www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31802619
31802621

1609 Mignon Dr, Arlington, TX 76010

AM
790917
Only 1 Realty Group
Listed by Only 1 Realty Group
$3,100,000
61 days on market
Updated 61 days ago

Mignon

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 18,000
Units 8
Beds 24
Cap Rate 5.48%
NOI $170,000
Occupancy 87%
Price per SqFt $172
Class A
Year Built 2022
Buildings 8
Stories 3
Acreage 0.800
Zoning Townhouse/Rowhouse
Parking Spaces 2 per unit
Investment Type Sale/Leaseback
Ground Lease No
Sale Condition For sale by owner

High-performing 8-unit portfolio offers a rare turn-key opportunity for investors

Marketing description

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 Contacts

AM
790917
Only 1 Realty Group
Listed by Only 1 Realty Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,000.00
$14,166.67/mo

Valuation Metrics

0
DSCR
5.48%
Cap Rate
5.48%
ROI

Map

Zoning

Intelligence Badge
RMF-22 ResidentialMulti FamilyResidential Multifamily 22
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 57 uses
View all 57 uses
Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591