20 Acres
Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
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Style
Vacant Land
County
Boone County
APN
825-14578-202
Parking Spaces
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Basement
—
Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Mar 19, 2026.
Climate risks
7/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 104° expected this year, 21 days in 30 years
2/10 Wind Factor
2% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Harrison, AR • 72601
Average low and high temperatures (°F)
46
26
57
34
71
47
74
54
76
58
85
69
91
73
89
67
85
61
77
52
64
43
55
35
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Harrison. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 806 Gipson Rd
$1,636,179
$64K under list price of $1.70M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $230K to $437K.