Date
Details
Price
Change
Source
4/11/2026
Listed
$3,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/20
$3,100,000 Just Listed
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1/20
Property 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.
Full Property Details
Full Property Details for 1601 Mignon Dr
General
- Price: $3,100,000
- Taxes: $7,171
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21236538
- Updated: 4/12/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, Double Vanity, Kitchen Island, Multiple Master Suites, Multiple Staircases, Open Floorplan, Walk-In Closet(s)
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 32
- Full Bathrooms: 24
- Half Bathrooms: 8
Bedrooms
- Total Bedrooms: 24
Exterior
- Porch/Patio/Deck: Front Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 16
- Total Spaces: 16
- Parking Features: Additional Parking, Driveway
Location
- County: Tarrant
- Subdivision: Plaza Heights Add
- Driving Directions: Turn right onto E Park Row Dr, Turn left onto New York Ave, Turn left onto Kimberly Dr, Turn right
School Information
- Elem School District: Arlington ISD
- Midd School District: Arlington ISD
- High School District: Arlington ISD
- Elementary School: Johns
- High School: Sam Houston
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Available, Separate Meters, Water Available
Structural Information
- # Buildings: 8
- Detached/Attached: Detached
- Construction: Rock, Stone, See Remarks, Wood Siding
- Roof: Shingle
- Square Feet: 2,250
- Sq. Ft. Source: Public Records
- Year Built: 2022
Lot Features
- Lot Size (Acres): 0.073
- Lot Size (Sq. Ft.): 3,179.88
- Lot Size Source: Builder
- Lot Dimensions: .8
- Sidewalks: Yes
Financial Considerations
- Tax Amount: $7,171
- Terms: Cash, Conventional, 1031 Exchange, Submit
Disclosures and Reports
- Legal Description: PLAZA HEIGHTS ADDITION BLOCK 13 LOT 2AR4
- Property ID: 42765810
- Block: 13
Listed by Only 1 Realty Group North Dallas, Alejandro Martinez Cansino
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 1601 Mignon Dr —
Alejandro Martinez Cansino
Only 1 Realty Group North Dallas
214-560-0422
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1601 Mignon Dr
School District:Arlington Independent School District
| Name | Grades | Distance |
|---|---|---|
Johns Elementary School 1900 Sherry Street, Arlington, TX 76010 | K-6 | 0.5 mi |
Workman Junior High School 701 East Arbrook Boulevard, Arlington, TX 76014 | 7-8 | 2.7 mi |
Sam Houston High School 2000 Sam Houston Drive, Arlington, TX 76014 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1601 Mignon Dr
Tax History
Tax History for 1601 Mignon Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,650
3%
$328,000
-6%
2023
$7,407
—
$350,000
4%
2023
$7,407
751%
$335,665
100%
2022
$870
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1601 Mignon Dr
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- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 4Total Baths
1601 Mignon Drive, Arlington, TX 76010 (MLS# 21236538) is a Multi-Family property with 8 units containing 24 bedrooms, 24 full bathrooms and 8 partial bathrooms. 1601 Mignon Drive is currently listed for $3,100,000 and was received on April 11, 2026. Want to learn more about 1601 Mignon Drive? Do you have questions about finding other Multi-Family real estate for sale in Arlington? You can browse all Arlington real estate or contact a Coldwell Banker agent to request more information.