109 Rainbow
Cary, NC 27511Discover 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.
$615,000
2 bedrooms
2 full, 1 half bathrooms
0.28 acres
2,456 square feet
$250 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Wood Siding
- Lot Size Acres 0.28
- Parking Features Concrete, Open
- Structure Type Site Built
- Above Grade Finished Area 2,456
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Carpet, Linoleum, Vinyl
- Heating Central
- Heating Y/N Yes
- Tax Annual Amount 5133.92
- Water Source Public
- Year Built 1973
Additional Property Information
- TypeDuplex
- Built1973
- NeighborhoodRainbow Estates
- CountyWake
- AreaCary
- Elementary School
- Middle School
- High School
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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