1609 Mignon Dr Arlington, TX 76010
East Arlington NeighborhoodEstimated payment $17,342/month
Total Views
30,478
24
Beds
32
Baths
2,250
Sq Ft
$1,378
Price per Sq Ft
Highlights
- Two Primary Bedrooms
- Dual Staircase
- 16 Car Attached Garage
- Open Floorplan
- Front Porch
- Double Vanity
About This Home
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.
Listing Agent
Only 1 Realty Group North Dallas Brokerage Phone: 214-560-0422 License #0790917 Listed on: 04/11/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,171
Year Built
- Built in 2022
Parking
- 16 Car Attached Garage
- Driveway
- Additional Parking
Home Design
- Slab Foundation
- Shingle Roof
- Wood Siding
Interior Spaces
- 3-Story Property
- Open Floorplan
- Dual Staircase
- Ceiling Fan
- Decorative Lighting
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 24 Bedrooms
- Double Master Bedroom
- Walk-In Closet
- Double Vanity
Schools
- Johns Elementary School
- Sam Houston High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Additional Features
- Front Porch
- 3,180 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 42765810
- Tax Block 13
Community Details
Overview
- 8 Buildings
- 8 Units
- 2,250 Sq Ft Building
- Plaza Heights Add Subdivision
Building Details
- Gross Income $247,200
- Net Operating Income $170,000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,171 | $328,000 | $50,000 | $278,000 |
| 2024 | $7,650 | $350,000 | $50,000 | $300,000 |
| 2023 | $7,407 | $335,665 | $50,000 | $285,665 |
| 2022 | $870 | $0 | $0 | $0 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/11/2026 04/11/26 | For Sale | $3,100,000 | 0.0% | $1,378 / Sq Ft |
| 09/18/2023 09/18/23 | Rented | $2,500 | 0.0% | -- |
| 09/18/2023 09/18/23 | Under Contract | -- | -- | -- |
| 09/06/2023 09/06/23 | Price Changed | $2,500 | -7.4% | $1 / Sq Ft |
| 06/27/2023 06/27/23 | Price Changed | $2,700 | -3.6% | $1 / Sq Ft |
| 06/16/2023 06/16/23 | Price Changed | $2,800 | -6.7% | $1 / Sq Ft |
| 05/21/2023 05/21/23 | Price Changed | $3,000 | -10.4% | $1 / Sq Ft |
| 05/12/2023 05/12/23 | Price Changed | $3,350 | -4.3% | $1 / Sq Ft |
| 04/12/2023 04/12/23 | For Rent | $3,500 | -- | -- |
Source: North Texas Real Estate Information Systems (NTREIS)
About the Listing Agent
I’m a bilingual, full-time Realtor with over 11 years of experience, focused on one thing: helping you make the right decisions—not just closing a deal.
Anyone can sell a house. What I do is different. I guide my clients based on real market conditions, the area, your goals, and—most importantly—your long-term vision. Real estate is not a quick transaction, it’s a strategy.
I’m known for being direct and honest. I’m not a “yes agent,” and I won’t sell you dreams just to close fast. If
Alejandro's Other Listings
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21236538
APN: 42765810
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved
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