About This Home

This 42-bedroom, -bathroom residential multi family at 3712 Mineral Mill in Raleigh, NC is listed for $5,650,000 ($200 per sqft). Built in 2026, the home offers 28,224 sqft of living space on a N/A lot.

Key Features

  • Built in 2026
  • 3 stories

Property Details

3 stories
42 full, 21 half
14-car garage
2026

Amenities

A/C
Listing Description

Mitchell Mill offers a rare opportunity to acquire a full 14-unit, new-construction townhome community in North Raleigh. Adjacent land may also be included for an amenity area, guest parking, or future expansion of up to four additional units. Leasing began in July, and three units are already leased through summer 2027 at $2,100, $2,195, and $2,295 per month, with additional inquiries continuing to come in.

Each three-level townhome features three bedrooms, a flexible loft, open living areas, a private deck, second-floor laundry, generous storage, a spacious primary suite, and a one-car garage. Conveniently located near I-540, Mitchell Mill provides easy access to Downtown Raleigh, RTP, shopping, dining, and nearby greenways. With strong early leasing activity, new-construction quality, and expansion potential, the community presents a compelling investment opportunity.

Monthly Cost Estimate

$30,407/mo

20% down · 6.5% · 30 years

Principal$4,086
Interest$24,483
Insurance$1,648
HOA$190

Estimates only. Actual payments may vary.

Location

3712 Mineral Mill

Raleigh, NC 27616

Mitchell Mill

Features & Amenities

Interior Features

Bathtub/Shower CombinationCeiling Fan(s)Entrance FoyerKitchen IslandKitchen/Dining Room CombinationLow Flow Plumbing FixturesOpen FloorplanPantryShower OnlySmooth CeilingsStorageWalk-In Closet(s)Walk-In Shower

Exterior Features

Rain Gutters

Property Details

Flooring

TileVinylCarpet

Construction

Fiber Cement

Outdoor Features

Deck

Parking

Garage

Heating

CentralForced Air

Cooling

Central Air

Appliances

DishwasherFree-Standing RangeMicrowavePlumbed For Ice MakerWater Heater

Questions & Answers

This 42-bedroom, null-bathroom residential multi family at 3712 Mineral Mill is listed at $5,650,000 ($200/sqft). The estimated monthly payment is $30,407 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $190/month.

Key features include: Built in 2026, 3 stories. Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Entrance Foyer. Exterior Features: Rain Gutters.

This property is listed by Johnny Chappell and can be reached at 9197372247.

JC

Johnny Chappell

Agent at Compass North Carolina

(919) 737-2247
Agent website

Listed by Compass North Carolina · Broker phone: (212) 913-9058 · View on Broker Site · Broker website

MLS# 10156846· Source: Doorify MLS· 105 days on PropertySimple

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3712 Mineral Mill, Raleigh, NC 27616

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