1609 Mignon Drive, Arlington

$3,100,000

24 Beds
24.8 Baths
.07 Acres
16 Garages

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.

Essential Information
MLS® #21236538
Price$3,100,000
Bedrooms24
Bathrooms24.80
Full Baths24
Half Baths8
Acres0.07
Year Built2022
TypeResidential Income
Sub-TypeMulti Family
StatusActive
Community Information
Address1609 Mignon Drive
SubdivisionPlaza Heights Add
CityArlington
CountyTarrant
StateTX
Zip Code76010-4701
Community Features
Community FeaturesSidewalks, Other
Garage
# of Garages16
Parking Features
Parking Spaces16
Parking FeaturesAdditional Parking, Driveway
Interior Features

Decorative Lighting, Double Vanity, Kitchen Island, Open Floorplan, Walk-In Closet(s), Multiple Staircases, Second Primary Bedroom

Flooring
FlooringCarpet, Laminate
Exterior Other
RoofShingle
ConstructionRock/Stone, Wood, See Remarks
FoundationSlab
Utilities

City Sewer, City Water, Curbs, Electricity Connected, Individual Water Meter, Sidewalk

Heating / Cooling
Heating/CoolingCentral, Electric
School Information
DistrictArlington ISD
ElementaryJohns
HighSam Houston
Listing Details
AgentAlejandro Martinez Cansino
Office Contact214-560-0422
Office

Only 1 Realty Group North Dallas

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Listing information last updated on May 16th, 2026 at 12:03pm CDT.