




109 Rainbow Ct #109-111, Cary, NC, 27511
About This Home
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.
Getting Around
Schools
Construction
Condition
- Year built: 1973
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Duplex,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Flooring: Carpet,Linoleum,Vinyl
- Finished area below ground: 0
- Finished area above ground: 2,456
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 2,456
- Total interior livable area: 2,456 sqft
Property
Details
- Parcel number: 076420826307000 0083003
- Zoning: TRP
- Special condition: Seller Licensed Real Estate Professional
Features
- Levels: Two
- Stories: 2
- Has view: Yes
Lot
- Lot size: 0.28 Acres
Parking
- Total spaces: 4
- Parking features: Concrete,Open
- Has uncovered spaces: Yes
- Uncovered spaces: 4
