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    Leased Duplex Investment Property Title is generated by Realmo AI

    128 Rainbow Court, Cary, NC 27511

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    Claim this Listing
    New
    For Sale
    $622,500

    MULTI_FAMILY - Cary, NC

    Property size:
    2,624 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $237/SF
    Added:
    Jul 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jul 4 at 7:06 pm

    Property Features for 128 Rainbow Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    TRP
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 1
    Standard status
    Active
    APN
    0764814829
    Size
    2,624 SF
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lo15 Rainbow Estates
    Tax Annual Amount
    5251

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Vinyl, Linoleum
    Building materials
    Brick, Wood Siding
    Roof type
    Shingle

    We can help!

    Contact an agent
    Annette Holt

    Listing agent Annette Holt License #231450

    Listing office Compass -- Cary 201 Fenton Gateway Dr. Ste 200, Raleigh, NC

    Listing date Jul 2, 2026

    MLS# 10177740 Listing URL

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex with both units currently leased
    • Leases in place through March 2027 (128 Rainbow Court) and June 2027 (130 Rainbow Court)
    • Built in 1973 with central heating and central air conditioning
    • Public water and public sewer
    • Brick and wood siding exterior with shingle roof
    • Located less than 2 miles from Downtown Cary Park and near US‑1, I‑40, and NC‑540

    Overview

    This property consists of two duplex residences at 128 and 130 Rainbow Court, offering private entrances and dedicated parking for each unit. The duplex configuration supports two separate households while maintaining a single, manageable property footprint. Both units are currently leased, with leases in place through March 2027 and June 2027.

    Located in Cary, the property is described as being just minutes from Downtown Cary and less than two miles from Downtown Cary Park. The surrounding area is noted for convenient access to restaurants, local breweries, shopping, entertainment, and community events, along with proximity to Fenton and WakeMed Soccer Park.

    For investors or owner-operators seeking a current-income duplex, the established tenancy and lease terms through 2027 are positioned as key strengths for planning and stability. The property’s convenient access to major commuter routes, including US-1, I-40, and NC-540, also supports tenant appeal for renters connecting to nearby employment centers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Wine and Liquor Store Catering Service Restaurant (Bike/Boat/Book/etc) Store Locksmith Restaurant Adult Day Care Clothing & Fashion Store Car Rental Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.76936
    Latitude
    35.788249

    FAQs

    What type of property is this?
    Duplex - Two leased units with private entrances and dedicated parking provide steady occupancy through 2027.
    Where is this duplex located?
    The property is located at 128 Rainbow Court Cary, NC.
    What is the asking price?
    The asking price for this property is $622,500.
    What are key features of this property?
    This property features: Duplex with both units currently leased; Leases in place through March 2027 (128 Rainbow Court) and June 2027 (130 Rainbow Court); Built in 1973 with central heating and central air conditioning
    More about this property
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