Date
Details
Price
Change
Source
4/03/2026
Listed
$615,000
—
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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$615,000 Just Listed
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Property Description
Discover a rare and flexible investment opportunity in the heart of one of the Triangle's most dynamic and rapidly evolving areas. 109/111 Rainbow Court offers versatility that is increasingly difficult to find, whether you are an investor seeking immediate income or a buyer looking to live in one side while renting the other. Located just minutes from Downtown Cary and the highly acclaimed Downtown Cary Park, this property sits directly in the path of continued growth and revitalization. The park has quickly become a centerpiece of the community, fueling new restaurants, retail, and energy throughout the area. As Downtown Cary continues to evolve, opportunities to own property this close to it are becoming more limited. The duplex features a total of 5 bedrooms, 2 full bathrooms, and 2 half bathrooms across both units. One side offers a 3 bedroom, 1.5 bath layout, while the other provides a 2 bedroom, 1.5 bath layout. This setup creates flexibility for a variety of living or rental scenarios. One unit is currently rented, providing immediate income, while the other is vacant and ready for occupancy. This creates an ideal situation for an owner occupant looking to offset their mortgage, or for an investor aiming to maximize rental potential from day one. Opportunities like this are hard to find, especially in a location where growth, walkability, and long term upside all come together. Whether you are building your portfolio or planting roots with a smart strategy, Rainbow Court is a compelling opportunity worth a closer look.
Full Property Details
Full Property Details for 109 Rainbow #109-111
General
- Price: $615,000
- Taxes: $5,133
- Status: Active
- Type: Duplex
- Source: 2218
- MLS ID: 10157549
- Updated: Today (4/3/2026)
- Added to Site: Today
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Flooring: Carpet, Linoleum, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Parking
- Parking Features: Concrete, Open
Location
- County: Wake
- Subdivision: Rainbow Estates
- City Limits: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Site Built
- Exterior Const.: Wood Siding
- Roof: Shingle
- Stories/Levels: 2
- Building Size: 2456
- Square Feet: 2,456
- Finished Above Grnd: 2,456 Sq. Ft.
- Year Built: 1973
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,196.8
- Zoning: TRP
Financial Considerations
- Tax Amount: $5,133.92
Disclosures and Reports
- Special Conditions: Seller Licensed Real Estate Professional
- Property ID: 076420826307000 0083003
- Lot Number: 8
Listed by Compass -- Cary, Annette Holt (919) 810-2203 and Compass -- Cary, Davis Holt (919) 810-2188
We Value Your Privacy
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Listing agents
— 109 Rainbow #109-111 —
Annette Holt
Compass -- Cary
Davis Holt
Compass -- Cary
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 109 Rainbow #109-111
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 109 Rainbow #109-111
Tax History
Tax History for 109 Rainbow #109-111
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,134
2%
$594,321
—
2024
$5,023
116%
$594,321
161%
2023
$2,326
4%
$228,136
—
2022
$2,240
2%
$228,136
—
2021
$2,196
—
$228,136
—
2020
$2,207
22%
$228,136
38%
2019
$1,808
6%
$165,104
—
2018
$1,698
4%
$165,104
—
2017
$1,633
1%
$165,104
—
2016
$1,609
-4%
$165,104
-1%
2015
$1,683
6%
$166,875
—
2014
$1,589
5%
$166,875
—
2013
$1,515
—
$166,875
—
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 109 Rainbow #109-111
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109 Rainbow #109-111, Cary, NC 27511 (MLS# 10157549) is a Duplex property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 109 Rainbow #109-111 is currently listed for $615,000 and was received on April 03, 2026. Want to learn more about 109 Rainbow #109-111? Do you have questions about finding other Duplex real estate for sale in Carmichael Court Condominiums? You can browse all Carmichael Court Condominiums real estate or contact a Coldwell Banker agent to request more information.