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1609 Mignon Drive

Arlington, TX 76010

$2,800,000

8 units · 2022

Units8
Building area2,250 sq ft
Year built2022
Gross income$247,200/yr
Cap rate6.07% as listed
Parking16 spaces
Lot size0.073 acres
TypeResidential Income

What it costs to own

Taxes$7,171 per year
HOANone listed
Operating expenses$77,200 per year — as listed
Insurance$19,600 per year — as listed
Net operating income$170,000 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

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.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringCarpet, Laminate
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
Interior featuresDecorative Lighting, Double Vanity, Kitchen Island, Multiple Staircases, Open Floorplan, Walk-In Closet(s)
Bathrooms24 full · 8 half

Construction materialsRock/Stone, Wood, See Remarks
RoofShingle
FoundationSlab

Water sourceCity Water, Individual Water Meter
SewerCity Sewer
ElectricElectricity Connected

SubdivisionPlaza Heights Add
Community featuresSidewalks, Other

ElementaryJohns
Middle schoolWorkman
High schoolSam Houston
DistrictArlington ISD

Gross income$247,200 per year
Operating expenses$77,200 per year
Operating includesGardener, Insurance, Maintenance, Professional Management
Insurance$19,600 per year
Cap rate6.07% — as listed
Net operating income$170,000 per year

MLS #21236538
Source
Price changeReduced by $300,000 · Aug 28, 2026
On the market139 days
CountyTarrant

Around this home

One moment…

Everyday life

Nearest groceryElrod's Cost Plus Foods · 0.1 mi
Nearest parkSenior Center Park · 0.2 mi

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Listing courtesy of Only 1 Realty Group North Dallas — Alejandro Martinez Cansino.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21236538. Information last updated August 28, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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