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.
For sale
Price cut: $300K (8/28)
$2,800,000
1609 Mignon Dr, Arlington, TX 76010
24beds
2,250sqft
Multi Family
Built in 2022
-- sqft lot
$-- Zestimate®
$1,244/sqft
$-- HOA
What's special
Premium finishesNearly new systems
- 149 days
- 797
- 53
Zillow last checked:
Listing updated:
Listed by:
Alejandro Martinez Cansino 0790917 214-560-0422,
Only 1 Realty Group North Dallas 214-560-0422
Source: NTREIS,MLS#: 21236538
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 32
- Full bathrooms: 24
- 1/2 bathrooms: 8
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Features
- Decorative/Designer Lighting Fixtures, Double Vanity, Kitchen Island, Multiple Master Suites, Multiple Staircases, Open Floorplan, Walk-In Closet(s)
- Flooring: Carpet, Laminate
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,250
- Total interior livable area: 2,250 sqft
Video & virtual tour
Property
Parking
- Total spaces: 16
- Parking features: Additional Parking, Driveway
- Attached garage spaces: 16
Features
- Levels: Three Or More
- Patio & porch: Front Porch
- Pool features: None
Lot
- Size: 3,179 Square Feet
- Dimensions: .8
Details
- Parcel number: 42765810
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Rock, Stone, See Remarks, Wood Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Resale
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Available, Separate Meters, Water Available
Community & HOA
Community
- Features: Other, Curbs, Sidewalks
- Subdivision: Plaza Heights Add
HOA
- Has HOA: No
Location
- Region: Arlington
Financial & listing details
- Price per square foot: $1,244/sqft
- Tax assessed value: $328,000
- Annual tax amount: $7,171
- Date on market: 4/11/2026
- Cumulative days on market: 150 days
- Listing terms: Cash,Conventional,1031 Exchange,Submit
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Price change | $2,800,000-9.7%$1,244/sqft |
Source: NTREIS #21236538 Report a problem | ||
| 4/11/2026 | Listed for sale | $3,100,000+484.9%$1,378/sqft |
Source: NTREIS #21236538 Report a problem | ||
| 9/19/2023 | Listing removed | -- |
Source: NTREIS #20340636 Report a problem | ||
| 5/28/2023 | Listed for sale | $530,000+2.8%$236/sqft |
Source: NTREIS #20340636 Report a problem | ||
| 4/5/2023 | Listing removed | -- |
Source: NTREIS #20231900 Report a problem | ||
| 2/14/2023 | Price change | $515,500-4.5%$229/sqft |
Source: NTREIS #20231900 Report a problem | ||
| 1/5/2023 | Listed for sale | $540,000$240/sqft |
Source: NTREIS #20231900 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,171 -6.3% | $328,000 -6.3% |
| 2024 | $7,650 +3.3% | $350,000 +4.3% |
| 2023 | $7,407 +750.9% | $335,665 +859% |
| 2022 | $870 | $35,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: East
Nearby schools
Schools provided by the listing agent
- Elementary: Johns
- Middle: Workman
- High: Sam Houston
- District: Arlington ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
