Date
Details
Price
Change
Source
10/15/2026
Listed
$622,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$622,500 Just Listed
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Property 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!
Full Property Details
Full Property Details for 104 Rainbow Ct
General
- Price: $622,500
- Taxes: $5,371 (2025)
- Status: Active
- Type: Duplex
- Source: 2218
- MLS ID: 10198593
- Updated: Today (10/15/2026)
- Added to Site: Today
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Exterior
- Porch/Patio/Deck: Covered, Front Porch, Patio
Parking
- Parking Features: Concrete, Open
Location
- County: Wake
- Subdivision: Rainbow Estates
School Information
- Elementary School: Wake - Cary Elementary
- Middle School: Wake - East Cary Middle
- High School: Wake - Cary High
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Duplex
- Exterior Const.: Brick, Shake Siding
- Roof: Shingle
- Common Walls: 1 Common Wall
- Stories/Levels: 2
- Building Size: 2300
- Square Feet: 2,300
- Living Area: 2,300 Sq. Ft.
- Finished Above Grnd: 2,300 Sq. Ft.
- Year Built: 1973
Unit Information
- Units in Building: 2
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 0.37
- Lot Size (Sq. Ft.): 16,117
- Zoning: TRP
Financial Considerations
- Tax Amount: $5,371.17
- Tax Year: 2025
- Terms: Cash, Conventional
- Owner Pays: Repairs
Disclosures and Reports
- Special Conditions: Seller Licensed Real Estate Professional
- APN: 764823474
- Lot Number: 4
Listed by Compass -- Cary, Annette Holt (919) 810-2203 and Compass -- Cary , Davis Holt (919) 810-2188
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Listing agents
— 104 Rainbow Ct —
Annette Holt
Compass -- Cary
Davis Holt
Compass -- Cary
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 104 Rainbow Ct
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Cary Elementary 400 Kildaire Farm Road, Cary, NC 27511 | PK-5 | 0.9 mi |
East Cary Middle School 1111 Southeast Maynard Road, Cary, NC 27511 | 6-8 | 0.6 mi |
Cary High 638 Walnut Street, Cary, NC 27511 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 104 Rainbow Ct
Tax History
Tax History for 104 Rainbow Ct
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,091
2%
$589,340
—
2024
$4,982
117%
$589,340
162%
2023
$2,293
4%
$224,865
—
2022
$2,209
2%
$224,865
—
2021
$2,165
-1%
$224,865
—
2020
$2,176
22%
$224,865
38%
2019
$1,780
6%
$162,542
—
2018
$1,673
4%
$162,542
—
2017
$1,609
2%
$162,542
—
2016
$1,585
-4%
$162,542
-1%
2015
$1,655
6%
$164,020
—
2014
$1,562
5%
$164,020
—
2013
$1,490
—
$164,020
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 104 Rainbow Ct
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
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104 Rainbow Court, Cary, NC 27511 (MLS# 10198593) is a Duplex property with 5 bedrooms, 2 full bathrooms and 2 partial bathrooms. 104 Rainbow Court is currently listed for $622,500 and was received on October 15, 2026. Want to learn more about 104 Rainbow Court? Do you have questions about finding other Duplex real estate for sale in Cary? You can browse all Cary real estate or contact a Coldwell Banker agent to request more information.