• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of Only 1 Realty Group North Dallas- MLS# 21236538MLS ProviderContact Information: Alejandro Martinez Cansino - 214-560-0422

1609 Mignon DriveArlington, TX 76010

Multi-Family · 24 Beds · 24 Full Baths · 8 Half Baths · 2,250 Sq. ft. | 0.07 Acres
$3,100,000 Active

1609 Mignon Drive Overview

Visits:
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This high-performing 8-unit portfolio offers a rare turn-key opportunity for investors seeking modern reliability and significant upside in the booming North Texas market. Built in 2022, the property promises a low-maintenance ownership experience with nearly new systems and premium finishes that command top-tier market rents. While currently 7 of the 8 units are leased for immediate cash flow, achieving full occupancy elevates the asset to a strong Cap Rate. Strategically positioned to capitalize on the region’s massive growth, this investment is perfectly timed for the upcoming 2026 World Cup, which is set to bring nine matches—including a major semi-final—to nearby Arlington. With a projected multi-billion-dollar economic impact and a surge in global demand for the area, this portfolio represents a sophisticated hedge against inflation and a play for significant long-term appreciation in one of the most resilient real estate corridors in the country.

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1609 Mignon Drive Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,250
  • Price/Sq.ft. $1,378
  • Lot 0.07 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Arlington ISD
  • Elementary School: Johns
  • High School: Sam Houston

Income/Expenses

  • Gross Income: 247200.0
  • Insurance Expense: 19600.0
  • Net Operating Income: 170000.0
  • Operating Expense Includes: Gardener,Insurance,Maintenance,Professional Management

Building Information

  • Year Built: 2022
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Tarrant
  • Postal City: ARLINGTON
  • Subdivision Name: Plaza Heights Add

Community/Development

  • Community Features: Other,Curbs,Sidewalks

Tax Information

  • Tax Annual Amount: 7171.0

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange,Submit
  • Parcel Number: 42765810
  • Property Type: Residential Income
  • Senior Community: No

Interior

Parking Information

  • Garage Spaces: 16.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 24
  • Bathrooms Half: 8
  • Bathrooms Total: 32
  • Bedrooms Total: 24

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 2250.0

General Information

  • Appliances: Dishwasher,Electric Range,Electric Water Heater,Microwave,Refrigerator
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet,Laminate
  • Foundation Details: Slab
  • Interior Features: Decorative/Designer Lighting Fixtures,Double Vanity,Kitchen Island,Multiple Master Suites,Multiple Staircases,Open Floorplan,Walk-In Closet(s)
  • Levels: Three Or More

Exterior

Parking Information

  • Parking Features: Additional Parking,Driveway
  • Parking Total: 16.0

Lot Information

  • Lot Size Dimensions: .8
  • Lot Size Source: Builder
  • Lot Size Square Feet: 3179.88
  • Lot Size Units: Acres
  • Number Of Buildings: 8
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Rock,Stone,See Remarks,Wood Siding
  • Patio And Porch Features: Front Porch
  • Roof: Shingle

General Information

  • Carport: No
  • Number Of Units Total: 8
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Sewer Available,Separate Meters,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 3 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 4 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 5 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 6 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 7 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 8 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1609 Mignon Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1609 Mignon Drive Market Data

Based on the last 30 days in this zip code

$288,676
Average List Price
$186
Average Price per Square Foot
15
Properties Sold
76
Average Days on Market
59
Properties for Sale
Calculations provided by Reliance Network


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