Bundled Townhome Portfolio for
3712 Mineral Mill Raleigh, NC 27616
3712 Mineral Mill, Raleigh, NC, 27616
$5,750,000
For Sale
$5,750,000
MULTI_FAMILY - Raleigh, NC
Property Size28,224 SF
Price / SF$203.73
Days on Market108
Property Features for 3712 Mineral Mill
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R-4
- Bedrooms
- 42
- Bathrooms
- 53
- Rooms
- Bathroom 8, Bedroom 42, Bathroom 5, Bathroom 48, Bedroom 36, Bathroom 21, Bathroom 49, Bathroom 25, Bathroom 37, Bathroom 11, Bathroom 35, Bathroom 4, Bedroom 28, Bedroom 41, Bathroom 61, Bathroom 50, Bathroom 31, Bedroom 31, Bedroom 37, Bedroom 25, Bedroom 1, Bedroom 26, Bedroom 11, Bathroom 14, Bathroom 44, Laundry Room, Bathroom 6, Bedroom 23, Bathroom 20, Bathroom 55, Bathroom 41, Bathroom 36, Bedroom 24, Bathroom 58, Bedroom 17, Bathroom 53, Bedroom 22, Bathroom 46, Bathroom 12, Bedroom 16, Bathroom 47, Bathroom 1, Bedroom 29, Bathroom 60, Bathroom 38, Bedroom 32, Bathroom 28, Bathroom 29, Bedroom 40, Bathroom 57, Bedroom 3, Bathroom 32, Bedroom 38, Bedroom 8, Bathroom 10, Bathroom 27, Dining Room, Bathroom 30, Bathroom 52, Bathroom 7, Bedroom 9, Bathroom 51, Bedroom 39, Bathroom 42, Bathroom 22, Bedroom 15, Bathroom 3, Bathroom 9, Bedroom 7, Bedroom 21, Bathroom 16, Bedroom 27, Bathroom 2, Bathroom 63, Bathroom 13, Bedroom 2, Bedroom 14, Bathroom 59, Bathroom 34, Bathroom 18, Bedroom 20, Bedroom 13, Bathroom 24, Bathroom 56, Bathroom 17, Bedroom 12, Bathroom 39, Bedroom 10, Bathroom 43, Bedroom 18, Bathroom 62, Bathroom 26, Bedroom 5, Bathroom 40, Bathroom 19, Bathroom 23, Bedroom 19, Bedroom 34, Bedroom 30, Bedroom 33, Bedroom 6, Bedroom 4, Bedroom 35, Bathroom 45, Bathroom 15, Bathroom 54, Bathroom 33
- Parking features
- Garage
- Vegetation
- Grassed
- Patio and Porch features
- Deck
- Interior features
- 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
- Exterior features
- Rain Gutters
- Appliances
- Dishwasher, Free-Standing Range, Microwave, Plumbed For Ice Maker, Water Heater
- Standard status
- Active
- APN
- See Tax Records
- Size
- 28,224 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Lo1-14 Mitchell Mill Townhomes Bm2025-711
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 3
- Number of units
- 14
- Flooring type
- Carpet, Vinyl, Tile
- Building materials
- Fiber Cement
- Roof type
- Shingle, Metal
- Additional Structures
- Storage
Listing Agency
Compass -- Raleigh
(919) 726-6548
3800 Glenwood Avenue Suite 150, Raleigh, NC
Listed by
Johnny Chappell · License #267248
(919) 737-2247
Added: Apr 1 Checked: Jul 17 at 12:06 pm
MLS# 10156846
Listing URL
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.
Investment Insights
Based on property information with market context.
This offering is a package sale of multiple three-level townhome residences at Mitchell Mill. The homes feature three-bedroom layouts with an upper-level loft that can serve as an additional living space for a home office, fitness room, or media area. Interior living is described as open-concept on the main floor, with private bedroom suites and upper-level retreats. Day-to-day convenience is supported by second-floor laundry, built-in storage, and primary suites that include double vanities and walk-in closets. Each unit includes an outdoor deck for additional usable space and a one-car garage for secure parking and storage. The portfolio is presented as move-in-ready, with a total property size of 28,224 square feet, and it is zoned R-4.
The property is located at 3712 Mineral Mill in Raleigh, NC 27616 within Wake County. The community is described as set in a quieter pocket with nearby trails and greenways. The remarks also note quick access to I-540 for connectivity across the Triangle area.
For buyers seeking a bundled acquisition, this portfolio format provides a single-purchase pathway to acquire multiple newly constructed townhomes together. The consistent three-bedroom, multi-level plan—with decks, garages, and dedicated loft space—may appeal to owner-occupants and rental operators looking for a flexible layout that can support work-from-home needs, additional recreation space, or evolving household uses.
The property is located at 3712 Mineral Mill in Raleigh, NC 27616 within Wake County. The community is described as set in a quieter pocket with nearby trails and greenways. The remarks also note quick access to I-540 for connectivity across the Triangle area.
For buyers seeking a bundled acquisition, this portfolio format provides a single-purchase pathway to acquire multiple newly constructed townhomes together. The consistent three-bedroom, multi-level plan—with decks, garages, and dedicated loft space—may appeal to owner-occupants and rental operators looking for a flexible layout that can support work-from-home needs, additional recreation space, or evolving household uses.
Key Highlights
- Townhome residences at Mitchell Mill offered as a bundled portfolio of new construction homes in a single purchase
- Under construction with an expected Year Built of 2026 (new builds)
- Three‑level layouts with open floorplan and kitchen/dining room combination, plus kitchen island and pantry
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $558.8k | $19.80 |
| − Vacancy | −$33.5k | −$1.19 |
| EGI | $525.3k | $18.61 |
| − OpEx | −$236.4k | −$8.38 |
| NOI | $288.9k | $10.24 |
28,224 SF · lease $19.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.13M
$3.61M – $4.82M
NOI $288,918 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.06M
$7.05M – $9.40M
NOI $564,106 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Bundled three-bedroom townhomes with decks and one-car garages offered as a single purchase.
Where is this apartment building located?
The property is located at 3712 Mineral Mill Raleigh, NC.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Townhome residences at Mitchell Mill offered as a bundled portfolio of new construction homes in a single purchase; Under construction with an expected Year Built of 2026 (new builds); Three‑level layouts with open floorplan and kitchen/dining room combination, plus kitchen island and pantry
