128 Rainbow CT, Cary, NC 27511
128 Rainbow CT, Cary, NC 27511
128 Rainbow CT, Cary, NC 27511
128 Rainbow CT, Cary, NC 27511
128 Rainbow CT, Cary, NC 27511
128 Rainbow CT, Cary, NC 27511
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Bill Nagel

Bill Nagel

+1(919) 434-6923
Listed by Compass -- Cary
$ 622,500
Est. payment | /mo

5 Beds

4 Baths

2,624 SqFt

Save
$ 622,500
Est. payment | /mo
Save

5 Beds

4 Baths

2,624 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,624 sqft

Price per Sqft $237

Subdivision Rainbow Estates

MLS Listing ID 10177740

Bedrooms 5

Full Baths 2

Half Baths 2

HOA Y/N No

Year Built 1973

Annual Tax Amount $5,250

Lot Size 2,624 Sqft

Acres 0.39

Property Sub-Type Duplex

Source Doorify MLS

Land Area 2624

Property Description

Exceptional investment opportunity in the heart of Cary. 128 & 130 Rainbow Court offers a well-maintained duplex just minutes from Downtown Cary, providing investors with immediate cash flow and long-term upside in one of the Triangle's most sought-after locations. Both units are currently leased, with leases in place through March 2027 and June 2027, creating stable, predictable income from day one. The property features two spacious residences with private entrances, dedicated parking, and strong rental appeal driven by the area's continued growth and demand. Located less than two miles from Downtown Cary Park, residents enjoy easy access to award-winning restaurants, local breweries, shopping, entertainment, and community events. The property is also conveniently located near Fenton, WakeMed Soccer Park, major employment centers, and commuter routes including US-1, I-40, and NC-540. Whether you're looking to expand your portfolio with a turnkey asset or secure a long-term hold in a premier Cary location, 128 & 130 Rainbow Court presents a rare opportunity to acquire an income-producing property with established tenants and excellent proximity to everything Cary has to offer.

Location

State NC

County Wake

Community Rainbow Estates

Area 0.39

Zoning TRP

Interior

Cooling Central Air

Flooring Carpet, Linoleum, Luxury Vinyl

Fireplace No

Exterior

Parking Features On Site

Roof Type Shingle

Garage No

Building

Story Two

Water Public

New Construction No

Schools

Elementary Schools Wake - Cary Elementary

Middle Schools Wake - East Cary Middle

High Schools Wake - Cary High

Others

Tax ID 0764814829

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Doorify MLS

Schools and Properties Nearby

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Bill Nagel
Bill Nagel

Agent | License ID: 355020

+1(919) 434-6923 | bill@bliss-realestate.com

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128 Rainbow CT