Sold

109 Rainbow 109-111, Cary, NC 27511

Beds
2
Baths
3
Sqft
2,456

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCompass -- Cary
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
2
Number of bathrooms
3
Square feet
2,456
Lot size (acres)
0.28
Year built
1973

Utilities

Heating
Central
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$5,133.92

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Triangle MLS MLS®#: 10157549 Last checked:

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