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$622,500
3 Days On Site

128 Rainbow Court
Cary, NC 27511

For Sale|Duplex|Active
5
Beds
4
Total Baths
2
Full Baths
2
Partial Baths
2,624
SqFt
$237
/SqFt
1973
Built
Subdivision:
Rainbow Estates
County:
Wake

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919-274-8120
128 Rainbow Court128 Rainbow Court128 Rainbow Court128 Rainbow Court
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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.

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Listing Snapshot
Price 
$622,500
Days On Site 
3 Days
Bedrooms 
5
Inside Area (SqFt) 
2,624 sqft
Total Baths 
4
Full Baths 
2
Partial Baths 
2
Lot Size 
0.39 Acres
Year Built 
1973
MLS® Number 
10177740
Status 
Active
Property Tax 
$5,250.66
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Acres 
0.39
Lease Term 
12 Months
Levels 
Two
Parking 
On Site
Property Sub Type 
Duplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
2624
SqFt Total 
2624
Water Source 
Public
Zoning 
TRP
Interior Features
Cooling 
Central Air
Flooring 
CarpetLinoleumVinyl
Heating 
CentralNone
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Exterior Features
Construction Details 
BrickWood Siding
Roof 
Shingle
Community Features
Financing Terms Available 
CashConventional1031 Exchange
Schools
School District
Unknown
Elementary School
Wake - Cary Elementary
Middle School
Wake - East Cary Middle
High School
Wake - Cary High
Listing courtesy of Annette Holt of Compass -- Cary



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Last checked: 2026-07-05 07:55 PM UTC

Neighborhood & Commute
Source: Walkscore
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