$615,000
$615,000
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2 Beds
3 Baths
2,456 SqFt
SOLD DATE : 06/22/2026
Key Details
Sold Price $615,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,456 sqft
Price per Sqft $250
Subdivision Rainbow Estates
MLS Listing ID 10157549
Sold Date 06/22/26
Bedrooms 2
Full Baths 2
Half Baths 1
HOA Y/N No
Year Built 1973
Annual Tax Amount $5,133
Lot Size 2,456 Sqft
Acres 0.28
Property Sub-Type Duplex
Source Doorify MLS
Land Area 2456
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
Community Rainbow Estates
Area 0.28
Zoning TRP
Interior
Cooling Central Air
Flooring Carpet, Linoleum, Luxury Vinyl
Fireplace No
Exterior
Parking Features Concrete, Open
Roof Type Shingle
Garage No
Building
Story Two
Foundation Slab
Water Public
New Construction No
Others
Tax ID 076420826307000 0083003
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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