104 Rainbow Court
Cary, NC 27511An investment opportunity with income already in place! Welcome to 104/106 Rainbow Court, a fully tenant-occupied duplex just minutes from Downtown Cary and the popular Downtown Cary Park. With both units currently rented, this property offers investors the opportunity to step into an established rental arrangement and begin collecting rental income from day one of ownership, subject to existing lease terms. The duplex features a total of 5 bedrooms, 2 full bathrooms, and 2 half bathrooms across both units, with one side offering 3 bedrooms and 1.5 baths and the other featuring 2 bedrooms and 1.5 baths. Two separate living spaces provide rental flexibility and multiple income streams, making this an appealing addition to an investment portfolio. And the location only adds to its appeal! Just minutes from Downtown Cary, residents enjoy convenient access to restaurants, shops, entertainment, and the incredible Downtown Cary Park. With continued investment and revitalization throughout the downtown area, this established location puts owners close to one of the Triangle's most exciting destinations. Whether you're growing your rental portfolio or making your first investment purchase, 104/106 Rainbow Court offers a chance to acquire an income-producing property with tenants already in place. No need to start from scratch finding renters—this investment is already up and running!
$622,500
5 bedrooms
2 full, 2 half bathrooms
0.37 acres
2,300 square feet
$271 per square foot
- Exterior Features
- Interior Features
- Property Features
- Attached Garage Y/N No
- Common Walls 1 Common Wall
- Construction Materials Shake Siding, Brick
- Lot Size Acres 0.37
- Parking Features Concrete, Open
- Patio And Porch Features Front Porch, Patio, Covered
- Structure Type Duplex
- Above Grade Finished Area 2,300
- Below Grade Finished Area 0
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Tile
- Heating Central
- Heating Y/N Yes
- Association Y/N No
- Senior Community Y/N No
- Tax Annual Amount 5371.17
- Water Source Public
- Year Built 1973
Additional Property Information
- TypeDuplex
- Built1973
- NeighborhoodRainbow Estates
- CountyWake
- AreaCary
- Elementary SchoolWake - Cary Elementary
- Middle SchoolWake - East Cary Middle
- High SchoolWake - Cary High
Listing courtesy of Compass -- Cary . © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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