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Listing courtesy of Compass -- Cary
Annette Holt
Davis Holt

128 Rainbow Court

$622,500 128 Rainbow Court, Cary, NC 27511
Exceptional investment opportunity in the heart of Cary. 128 & 130 Rainbow Court offers a well-maintained duplex just minutes from Downtown Cary, providing investors with immediate cash flow and long-term upside in one of the Triangle's most sought-after locations. Both units are currently leased, with leases in place through March 2027 and June 2027, creating stable, predictable income from day one. The property features two spacious residences with private entrances, dedicated parking, and strong rental appeal driven by the area's continued growth and demand. Located less than two miles from Downtown Cary Park, residents enjoy easy access to award-winning restaurants, local breweries, shopping, entertainment, and community events. The property is also conveniently located near Fenton, WakeMed Soccer Park, major employment centers, and commuter routes including US-1, I-40, and NC-540. Whether you're looking to expand your portfolio with a turnkey asset or secure a long-term hold in a premier Cary location, 128 & 130 Rainbow Court presents a rare opportunity to acquire an income-producing property with established tenants and excellent proximity to everything Cary has to offer.
  • For Sale
    Status
  • 5
    Bedrooms
  • 4
    Bathrooms
  • 1973
    Year Built
  • 2,624 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 2,624 Sq.Ft.
  • Total Area: 2,624 Sq.Ft.
  • Lot Size: 0.39 Acres
  • MLS® ID: 10177740
  • Type: Multi-Family
  • Year Built: 1973
  • Elementary School:Wake - Cary Elementary
  • Middle School: Wake - East Cary Middle
  • High School: Wake - Cary High

Interior

  • Total Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Flooring: Carpet, Linoleum, Vinyl

Exterior & Building

  • Stories: 2
  • Water Source: Public
  • Roof: Shingle
  • Parking: On Site
  • Heat Type: Central, None
  • Air Conditioning: Central Air
  • Sewer: Public Sewer

Financial

  • Sales Price: $622,500
  • Real Estate Tax: $5,251/yr
  • Zoning: TRP
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Schedule a Showing

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Thank you for your interest in 128 Rainbow Court, Cary, NC 27511. We are reviewing your request and will be in touch shortly!

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128 Rainbow Court

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At The Results Team, we believe that everyone deserves a dream home. We take the time to get to know you and your desired outcome so that we can craft the best possible scenario for you to get the home of your dreams, whatever that may look like.
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