128 Rainbow Ct, Cary, NC 27511
- $617,500
- 5
- BD
- 4
- BA
- 2,624
- SqFt
Seller Representative Compass -- Cary
Buyer Representative
- Sold Price
- $617,500
- List Price
- $622,500
- Status
- CLOSED
- Days on Market
- 50
- Closing Date
- Aug 21, 2026
- MLS#
- 10177740
- Subtype
- Residential Income
- Year Built
- 1973
- Bedrooms
- 5
- Bathrooms
- 4
- Full Baths
- 2
- Half Baths
- 2
- Living Area
- 2,624
- Lot Size
- 16,988
- Acres
- 0.39
- Subdivision
- Rainbow Estates
Property Description
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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Additional Information
- Taxes
- $5,250
- Zoning
- TRP
- Flooring
- Carpet, Linoleum, Vinyl
- Heating
- Central, None
- Air Conditioning
- Central Air
- Stories
- 2
- Levels
- Two
- Roof
- Shingle
- Foundation
- Crawl Space
- Parking Features
- On Site
- Elementary School
- Wake - Cary Elementary
- Middle School
- Wake - East Cary Middle
- High School
- Wake - Cary High
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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .