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For sale
  • $622,500

    104 Rainbow Ct, Cary, NC 27511

    5beds
    2,300sqft
    : 
    $3,958/mo
    Get pre-qualified
    Duplex
    Built in 1973
    -- sqft lot
    $602,500 Zestimate®
    $271/sqft
    $-- HOA

    What's special

    Two separate living spaces
    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!
    10 days
    488
    28

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Annette Holt 919-810-2203,

    Compass -- Cary ,

    Davis Holt 919-810-2188,

    Compass -- Cary

    Source: Doorify MLS,MLS#: 10198593MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      • 1/2 bathrooms: 2
      Heating
      • Central
      Cooling
      • Central Air
      Features
      • Flooring: Tile
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total structure area: 2,300
      • Total interior livable area: 2,300 sqft
      • Finished area above ground: 2,300
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Concrete, Open
      • Uncovered spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Front Porch, Patio
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 0.37 Acres
      Details
      • Parcel number: 0764823474
      • Zoning: TRP
      • Special conditions: Seller Licensed Real Estate Professional

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Materials
      • Brick, Shake Siding
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1973

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Rainbow Estates
      HOA
      • Has HOA: No
      Location
      • Region: Cary

      Financial & listing details

      • Price per square foot: $271/sqft
      • Tax assessed value: $589,340
      • Annual tax amount: $5,371
      • Date on market: 10/15/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Lease term: 12 Months

        Estimated market value

        $602,500

        $572,000 - $633,000

        $1,592/mo

        Price history

        DateEventPrice
        10/15/2026Listed for sale$622,500+632.4%$271/sqft
        Source: Doorify MLS #10198593 Report a problem
        5/20/2019Listing removed$1,275$1/sqft
        Source: The Tar Heel Companies of North Carolina, Inc. Report a problem
        1/31/2019Listed for rent$1,275+13.3%$1/sqft
        Source: The Tar Heel Companies of North Carolina, Inc. Report a problem
        2/24/2018Listing removed$1,125
        Source: The Tar Heel Companies of North Carolina, Inc. Report a problem
        2/20/2018Listed for rent$1,125
        Source: The Tar Heel Companies of North Carolina, Inc. Report a problem
        6/30/1986Sold$85,000$37/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,091 +2.2%$589,340
        2024$4,982 +117.2%$589,340 +162.1%
        2023$2,293 +3.8%$224,865
        2022$2,209 +2%$224,865
        2021$2,165 -0.5%$224,865
        2020$2,176 +22.2%$224,865 +38.3%
        2019$1,780 $162,542
        2018$1,780 +10.7%$162,542
        2017$1,609 +1.5%$162,542
        2016$1,585 -4.2%$162,542 -0.9%
        2015$1,655 +5.9%$164,020
        2014$1,562 $164,020
        2013-- $164,020
        2012-- $164,020
        2011-- $164,020
        2010-- $164,020
        2009-- $164,020
        2008-- --
        2007-- --
        2006-- --
        2005-- --
        2004-- --
        2003-- --
        2002-- --
        2001-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 27511

        Getting around

        48 / 100
        Car-Dependent
        40 / 100
        Some Transit

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wake - Cary Elementary
        • Middle: Wake - East Cary Middle
        • High: Wake - Cary High

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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