3712 Mineral Mill Raleigh, NC $ 5,650,000
3712 Mineral Mill
$ 5,650,000
New Construction
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3712 Mineral Mill

Raleigh, NC, 27616
$ 5,650,000
Bedrooms42 Baths42.21 Sq 28,224

Monthly Estimate*

$ 39,023

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Multi-Family Home for sale in Raleigh, NC

for $5,650,000 with 42 bedrooms and 42 full baths, 21 half baths. This 28,224 square foot home was built in 2026.

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.

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Multi-Family Active

Price

$ 5,650,000

Bedrooms

42

Full Bath

42

Half Bath

21

Property Type

Multi-Family

Taxes

$ 0

Style

Contemporary

Year Built

2026

Town/City

Raleigh

County/Region

Wake

MLS | Web ID

10156846

Features
General
Sewer Public Sewer
Heating Central Forced Air
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Roof Metal Shingle
Appliances Dishwasher Free-Standing Range Microwave Plumbed For Ice Maker Water Heater
Zoning R-4
HOA Fee 190
Garage Spaces 14
Association Fee Includes Maintenance Grounds Storm Water Maintenance
Patio/Porch Features Deck
Architectural Style Contemporary
Pool Features None
Construction Materials Fiber Cement
Year Built 2026
View Neighborhood
Stories Count 3
Levels Three Or More
Property Subtype Townhouse
Community Features Sidewalks Street Lights
Assoc Fee Paid Per Monthly
County Wake
New Construction true
Property Type Residential Income
Association Amenities Landscaping Maintenance Grounds
HOA true
Attached Garage true
Energy Efficient Appliances Lighting Thermostat
Subdivision Name Mitchell Mill
Garage Y/N true
Other Structures None
Full Baths 42
Status Active
Directions 401 N to Right onto Mitchell Mill Rd Development on the Right
High School Wake - Rolesville High School
City Raleigh
Lot Size Square Feet 0
Elementary School Wake - Harris Creek Elementary
Tax Annual Amount 0
Middle/Junior High School Wake - Rolesville Middle School
Virtual Tour https://player.vimeo.com/progressive_redirect/playback/1189819113/rendition/2160p/file.mp4%20%282160p%29.mp4?loc=external&log_user=0&signature=6e300609e1d8b777117b6ada1716d7dc8ec7b43d7803f62b58139206eb48de8f
Structure Type Townhouse
Standard Status Active
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Interior
Interior Amenities Bathtub/Shower Combination Ceiling Fan(s) Entrance Foyer Kitchen Island Kitchen/Dining Room Combination Low Flow Plumbing Fixtures Open Floorplan Pantry Shower Only Smooth Ceilings Storage Walk-In Closet(s) Walk-In Shower
Flooring Carpet Luxury Vinyl Tile
Common Walls 1 Common Wall 2+ Common Walls End Unit No One Above No One Below
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 28224
Half Baths 21
Laundry Features Electric Dryer Hookup Laundry Room Sink Upper Level Washer Hookup
Total Bedrooms 42
Below Grade Finished Area 0
Above Grade Finished Area Source Builder
Total Baths 63
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Exterior
Exterior Amenities Rain Gutters
Fencing None
Parking Features Attached Garage Faces Front Kitchen Level
Lot Features Landscaped
Water Source Public
Foundation Details Slab
Building Area Total 28224
Lot Size Acres 0
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* Excluded Features
List By
Johnny Chappell

Listing Agent

Compass -- Raleigh

Broker

johnny@chappellres.com

Email

Affordability Calculator

$39,023
Per Month
100%
0%
0%
Monthly Principal & Interest
$39,023
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Wake - Rolesville High School High School High School
Pricing History
DatePricePrice ChangeDescription
10/2/2026$5,650,000 -0.88% Price Down
8/26/2026$5,700,000 Listed Price

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3712 Mineral Mill, Raleigh, NC, 27616 is a Multi-Family Home for sale at $5,650,000 with 28,224 sqft. 3712 Mineral Mill has 42 bedrooms, 42.21 baths, and was built in 2026. The property's zip code is 27616 which is in Raleigh, NC