About 1609 Mignon Drive
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.
Price Change History
| Date | Details | Price |
|---|---|---|
| Aug 28, 2026 | Price Reduced from $3,100,000 to $2,800,000 | $2,800,000 |
Features of 1609 Mignon Drive
| MLS® # | 21236538 |
|---|---|
| Price | $2,800,000 |
| Bedrooms | 24 |
| Bathrooms | 24.80 |
| Full Baths | 24 |
| Half Baths | 8 |
| Acres | 0.07 |
| Year Built | 2022 |
| Type | Residential Income |
| Sub-Type | Multiple Single Units |
| Status | Active |
Community Information
| Address | 1609 Mignon Drive |
|---|---|
| Subdivision | Plaza Heights Add |
| City | Arlington |
| County | Tarrant |
| State | Texas |
| Zip Code | 76010-4701 |
Amenities
| Utilities | City Sewer, City Water, Curbs, Electricity Connected, Individual Water Meter, Sidewalk |
|---|---|
| Features | Sidewalks, Other |
| Parking Spaces | 16 |
| # of Garages | 16 |
| Garages | Additional Parking, Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Decorative Lighting, Double Vanity, Kitchen Island, Multiple Staircases, Open Floorplan, Walk-In Closet(s), Second Primary Bedroom |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Rock/Stone, Wood, See Remarks |
| Foundation | Slab |
School Information
| District | Arlington ISD |
|---|---|
| Elementary | Johns |
| High | Sam Houston |
Additional Information
| Date Listed | April 11th, 2026 |
|---|---|
| Days on Market | 157 |
Listing Details
| Agent | Alejandro Martinez Cansino |
|---|---|
| Office | Only 1 Realty Group North Dallas |
| Contact Info | 214-560-0422 |