1609 Mignon Drive

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.

Schools

Elementary

Johns

Middle

Workman

High

Sam Houston

School assignments per NTREIS. Confirm current attendance zones with the district before relying on them.

Property details

MLS #

21236538

Property Type

Multi-Family / Income

Status

For Sale

Bathrooms

24 full, 8 half

County

Tarrant

Subdivision

Plaza Heights Add

Lot Size

3,179.88 sqft

Garage

16-car

HOA Dues

None

Annual Taxes

$7,171

Days on Market

139 days

Listed

Apr 11, 2026

Price per Sqft

Not listed