109 Rainbow 109-111, Cary, NC

$615,000

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2

Beds

Baths

2,456

Square feet

0.28

Acres

About 109 Rainbow 109-111

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.

Features of 109 Rainbow 109-111

MLS® # 10157549
Price $615,000
Bedrooms 2
Bathrooms 2.50
Full Baths 2
Half Baths 1
Square Footage 2,456
Acres 0.28
Year Built 1973
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address 109 Rainbow 109-111
Subdivision Rainbow Estates
City Cary
County Wake
State NC
Zip Code 27511-3526

Amenities

Parking Spaces 4
Parking Concrete, Open
Is Waterfront No
Has Pool No

Interior

Heating Central
Cooling Central Air
Fireplace No
# of Stories 2
Stories Two
Has Basement No

Exterior

Roof Shingle
Construction Wood Siding
Foundation Slab

Additional Information

Date Listed April 3rd, 2026
Zoning TRP
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass -- Cary

Listing Map

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