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Listing courtesy of Compass -- Cary
Annette Holt
Davis Holt

109 Rainbow # 111 Unit: 109-111

$615,000 109 Rainbow # 111 Unit: 109-111, Cary, NC 27511
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.
  • For Sale
    Status
  • 2
    Bedrooms
  • 3
    Bathrooms
  • 1973
    Year Built
  • 2,456 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 2,456 Sq.Ft.
  • Total Area: 2,456 Sq.Ft.
  • Lot Size: 0.28 Acres
  • MLS® ID: 10157549
  • Type: Multi-Family
  • Year Built: 1973

Interior

  • Total Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Carpet, Linoleum, Vinyl

Exterior & Building

  • Stories: 2
  • Water Source: Public
  • Roof: Shingle
  • Parking: Concrete, Open
  • Heat Type: Central
  • Air Conditioning: Central Air
  • Sewer: Public Sewer
  • Substructure: Slab

Financial

  • Sales Price: $615,000
  • Real Estate Tax: $5,134/yr
  • Zoning: TRP
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 109 Rainbow # 111 Unit: 109-111, Cary, NC 27511. We are reviewing your request and will be in touch shortly!

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109 Rainbow # 111 Unit: 109-111

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