109 Rainbow 109-111 Cary, NC 27511
Listing Courtesy of: MLS LogoDoorify MLS / Compass Cary

  109 Rainbow 109-111 Cary, NC 27511

Active (3 Days)
$615,000 (USD)
2
BED
3
BATH
2,456
SQFT

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.

MLS #:
10157549
Taxes
$5,134
Lot Size
0.28 acres
Type
Multifamily
Year Built
1973
County
Wake County
Community
Rainbow Estates

Listed By

Annette Holt, Compass Cary
Source
Doorify MLS
Last checked Apr 7 2026 at 4:08 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
  • Half Bathroom: 1
Subdivision
  • Rainbow Estates
Property Features
  • Foundation: Slab
Heating and Cooling
  • Central
  • Central Air
Flooring
  • Carpet
  • Vinyl
  • Linoleum
Exterior Features
  • Roof: Shingle
Utility Information
  • Sewer: Public Sewer
Parking
  • Concrete
  • Open
Stories
  • 2
Living Area
  • 2,456 sqft
Location
   
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Estimated Monthly Mortgage Payment

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