104 Rainbow Court Cary, NC $ 622,500
104 Rainbow Court
$ 622,500
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104 Rainbow Court

Cary, NC, 27511
$ 622,500
Bedrooms5 Baths2.2 Sq 2,300

Monthly Estimate*

$ 4,299

104 Rainbow Court, Cary, NC 27511 - Image 1
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104 Rainbow Court, Cary, NC 27511 - Image 6

Multi-Family Home for sale in Cary, NC

for $622,500 with 5 bedrooms and 2 full baths, 2 half baths. This 2,300 square foot home was built in 1973 on a lot size of 0.37.

An investment opportunity with income already in place! Welcome to 104/106 Rainbow Court, a fully tenant-occupied duplex just minutes from Downtown Cary and the popular Downtown Cary Park. With both units currently rented, this property offers investors the opportunity to step into an established rental arrangement and begin collecting rental income from day one of ownership, subject to existing lease terms. The duplex features a total of 5 bedrooms, 2 full bathrooms, and 2 half bathrooms across both units, with one side offering 3 bedrooms and 1.5 baths and the other featuring 2 bedrooms and 1.5 baths. Two separate living spaces provide rental flexibility and multiple income streams, making this an appealing addition to an investment portfolio. And the location only adds to its appeal! Just minutes from Downtown Cary, residents enjoy convenient access to restaurants, shops, entertainment, and the incredible Downtown Cary Park. With continued investment and revitalization throughout the downtown area, this established location puts owners close to one of the Triangle's most exciting destinations. Whether you're growing your rental portfolio or making your first investment purchase, 104/106 Rainbow Court offers a chance to acquire an income-producing property with tenants already in place. No need to start from scratch finding renters—this investment is already up and running!

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Multi-Family Active

Price

$ 622,500

Bedrooms

5

Full Bath

2

Half Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.37

Year Built

1973

Town/City

Cary

County/Region

Wake

MLS | Web ID

10198593

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Shingle
Appliances Refrigerator
Zoning TRP
Patio/Porch Features Covered Front Porch Patio
Construction Materials Brick Shake Siding
Year Built 1973
View Trees/Woods
Stories Count 2
Levels Two
Property Subtype Duplex
County Wake
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Rainbow Estates
Full Baths 2
Status Active
Directions 1. Start by exiting the Fenton development onto Quinard Road. 2. Take Quinard Road to SE Maynard Road. 3. Turn and continue onto Sloan Drive. 4. Take Clay Street. 5. Turn onto Rainbow Court. Your destination at 104 Rainbow Ct will be at the end of the cul-de-sac.
High School Wake - Cary High
City Cary
Senior Community Y/N false
Open Parking Spaces 2
Lot Size Units Acres
Lot Size Square Feet 16117
Elementary School Wake - Cary Elementary
Tax Annual Amount 5371.17
Middle/Junior High School Wake - East Cary Middle
Ok to Lease 12 Months
Structure Type Duplex
Standard Status Active
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Interior
Flooring Tile
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 2300
Half Baths 2
Laundry Features Washer/Dryer Hookups
Total Bedrooms 5
Below Grade Finished Area 0
Total Baths 4
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Exterior
Parking Features Concrete Open
Water Source Public
Lot Size Area 0.37
Foundation Details Slab
Building Area Total 2300
Lot Size Acres 0.37
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* Excluded Features
List By
Annette Holt

Listing Agent

Compass -- Cary

Broker

annette.holt@compass.com

Email

Affordability Calculator

$4,299
Per Month
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Monthly Principal & Interest
$4,299
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Wake - Cary High High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2026$622,500 Listed Price

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104 Rainbow Court, Cary, NC, 27511 is a Multi-Family Home for sale at $622,500 with 2,300 sqft and a lot size of 0.37. 104 Rainbow Court has 5 bedrooms, 2.2 baths, and was built in 1973. The property's zip code is 27511 which is in Cary, NC