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109 Rainbow Ct #109-111, Cary, NC, 27511

2beds
3baths
2,456sqft
$615,000
$250price/sqft
$3,883/moest. monthly cost
$155,320/yrincome needed

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

72
WalkingVery Walkable
37
TransitSome Transit
47
BikeSomewhat Bikeable

Schools

7/10
Cary ElementaryGrades PK-50.9 mi
8/10
East Cary Middle SchoolGrades 6-80.6 mi
7/10
Cary HighGrades 9-121.2 mi

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