$617,500
$622,500
0.8%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
2,624 SqFt
SOLD DATE : 08/21/2026
Key Details
Sold Price $617,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,624 sqft
Price per Sqft $235
Subdivision Rainbow Estates
MLS Listing ID 10177740
Sold Date 08/21/26
Bedrooms 5
Full Baths 2
Half Baths 2
HOA Y/N No
Year Built 1973
Annual Tax Amount $5,250
Lot Size 0.390 Acres
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP


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






