128 Rainbow Ct
Cary, NC 27511
- 5 Beds
- 3 Baths
- 2,624 sqft (on 0.39 acres)
5 Beds
3 Baths
2,624 sqft
(on 0.39 acres)
We estimate this home will sell faster than 89% nearby.
Local Information
-- mins to
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.
We estimate this home will sell faster than 89% nearby.
Home Highlights
Parking
4 Open Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$237
Listed
18 days ago
Home Details for 128 Rainbow Ct
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Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 4Number 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, VinylCommon Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Carpet, Linoleum, Vinyl |
View Has a View |
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Exterior Home Features Roof: ShingleNo Private Pool |
Parking & Garage Open Parking Spaces: 4No Attached GarageHas Open ParkingParking Spaces: 4Parking: On Site |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 2624 Square Feet |
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Days on Market: 18 |
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Year Built Year Built: 1973 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Multi FamilyStructure Type: DuplexArchitecture: Duplex |
Building Construction Materials: Brick, Wood SidingNot a New Construction |
Property Information Parcel Number: 0764814829 |
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Price List Price: $622,500Price Per Sqft: $237 |
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MLS Status: Active |
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Direction & Address City: CaryCommunity: Rainbow Estates |
School Information Elementary School: Wake - Cary ElementaryJr High / Middle School: Wake - East Cary MiddleHigh School: Wake - Cary High |
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Listing Agent Listing ID: 10177740 |
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Building Area Building Area: 2624 Square Feet |
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No HOA |
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Lot Area: 0.39 acres |
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Special Conditions: Seller Licensed Real Estate Professional, Standard |
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Mls Number: 10177740Above Grade Unfinished Area: 2624 |
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Source Internet Entire Listing Display |
Last check for updates: about 22 hours ago
Listing courtesy of Annette Holt, (919) 810-2203
Compass -- Cary
Davis Holt, (919) 810-2188
Compass -- Cary
Source: Doorify MLS, MLS#10177740

Also Listed on Doorify MLS.
Market trends in Cary
Last updated June 2026
Avg. sale price
$600K
$28.33KMoM
Sale-to-List Price
99.7%
0.4%MoM
Price per sq ft
$260
$3MoM
Available listings
601
33MoM
Price History for 128 Rainbow Ct
| Date | Price | Event | Source |
|---|---|---|---|
| 07/02/2026 | $622,500 | Listed For Sale | Doorify MLS #10177740 |
| 05/17/1984 | $82,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $5,251 |
| Assessment | $607,941 |
Home facts updated by county records
Comparable Sales for 128 Rainbow Ct
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.10 | Multi-Family Home | $615,000 | 06/22/26 | 2 | 2.5 | 2,456 | |
0.52 | Multi-Family Home | $585,000 | 05/22/26 | 4 | 3 | 2,850 | |
0.52 | Multi-Family Home | $580,000 | 07/14/26 | 4 | 2 | 1,952 | |
0.57 | Multi-Family Home | $483,120 | 05/01/26 | 4 | 5 | 2,150 | |
0.51 | Multi-Family Home | $385,000 | 11/21/25 | 2 | 2 | 1,400 | |
0.94 | Multi-Family Home | $700,000 | 02/18/26 | 2 | 1.5 | 978 | |
1.68 | Multi-Family Home | $507,500 | 08/22/25 | 4 | 3 | 2,186 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 128 Rainbow Ct.
What Locals Say about Cary
At least 1154 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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Annette Holt, Compass -- Cary
Agent Phone: (919) 810-2203

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.
Copyright 2026 Doorify MLS of North Carolina. All rights reserved.
128 Rainbow Ct, Cary, NC 27511 is a 5 bedroom, 4 bathroom, 2,624 sqft multi-family built in 1973. This property is currently available for sale and was listed by Doorify MLS on Jul 2, 2026. The MLS # for this home is MLS# 10177740.

