109 Rainbow #109-111, Cary, NC 27511
109 Rainbow #109-111, Cary, NC 27511
109 Rainbow #109-111, Cary, NC 27511
109 Rainbow #109-111, Cary, NC 27511
109 Rainbow #109-111, Cary, NC 27511
109 Rainbow #109-111, Cary, NC 27511
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Listed by Compass -- Cary
$ 615,000
Est. payment | /mo

2 Beds

3 Baths

2,456 SqFt


Save
$ 615,000
Est. payment | /mo
Save

2 Beds

3 Baths

2,456 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,456 sqft

Price per Sqft $250

Subdivision Rainbow Estates

MLS Listing ID 10157549

Style Site Built

Bedrooms 2

Full Baths 2

Half Baths 1

HOA Y/N No

Abv Grd Liv Area 2,456

Year Built 1973

Annual Tax Amount $5,133

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Duplex

Source Triangle MLS

Property Description

Discover a rare and flexible investment opportunity in the heart of one of the Triangle's most dynamic and rapidly evolving areas. 109/111 Rainbow Court offers versatility that is increasingly difficult to find, whether you are an investor seeking immediate income or a buyer looking to live in one side while renting the other.

Located just minutes from Downtown Cary and the highly acclaimed Downtown Cary Park, this property sits directly in the path of continued growth and revitalization. The park has quickly become a centerpiece of the community, fueling new restaurants, retail, and energy throughout the area. As Downtown Cary continues to evolve, opportunities to own property this close to it are becoming more limited.

The duplex features a total of 5 bedrooms, 2 full bathrooms, and 2 half bathrooms across both units. One side offers a 3 bedroom, 1.5 bath layout, while the other provides a 2 bedroom, 1.5 bath layout. This setup creates flexibility for a variety of living or rental scenarios.

One unit is currently rented, providing immediate income, while the other is vacant and ready for occupancy. This creates an ideal situation for an owner occupant looking to offset their mortgage, or for an investor aiming to maximize rental potential from day one.

Opportunities like this are hard to find, especially in a location where growth, walkability, and long term upside all come together. Whether you are building your portfolio or planting roots with a smart strategy, Rainbow Court is a compelling opportunity worth a closer look.

Location

State NC

County Wake

Zoning TRP

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Linoleum, Vinyl

Exterior

View Y/N Yes

Roof Type Shingle

Private Pool No

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories 2

Structure Type Wood Siding

New Construction No

Others

Senior Community No

Tax ID 076420826307000 0083003

Special Listing Condition Seller Licensed Real Estate Professional

Doorify MLS / Triangle MLS

Schools and Properties Nearby

Bill Nagel

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(919) 434-6923

bill@bliss-realestate.com

115 Dry Ave, Cary, NC, 27511, USA

Learn More from Bill Nagel

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109 Rainbow #109-111