128 Rainbow Ct, Cary, NC 27511
Property image
Property image
SOLD
AUG 21, 2026

$617,300

Trulia Estimate
  • 5 Beds
  • 3 Baths
  • 2,624 sqft (on 0.39 acres)

128 Rainbow Ct, Cary, NC 27511

Est. Refi. Payment $3,711/mo*
Refinance Your Home
Currently Off Market - Sold Aug 21, 2026 for $617,500 (1% below list price)

Home Value

Trulia Estimate
$617K
Since last month
Decreased$500 (-0.1%)
Since last year
Increased$17K (+2.9%)
Since last sale
Decreased$800 (-0.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +191% in the last 10 years
MonthEstimated value
2026
September 2026$617K
August 2026$617K
July 2026$605K
June 2026$618K
May 2026$592K
April 2026$594K
March 2026$603K
February 2026$595K
January 2026$585K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
109 Rainbow Ct #109-111, Cary, NC
0.10
Multi-Family Home
$615,000
06/22/26
5
2.5
2,456
616-618 Branniff Dr, Cary, NC
0.55
Multi-Family Home
$585,000
05/22/26
4
3
2,850
710 Branniff Dr, Cary, NC
0.52
Multi-Family Home
$580,000
07/14/26
4
2
1,952
105-107 Chevis Dr, Cary, NC
0.59
Multi-Family Home
$505,000
07/23/26
4
5
2,140
725 Branniff Dr, Cary, NC
0.58
Multi-Family Home
$458,025
08/06/26
6
5
2,150
729 Branniff Dr, Cary, NC
0.58
Multi-Family Home
$483,120
05/01/26
4
5
2,150
101-103 Gregory Dr, Cary, NC
0.53
Multi-Family Home
$385,000
11/21/25
2
2
1,400
228 Adams St, Cary, NC
0.94
Multi-Family Home
$700,000
02/18/26
4
1.5
978

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
133 Rainbow Ct, Cary, NC 27511
0.02
$615,000
5
3
2,450
For Sale
415 Webster St, Cary, NC 27511
0.11
-
2
1
870
Off Market
109 Rainbow Ct #109-111, Cary, NC 27511
0.10
$615,000
5
2.5
2,456
Recently Sold
608 Webster St, Cary, NC 27511
0.15
$2,074,900
4
4
3,731
For Sale
609 Sloan Dr, Cary, NC 27511
0.18
$500,000
4
2.5
1,783
Recently Sold
617 Webster St, Cary, NC 27511
0.19
$522,900
3
3
1,829
Off Market
126 W Circle Dr, Cary, NC 27511
0.15
$1,122,400
3
2.5
2,682
Recently Sold
209 Urban Dr, Cary, NC 27511
0.16
$1,622,600
4
3
2,854
Off Market
409 Waldo St, Cary, NC 27511
0.17
$2,219,400
4
4.5
3,751
Off Market
403 Waldo St, Cary, NC 27511
0.18
$1,710,000
4
4
3,702
Recently Sold
407 Waldo St, Cary, NC 27511
0.18
$1,700,000
5
5.5
4,097
Recently Sold

Local Information

  • Map ViewExplore the area around 128 Rainbow Ct.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1973
0.39 acre lot
2,624 sqft
$235/sqft
4 Open Spaces

About this House

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.
128 Rainbow Ct, Cary, NC 27511 is a 5 bedroom, 2 bathroom, 2,624 sqft multi-family built in 1973. It last sold for $617,500 on Aug 21, 2026 (1% below the $622,500 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $617,300, with a rent estimate of $1,662/month.
Last check for updates: about 17 hours ago
Listed by Annette Holt, (919) 810-2203
Compass -- Cary
Davis Holt, (919) 810-2188
Compass -- Cary
Bought with: Michelle Lynn Stephenson, (919) 522-4450, Keller Williams Legacy
Source: Doorify MLS, MLS#10177740

Home Details for 128 Rainbow Ct

Interior Features

Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (half): 2
Dimensions and Layout
Living Area: 2624 Square Feet
Heating & Cooling
Heating: Central,NoneHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Windows, Doors, Floors & Walls
Flooring: Carpet, Linoleum, Luxury VinylCommon Walls: 1 Common Wall
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Carpet, Linoleum, Luxury Vinyl
View
No View

Exterior Features

Exterior Home Features
Roof: ShingleFoundation: Crawlspace
Parking & Garage
Open Parking Spaces: 4Has Open ParkingParking Spaces: 4Parking: On Site
Frontage
Responsible for Road Maintenance: Public Maintained Road
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 2624 Square Feet

Property Information

Year Built
Year Built: 1973
Property Type / Style
Property Type: Residential IncomeProperty Subtype: DuplexStructure Type: DuplexArchitecture: Duplex
Building
Construction Materials: Brick, Wood SidingNot a New Construction
Property Information
Parcel Number: 0764814829

Price & Status

Price
List Price: $622,500Price Per Sqft: $235/sqft
Status Change & Dates
Off Market Date: Thu Jul 23 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: CaryCommunity: Rainbow Estates
School Information
Elementary School: Wake - Cary ElementaryJr High / Middle School: Wake - East Cary MiddleHigh School: Wake - Cary High

Building

Building Area
Building Area: 2624 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.39 acres

Listing Info

Special Conditions: Standard, Seller Licensed Real Estate Professional

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: 1031 Exchange, Cash, Conventional

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Business

Expense
Tenant Pays: All Utilities

Rental Terms, Policies & Fees

Owner Pays: Repairs

Miscellaneous

Mls Number: 10177740Above Grade Unfinished Area: 2624

Additional Information

Source Internet Entire Listing Display

Price and Tax history

DateEventPrice
Aug 21, 2026
Source: Doorify MLS #10177740
Sold
$617,500
Jul 23, 2026
Source: Doorify MLS #10177740
Pending
$622,500
Jul 2, 2026
Source: Doorify MLS #10177740
Listed For Sale
$622,500

Market trends in Cary

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$634K
$10.67KMoM
Sale-to-List Price
99.6%
0.2%MoM
Price per sq ft
$266
$1MoM
Available listings
514
62MoM

Around this home

What Locals Say about Cary

At least 1155 Trulia users voted on each feature.

  • 93 % Say it's dog friendly

  • 87 % Say car is needed

  • 84 % Say parking is easy

  • 79 % Say there are sidewalks

  • 77 % Say people would walk alone at night

  • 76 % Say it's quiet

  • 76 % Say there's holiday spirit

  • 73 % Say kids play outside

  • 72 % Say streets are well-lit

  • 64 % Say yards are well-kept

  • 58 % Say it's walkable to grocery stores

  • 55 % Say neighbors are friendly

  • 52 % Say it's walkable to restaurants

  • 51 % Say they plan to stay for at least 5 years

  • 49 % Say there's wildlife

  • 39 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Vnc75brhfd
    "Everything is 15-20 minutes away"
    0
    Flag
  • Glope005
    "Lochmere Highlands is a clean, safe and well-established neighborhood perfect for families of all ages."
    0
    Flag
  • Trulia User
    "I’ve lived here for 7 months it’s quiet and convenient to I-40 , I-540 RDU,Raleigh, Durham friendly people "
    0
    Flag
  • Trulia User
    "My commute to offices, schools, hospitals, doctors, grocery stores, dentists, restaurants is very convenient from this community. Walking distance to all these except the hospital. A good trail for outdoor walk. "
    0
    Flag
  • Bob Smith
    "Traffic is light and the commute to downtown Raleigh is fairly easy and accessible. In Cary, there are numerous things to do and downtown Cary is a must see. "
    1
    Flag
  • Emmett Lichtenberger
    "It’s a great place for anyone to live in really, from families to singles. There’s something for everyone."
    0
    Flag
  • Unspecified
    "Cary Night Market. One Friday every month from March thru December Except in July. I simply love Cary and its vibe."
    0
    Flag
  • renee raiteri
    "There is access to public transportation, its a quiet peaceful area FILLED with great public parks, & lakes & miles and miles of trails! "
    0
    Flag
  • Clarkrichard.abrahams
    "Zoned for top rated public schools! Community has a pool, playground, a beautiful 2.5 acre pond that just had extensive renovations. Location is near several markets, drug stores, and dental/medical facilities, with a full hospital planned for completion in 4 years. Very diverse area with many families with children."
    0
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  • E.C.
    "Town of Cary events (especially youth and adult sports) help bring the community together through recreational sports and activities. All of the facilities and programming are top-notch."
    0
    Flag
  • Hayriye Aydin
    "Very friendly and welcoming for new comers. You feel safe and comfortable in your home. And neighbors are so nice and supportive "
    0
    Flag
  • Randy Arias
    "It is a lovely town and you feel secure living here. People are kind and nice. Everything is near and you can find a lot of stores"
    0
    Flag
  • Trulia User
    "Lot of dogs being walked around this community, everyone is friendly as well. Feel pretty safe around here as well. "
    0
    Flag
  • Sharon S
    "You’ll see people walking their dogs, and there are pickup stations throughout the neighborhood. All the neighbors use leashes and are friendly."
    0
    Flag
  • Clarkrichard.abrahams
    "There are many families with babies and toddlers. We are zoned for great public schools. We have a pool and playground. People are friendly!"
    0
    Flag
  • Momma
    "decent schools but still have the die amd GSR issues to be solved. good sports. good music and arts in area.,great parks. guess that is why it called the Containment Area for Relocated Yankees!"
    0
    Flag
  • Jennifer Blankenship
    "What is important is that Panthers Creek School has been capped for 4 years now which means your kids have to be bused off to school further away."
    0
    Flag
  • Jennifer Blankenship
    "My Husband was promoted to a different position with the bonus of having to move our entire family household. We have 1 Dog, 2 Cats, 5 Adult Children with the ages being between 29 years old to our youngest being 21 years old with our first Grandchild.The Neighborhood has a large range of houses for everyone budget."
    0
    Flag
  • Trulia User
    "The neighborhood is nice not a lot of stuff happens here and plus the state fair Is like 15 min from here"
    0
    Flag
  • Jennifer Blankenship
    "It is a nice neighborhood but the local schools for the actual neighborhood has been capped for 4 years. In order for your kids to go too a school they are bused out at least 10-15 minutes away."
    0
    Flag
  • Sophiembl63
    "My commute is very quick and easy access to everything. Traffic is light…Close to everything- 15-20 minutes from Apex/Raleigh/Durham. Love living here!"
    0
    Flag
  • Cream1
    "Cary is a safe town. "
    0
    Flag
  • Sarahbousquet
    "Very dog friendly town. We can walk to Bond Park and we always see people walking dogs every day in our neighborhood and into Bond. It’s cute to see so many dogs playing around the lake, running around the big field, trotting through walking trails. "
    0
    Flag
  • Pastorbobv
    "Beautiful, mature, trees and very well kept homes. Homes feel like they are in the forest. There are a lot of flowering shrubs throughout. "
    0
    Flag
  • Clarkrichard.abrahams
    "Neighborhood is a mile or less from 4 supermarkets, two pharmacies, and shopping center. Doctors and health clinics are less than 2 miles away."
    0
    Flag
  • MikeG
    "There are occasional events in the neighborhood, but the Town of Cary puts on a lot of events at the local lakes and parks."
    0
    Flag
  • Nytpdvcpvv
    "Bond lake events, Downtown Cary, Neighborhood food trucks, swim meets, neighborhood get togethers, events at Cary schools."
    1
    Flag
  • Gemimah Kerner
    "I live here for 23 years and I love it, is very close to everything, it is safe and beautiful. I riese my daughter here. This town cares about citizzens"
    2
    Flag
  • Crystelle Douglas
    "Not all areas have sidewalks or streets large enough to feel safe on the side of the road. Would be nice."
    0
    Flag
  • Direct.to
    "Location and approach to everything, shopping, pharmacy, doctors office, RTP and the airport. Close to everything and yet quite "
    0
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  • Sara E. A.
    "I love Cary, if feels like home, overall it is super safe and neighbors are super friendly and respectful, streets are clean and the greenways makes it even more fun and enjoyable to live here."
    19
    Flag
  • Rachael R.
    "Lots of dogs! . People walk them on the greenway. Owners are usually very friendly. I will really miss this neighborhood when I move. "
    0
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  • Chelsea H.
    "I have lived in Cary for 11 years and really appreciate how beautiful and well maintained it is. It is a great place to live, go for walks, and enjoy parks."
    0
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  • Brandonlpoteat
    "They would love everything about it. It’s very dog friendly. Lots of places to walk and dog waste areas. "
    0
    Flag
  • Clarkrichard.abrahams
    "Varies throughout the year - plenty of opportunities to get to know your neighbors. Also neighborhood spring yard sale annually, ice cream social at pool house in summer, fall neighborhood band and food truck (free tickets) at clubhouse,winter holiday weekend lunch event."
    6
    Flag
  • Christie W.
    "Not a ton of sidewalks but the streets are pretty low traffic. Lots of dogs so if your dog doesn’t like other dogs I would walk at least frequently traveled times. "
    0
    Flag
  • Anna J.
    "people walk their did all the time. perfect area for nice long dog walks. sidewalks. okkkkuuuurrrrrrrrrrrr"
    0
    Flag
  • Erin B. T.
    "Neighborhood parties every month. We also have impromptu get together when walking the dogs. Annual Christmas party, etc. "
    1
    Flag
  • Politicsasusual
    "Community Fairs for all ages , trick or trick is a big community event for kids as well as adults. The community really lights up during Halloween . And it’s always safe nothing gets out of hand which embodies the community spirit "
    1
    Flag
  • Paul V.
    "Arts and crafts festivals like spring daze in bond park and lazy daze in downtown Cary. Chinese lantern festival at koko booth theater. "
    0
    Flag

LGBTQ Local Legal Protections

The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
Copyright 2026 Doorify MLS of North Carolina. All rights reserved.

Frequently asked questions about 128 Rainbow Ct

  • What is 128 Rainbow Ct estimated to be worth?
    Trulia's estimated value for 128 Rainbow Ct in Cary, NC is $617,300.
  • What is the price history for 128 Rainbow Ct?
    128 Rainbow Ct in Cary, NC last sold for $617,500 in August 2026.
  • Is Cary a buyer's or seller's market?
    Cary is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Cary?
    The median sale price in Cary is $634K. That is up $10.67K from the prior month.
  • Does 128 Rainbow Ct have air conditioning?
    Yes, 128 Rainbow Ct in Cary, NC has air conditioning.
  • Does 128 Rainbow Ct have parking?
    Yes, 128 Rainbow Ct in Cary, NC has on-site parking.

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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