109 Rainbow, Cary, NC 27511
109 Rainbow, Cary, NC 27511
109 Rainbow, Cary, NC 27511
109 Rainbow, Cary, NC 27511
109 Rainbow, Cary, NC 27511
109 Rainbow, Cary, NC 27511
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Listed by Compass -- Cary

$615,000

$615,000

Est.Price: ?

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Est. payment /mo

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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Doorify MLS
NEARBY SCHOOLS & BUSINESSES
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

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