128 Rainbow Court, Cary, NC 27511

Cary
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
128 Rainbow Court,Cary, NC 27511
$617,500
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: annette holt
Office: compass -- cary
MLS#:10177740
Source:RD

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Price summary

  • Price:$617,500

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
  • Subdivision & Development:Rainbow Estates
  • Listing ID #:10177740
  • Added:53 day(s) ago
  • Updated:August 25, 2026 at 07:17 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:2
  • Flooring:Carpet, Linoleum, Luxury Vinyl

Heating and cooling

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

Structure and exterior

  • Roof:Shingle
  • Year built:1973
  • 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:$617,500
  • Tax amount:$5,251

Parking

  • Parking description:On Site
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