109 Rainbow #109-111, Cary, NC 27511
Local realty services provided by:CENTURY 21 New Beginnings
109 Rainbow #109-111,Cary, NC 27511
$615,000
- 2 Beds
- 3 Baths
- 2,456 sq. ft.
- Multi-family
- Active
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....
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Home facts
- Year built:1973
- Listing ID #:10157549
- Added:1 day(s) ago
- Updated:April 05, 2026 at 02:58 PM
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
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