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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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128 Rainbow Ct , Cary, NC 27511
$622,500
Est. Payment: $3,207.87/mo
5 Bed
4 Bath
2624 Sqft
Status: pending | Days on site: 21
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Exceptional investment opportunity in the heart of Cary. 128 & 130 Rainbow Court offers a well-maintained duplex just minutes from Downtown Cary, providing investors with immediate cash flow and long-term upside in one of the Triangle's most sought-after locations. Both units are currently leased, with leases in place through March 2027 and June 2027, creating stable, predictable income from day one. The property features two spacious residences with private entrances, dedicated parking, and strong rental appeal driven by the area's continued growth and demand. Located less than two miles from Downtown Cary Park, residents enjoy easy access to award-winning restaurants, local breweries, shopping, entertainment, and community events. The property is also conveniently located near Fenton, WakeMed Soccer Park, major employment centers, and commuter routes including US-1, I-40, and NC-540. Whether you're looking to expand your portfolio with a turnkey asset or secure a long-term hold in a premier Cary location, 128 & 130 Rainbow Court presents a rare opportunity to acquire an income-producing property with established tenants and excellent proximity to everything Cary has to offer.

Highlights

Listed by Annette Holt , 919-810-2203 and Davis Holt , 919-810-2188 Compass -- Cary , 919-769-1956. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

Lot/Acreage
0.39

Year Built

1973

County

Wake

Neighborhood

Rainbow Estates

Listing ID

10177740

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:4
  • Full Bathrooms:2
  • 1/2 Bathrooms:2
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Linoleum,Vinyl
Above Ground Sq Ft:2624
Below Ground Sq Ft:0
Other:Public

Exterior Features

Zoning:TRP
Roof:Shingle
Sewer:Public Sewer
Parking Features:On Site
Principal Interest
$3,208
Taxes
$438

Home Price

$622,500

Loan Details

30 yrs
6.683%

Down Payment

20%
$124,500
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,207.87

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,207.87 $437.56 $0.00 $3,645.43
Yearly $38,494.45 $5,250.66 $0.00 $43,745.11
Total $1,154,833.43 $157,519.80 $0.00 $1,312,353.23

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Cary, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-02T01:24:44.000Z

© 2026 Triangle MLS, Inc. of North Carolina

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