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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Listed by Compass -- Cary

$617,500

$622,500

0.8%
Est.Price: ?

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Est. payment /mo

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

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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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