Date
Details
Price
Change
Source
7/02/2026
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
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.
Full Property Details
Full Property Details for 128 Rainbow Ct
General
- Price: $622,500
- Taxes: $5,250
- Status: Active
- Type: Duplex
- Source: 2218
- MLS ID: 10177740
- Updated: Today (7/2/2026)
- Added to Site: Today
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Flooring: Carpet, Linoleum, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: On Site
Location
- County: Wake
- Subdivision: Rainbow Estates
- City Limits: Yes
School Information
- Elementary School: Wake - Cary Elementary
- Middle School: Wake - East Cary Middle
- High School: Wake - Cary High
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Duplex
- Exterior Const.: Brick, Wood Siding
- Roof: Shingle
- Common Walls: 1 Common Wall
- Stories/Levels: 2
- Building Size: 2624
- Square Feet: 2,624
- Finished Above Grnd: 2,624 Sq. Ft.
- Year Built: 1973
Lot Features
- Lot Size (Acres): 0.39
- Lot Size (Sq. Ft.): 16,988.4
- Zoning: TRP
Financial Considerations
- Tax Amount: $5,250.66
Disclosures and Reports
- Special Conditions: Seller Licensed Real Estate Professional, Standard
- Property ID: 764814829
- Lot Number: 15
Listed by Compass -- Cary, Annette Holt (919) 810-2203 and Compass -- Cary, Davis Holt (919) 810-2188
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Listing agents
— 128 Rainbow Ct —
Annette Holt
Compass -- Cary
Davis Holt
Compass -- Cary
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 128 Rainbow Ct
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Cary Elementary 400 Kildaire Farm Road, Cary, NC 27511 | PK-5 | 0.8 mi |
East Cary Middle School 1111 Southeast Maynard Road, Cary, NC 27511 | 6-8 | 0.5 mi |
Cary High 638 Walnut Street, Cary, NC 27511 | 9-12 | 1.1 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 128 Rainbow Ct
Tax History
Tax History for 128 Rainbow Ct
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,251
2%
$607,941
—
2024
$5,138
113%
$607,941
157%
2023
$2,412
4%
$236,708
—
2022
$2,323
2%
$236,708
—
2021
$2,277
-1%
$236,708
—
2020
$2,289
22%
$236,708
38%
2019
$1,877
6%
$171,571
—
2018
$1,763
4%
$171,571
—
2017
$1,696
1%
$171,571
—
2016
$1,671
-5%
$171,571
-1%
2015
$1,754
6%
$174,123
—
2014
$1,656
5%
$174,123
—
2013
$1,579
—
$174,123
—
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 128 Rainbow Ct
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128 Rainbow Court, Cary, NC 27511 (MLS# 10177740) is a Duplex property with 5 bedrooms, 2 full bathrooms and 2 partial bathrooms. 128 Rainbow Court is currently listed for $622,500 and was received on July 02, 2026. Want to learn more about 128 Rainbow Court? 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.