Agent profile image in chat bubble
Agent profile image in chat header

Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

Agent profile image in message

3712 Mineral Mill , Raleigh, NC 27616
$5,650,000
Est. Payment: $31,753.19/mo
42 Bed
63 Bath
28224 Sqft
Status: active | Days on site: 196
Get Pre-Qualified
75688 - 81566,87226
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Terri Bias, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
Agent profile image
Terri Bias
Operator/Brokerage Owner

House 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.

Highlights

Listed by Johnny Chappell , and Maggie Sparling , Compass -- Raleigh , Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

HOA Fee

190 Monthly

Year Built

2026

County

Wake

Neighborhood

Mitchell Mill

Listing ID

10156846

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:42
  • ▪ Bathrooms:63
  • ▪ Full Bathrooms:42
  • ▪ 1/2 Bathrooms:21
Appliances:Dishwasher, Free-Standing Range, Microwave, Plumbed For Ice Maker, Water Heater
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Luxury Vinyl,Tile
Above Ground Sq Ft:28224
Other:
  • ▪ Additional: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
Water:Public

Exterior Features

Lot:Landscaped
Zoning:R-4
Roof:Metal,Shingle
Others:
  • ▪ Additional:Rain Gutters, Deck
Sewer:Public Sewer
Parking Features:Attached,Garage Faces Front,Kitchen Level,14 Car Garage,Garage,Attached Garage
Principal Interest
$31,753
Taxes
$3,602
HOA
$190

Home Price

$5,650,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$1,130,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$31,753.19

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $31,753.19 $3,601.88 $190.00 $35,545.07
Yearly $381,038.31 $43,222.50 $2,280.00 $426,540.81
Total $11,431,149.21 $1,296,675.00 $68,400.00 $12,796,224.21

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Oct 2026

Average Price

All Price Ranges
N/A
Oct 2026

Average Days on Market

All Price Ranges
N/A
Oct 2026
Market insight data is pulled from the same city as the listing being viewed (Raleigh, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-10-14T17:52:00.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina