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3824 Mitchell Mill Rd - Mitchell Mill - 14 unit new construction 14 Unit Apartment Building Offered at $8,253,544 CAD Raleigh, NC 27616
Executive Summary
Mitchell Mill presents a rare opportunity to acquire a full 14-unit, new-construction townhome community in North Raleigh—an increasingly sought-after rental and for-sale submarket with strong connectivity and long-term growth fundamentals.
This craftsman-style collection is thoughtfully designed to appeal to today’s renter and homeowner alike, offering a highly functional three-level layout across all units. Each residence features three bedrooms, flexible loft space, open-concept main living areas, and private outdoor decks—delivering the space and versatility that drives consistent demand.
Interiors are built for durability and livability, with second-floor laundry, ample storage, spacious primary suites with walk-in closets and double vanities, and one-car garages for secure parking. The adaptable upper-level lofts provide added value, easily serving as home offices, media rooms, or additional living space—an increasingly important feature for modern tenants.
Strategically located in North Raleigh, Mitchell Mill benefits from immediate access to I-540, providing seamless connectivity to Downtown Raleigh, RTP, and surrounding employment hubs. The community is also proximate to everyday retail, dining, and outdoor amenities including nearby greenways and trail systems—enhancing long-term tenant appeal and retention.
With new construction quality, efficient layouts, and a location positioned for continued growth, Mitchell Mill offers investors a compelling opportunity for stable cash flow, strong lease-up potential, and long-term appreciation.
This craftsman-style collection is thoughtfully designed to appeal to today’s renter and homeowner alike, offering a highly functional three-level layout across all units. Each residence features three bedrooms, flexible loft space, open-concept main living areas, and private outdoor decks—delivering the space and versatility that drives consistent demand.
Interiors are built for durability and livability, with second-floor laundry, ample storage, spacious primary suites with walk-in closets and double vanities, and one-car garages for secure parking. The adaptable upper-level lofts provide added value, easily serving as home offices, media rooms, or additional living space—an increasingly important feature for modern tenants.
Strategically located in North Raleigh, Mitchell Mill benefits from immediate access to I-540, providing seamless connectivity to Downtown Raleigh, RTP, and surrounding employment hubs. The community is also proximate to everyday retail, dining, and outdoor amenities including nearby greenways and trail systems—enhancing long-term tenant appeal and retention.
With new construction quality, efficient layouts, and a location positioned for continued growth, Mitchell Mill offers investors a compelling opportunity for stable cash flow, strong lease-up potential, and long-term appreciation.
Property Facts
| Price | $8,253,544 CAD | Property Type | Multifamily |
| Price Per Unit | $589,539 CAD | Building Size | 28,224 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 14 | Year Built | 2026 |
| Price | $8,253,544 CAD |
| Price Per Unit | $589,539 CAD |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Building Size | 28,224 SF |
| No. Stories | 3 |
| Year Built | 2026 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Double Vanities
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Deck
- Dining Room
- Family Room
- Island Kitchen
- Pantry
- Porch
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 14 | - | 2,016 |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
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3824 Mitchell Mill Rd - Mitchell Mill - 14 unit new construction
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