128 Rainbow Ct, Cary, NC 27511

$617,500
5
BD
4
BA
2,624
SqFt

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Seller Representative Compass -- Cary

Seller Representative Compass -- Cary

Sold Price
$617,500
List Price
$622,500
Closing Date
Aug 21, 2026
Status
CLOSED
MLS#
10177740
Bedrooms
5
Bathrooms
4
Full-baths
2
Half-baths
2
Living Area
2,624
Lot Size
16,988
Subdivision
Rainbow Estates
Year Built
1973
Acres
0.39

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.

Additional Information

Foundation
Crawl Space
Water
Public
Flooring
Carpet, Linoleum, Vinyl
Roof
Shingle
Heating
Central, None

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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 .