For Sale Duplex MLS# 10198593

104 Rainbow Court

Cary, NC 27511

$622,500

  • 5Beds
  • 4Baths
  • 2,300Sq Ft
  • 0.37Acres
  • 1973Built
  • $271Per Sq Ft
  • 31Days Listed
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About 104 Rainbow Court

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!

Property details

Property

Type
Duplex
MLS type
Duplex
Status
Active
Year built
1973
Stories
2
Living area
2,300 sqft
Price / sqft
$271
Lot
0.37
Full baths
2
Half baths
2
Original price
$622,500
MLS #
10198593

Interior

Flooring
Tile
Heating
Central
Cooling
Central Air

Exterior & lot

Construction
Brick, Shake Siding
Roof
Shingle
Foundation
Slab
Lot
TRP
Patio & porch
Covered, Front Porch, Patio
View
Trees/Woods
Parking
Concrete, Open

Schools

District
Wake County Schools
Elementary
Wake - Cary Elementary
Middle
Wake - East Cary Middle
High
Wake - Cary High

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Financial
Doorify MLS
Annual tax
$5,371
Tax year
2025
Parcel
0764823474
Legal
Lo4 Rainbow Ests Bm1972-00137
Special conditions
Seller Licensed Real Estate Professional

Location

Subdivision
Rainbow Estates
County
Wake

Ask about this property

Questions on 104 Rainbow Court, Cary, NC 27511, or want to see it in person?

Listed by Annette Holt, Compass -- Cary

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.