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128 Rainbow Court, Cary, NC 27511

Cary
Local realty services provided by:CENTURY 21 New Beginnings
128 Rainbow Court,Cary, NC 27511
$622,500
  • 5 Beds
  • 4 Baths
  • 2,624 sq. ft.
  • Multi-family
  • Active
Listed by: annette holt
Office: compass -- cary
MLS#:10177740
Source:RD

Price summary

  • Price:$622,500
  • Price per sq. ft.:$237.23

About this home

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...

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Home facts

  • Year built:1973
  • Listing ID #:10177740
  • Added:1 day(s) ago
  • Updated:July 02, 2026 at 07:09 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:2
  • Flooring:Carpet, Linoleum, Luxury Vinyl
  • Living area:2,624 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1973
  • Building area:2,624 sq. ft.
  • Lot area:0.39 Acres
  • Construction Materials:Brick, Wood Siding
  • Levels:Two

Schools

  • High school:Wake - Cary High
  • Middle school:Wake - East Cary Middle
  • Elementary school:Wake - Cary Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$622,500
  • Price per sq. ft.:$237.23
  • Tax amount:$5,251

Parking

  • Parking description:On Site
MLS LogoListings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2026 Doorify MLS of North Carolina. All rights reserved. RD Member Broker: Ellisha Mayers

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