New Listing
Description
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!
Details
| MLS # | 10198593 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1973 |
| Days On Site | 2 |
| Listing Provided By | Compass -- Cary | Annette Holt |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,300 |
| Story(s) | 2 |
| Zoning | TRP |
| Acreage | 0.37 |
| Property View | Trees, Woods |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air |
| Laundry Features | Washer/Dryer Hookups |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Slab |
| View | Trees/Woods |
| Construction Materials | Brick, Shake Siding |
| Patio And Porch Features | Covered, Front Porch, Patio |
Parking
| Parking Features | Concrete, Open |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 589340 |
|---|---|
| Tax Legal Description | Lo4 Rainbow Ests Bm1972-00137 |
| Tax Year | 2025 |
| Tax Map Number | 4 |
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Cary |
| Zip Code | 27511 |
| Area | Wake |
| Community Name | Rainbow Estates |
| School District | Wake - Cary High |
| Elementary School | Wake - Cary Elementary |
| High School | Wake - Cary High |
| Listing VS Median (in Rainbow Estates) | |
Price: $622,500 low | high Med: $618,750 sqft: 2,300 low | high Med: 2,375 $ / sqft: $271 low | high Med: $261 On site: 2 low | high Med: 24.5 | |
Market Activity 27511
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Cary |
| Zip Code | 27511 |
| Area | Wake |
| Community Name | Rainbow Estates |
| School District | Wake - Cary High |
| Elementary School | Wake - Cary Elementary |
| High School | Wake - Cary High |
| Listing VS Median (in Rainbow Estates) | |
Price: $622,500 low | high Med: $618,750 sqft: 2,300 low | high Med: 2,375 $ / sqft: $271 low | high Med: $261 On site: 2 low | high Med: 24.5 | |
 | $615,000133 Rainbow CourtCary, NC 27511 |