$615,000

109 Rainbow 109-111, Cary, NC 27511

  • 2 beds |
  • 3 baths |
  • 2,456 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1973
  • Property Lot Size Icon0.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $250/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

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.

Listing Status:
Active
Date Added:
April 3, 2026
Data Last Updated:
April 4, 2026 at 12:06PM
Listing Office:
Compass -- Cary : 919-769-1956
Listing Agent:
Annette Holt : 919-810-2203
MLS ID:
10157549
  • Flooring: CarpetLinoleumVinyl
  • A/C: Central Air
  • Heating: Central
  • Parking: ConcreteOpen
  • Roofing: Shingle
  • General: Wood Siding2Slab
  • Originating MLS: Triangle MLS
  • County: Wake
  • Zoning: TRP076420826307000 0083003
  • View: View
  • Water: Public
  • Sewer: Public Sewer
  • Source: Triangle MLS

This listing courtesy of Annette Holt , Compass -- Cary

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kingswood Magnet Elementary School

200 E Johnson St, Cary, NC, 27513

Grades PK-5

0.59 miles away

E

East Cary Magnet Middle School

1111 SE Maynard Rd, Cary, NC, 27511

Grades 6-8

0.73 miles away

C

Cary High School

638 Walnut St, Cary, NC, 27511

Grades 9-12

1.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.