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Days1161Days on Market
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$3,100,000

1609 Mignon Dr, Arlington, TX, 76010

On MarketInfo
CommercialInfo
Beds24 Beds
Baths32 Bath
Baths2,250 Sq Ft
Multi FamilyMulti Family
price_per_sqft$1.12 / sqft
Year BuiltBuilt in 2022

Highlights

Interior

Bedrooms 24Bedrooms 24
Bathrooms Full 4Bathrooms Full 4
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Tile

Exterior

Lot Size3,180 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN32600-13-2AR4
Lot Number2AR4
SubdivisionPlaza Heights Addition
Land UseResidential
Legal DescriptionPLAZA HEIGHTS ADDITION BLOCK 13 LOT 2AR4
Census Tract121906
Assessed Land Value$50,000
Assessed Improvement Value$278,000
Assessment Year2025

About this property

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.

Investor Tools

Property Icon
$328,000
Estimated Property Value
$360,000Estimated Mortgage Balance
$0Estimated Equity
-10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$18,600 /month
Positive
Cash Flow Estimate:
$6,200 /month

Interested in this property?

Alejandro Martinez Cansino

eXp Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$774/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,650
$328,000
2025
$50,000
$278,000
$328,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,650
$328,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Building Or Construction Loan
$1,702,740
No
First
Jun 24, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,918,331
N/A
0%
585%
$12,368/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Arlington

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1609 Mignon Dr | Property Details | No Agent List