109 Rainbow #109-111, Cary, NC 27511
Local realty services provided by:CENTURY 21 Total Real Estate Solutions
109 Rainbow #109-111,Cary, NC 27511
$615,000
- 2 Beds
- 3 Baths
- 2,456 sq. ft.
- Multi-family
- Pending
Listed by: annette holt, davis holt
Office: compass -- cary
MLS#:10157549
Source:RD
Price summary
- Price:$615,000
- Price per sq. ft.:$250.41
About this home
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....
Contact an agent
Home facts
- Year built:1973
- Listing ID #:10157549
- Added:70 day(s) ago
- Updated:June 13, 2026 at 08:04 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Flooring:Carpet, Linoleum, Vinyl
- Living area:2,456 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1973
- Building area:2,456 sq. ft.
- Lot area:0.28 Acres
- Construction Materials:Wood Siding
- Foundation Description:Slab
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$615,000
- Price per sq. ft.:$250.41
- Tax amount:$5,133
Parking
- Parking description:Concrete
New listings near 109 Rainbow #109-111
- New
$649,999Active4 beds 3 baths2,307 sq. ft.209 Minden Lane, Cary, NC 27513
MLS# 10173896Listed by: LPT REALTY, LLC - Coming Soon
$565,000Coming Soon4 beds 3 baths915 Union Street, Cary, NC 27511
MLS# 10173882Listed by: COMPASS -- RALEIGH - New
$685,900Active4 beds 4 baths2,482 sq. ft.605 Carpenter Town Lane, Cary, NC 27519
MLS# 10173866Listed by: CHANTICLEER PROPERTIES LLC
$630,000Pending2 beds 2 baths1,762 sq. ft.116 Abbey View Way, Cary, NC 27519
MLS# 10173860Listed by: JORDAN LEE REAL ESTATE- Open Sat, 11am to 1pmNew
$1,125,000Active5 beds 3 baths3,042 sq. ft.201 Ketrick Court, Cary, NC 27519
MLS# 10173768Listed by: CHOICE RESIDENTIAL REAL ESTATE - New
$649,900Active4 beds 3 baths2,530 sq. ft.104 Armfield Court, Cary, NC 27519
MLS# 10173789Listed by: MARK SPAIN REAL ESTATE - New
$347,000Active2 beds 3 baths1,623 sq. ft.143 Hedgerow Court, Cary, NC 27513
MLS# 10173819Listed by: REAL BROKER, LLC - New
$1,199,000Active4 beds 5 baths4,044 sq. ft.405 Whispering Hills Court, Cary, NC 27519
MLS# 10173761Listed by: COLDWELL BANKER - HPW - New
$670,000Active5 beds 2 baths2,064 sq. ft.511 Normandy Street, Cary, NC 27511
MLS# 10173739Listed by: BEYCOME BROKERAGE REALTY LLC - Open Sun, 1 to 3pmNew
$919,000Active4 beds 3 baths2,955 sq. ft.212 Silver Lining Lane, Cary, NC 27513
MLS# 10173746Listed by: COMPASS -- RALEIGH