About This Home

This 5-bedroom, 3-bathroom multi-family at 104 Rainbow Court in Cary, NC is listed for $622,500 ($271 per sqft). Built in 1973, the home offers 2,300 sqft of living space on a 0.37 acres lot.

Key Features

  • Built in 1973
  • 0.37 acre lot
  • 2 stories

Property Details

2 stories
2 full, 2 half
1973

Amenities

A/C
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!

Monthly Cost Estimate

$3,329/mo

20% down · 6.5% · 30 years

Principal$450
Interest$2,698
Insurance$182

Estimates only. Actual payments may vary.

Location

104 Rainbow Court

Cary, NC 27511

Rainbow Estates

Property Details

Flooring

Tile

Construction

Brick Shake Siding

Outdoor Features

PatioPorch

Parking

Open

Heating

Central

Cooling

Central Air

Questions & Answers

This 5-bedroom, 3-bathroom multi-family at 104 Rainbow Court is listed at $622,500 ($271/sqft). The estimated monthly payment is $3,330 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1973, 0.37 acre lot, 2 stories.

This property is listed by Annette Holt.

AH

Annette Holt

Agent at Compass North Carolina

Listed by Compass North Carolina · Broker phone: (212) 913-9058 · View on Broker Site · Broker website

MLS# 10198593· Source: Doorify MLS· 14 days on PropertySimple

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.

104 Rainbow Court, Cary, NC 27511

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