8-Unit Multifamily
For Sale
$3,100,000
1601-1617 Mignon Drive, Arlington, TX 76010
Eight-unit portfolio built in 2022, with 7 of 8 units currently leased and offered for sale.
Property Size2,250 SF
Price / SF$1,377
Days on Market123
Property Features for 1601-1617 Mignon Drive
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
16
Property subtype
Multi-Family / Multiple Single Units
Occupancy
88%
Additional Details
Cap Rate
5.48%
Multifamily Units
8
Amenities
Ceiling Fan(s), Central Air, Electric
Central, Electric
No
Carpet, Laminate
Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Decorative Lighting, Double Vanity, Kitchen Island, Multiple Staircases, Open Floorplan, Walk-In Closet(s), Second Primary Bedroom
Shingle
Three Or More
3
Slab
Public Records
8
Rock/Stone, Wood, See Remarks
Front Porch
Building Details
Year Built
2022
Buildings
8
Listing Agency:
Only 1 Realty Group North Dallas
(626) 646-7677
Listed By:
Alejandro Martinez Cansino · License #0790917
(626) 646-7677
Source:
Compass
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 5:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Only 1 Realty Group North Dallas
Investment Insights
Based on property information with market context.
This for-sale 8-unit multifamily portfolio was built in 2022 and is positioned as a turn-key investment. The property is currently operating with 7 of 8 units leased, supporting immediate rental income while offering the opportunity to pursue full occupancy.
The portfolio is located at 1601–1617 Mignon Drive in Arlington, Texas.
Because the building is relatively new, the asset is described as featuring nearly new systems and premium finishes, supporting low-maintenance ownership. With eight residential units on-site, it provides straightforward portfolio-level exposure for investors seeking a modern, income-producing property.
The portfolio is located at 1601–1617 Mignon Drive in Arlington, Texas.
Because the building is relatively new, the asset is described as featuring nearly new systems and premium finishes, supporting low-maintenance ownership. With eight residential units on-site, it provides straightforward portfolio-level exposure for investors seeking a modern, income-producing property.
Key Highlights
- 8‑unit portfolio built in 2022 (3+ stories) with front porch and slab foundation
- Currently 7 of 8 units are leased, supporting immediate income potential with full occupancy as the next step
- Cooling and heating include central air, ceiling fans, and central electric systems
Property Analytics
Current Use
Lease Details
8
Residential units
87.5%
Occupancy
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 76010, TX
55,894
Population
20,508
Households
2.7
Avg Household Size
29
Median Age
13%
College-Educated
65%
High-School Grad
8.8 sq mi
ZIP Area
6,352
Density / Sq Mi
$43,811
Median Household Income
$31,236
Median Earnings
$1,223
Median Rent
$199,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit portfolio built in 2022, with 7 of 8 units currently leased and offered for sale.
Where is this apartment building located?
The property is located at 1601-1617 Mignon Drive Arlington, TX.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 8‑unit portfolio built in 2022 (3+ stories) with front porch and slab foundation; Currently 7 of 8 units are leased, supporting immediate income potential with full occupancy as the next step; Cooling and heating include central air, ceiling fans, and central electric systems
