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.
10 days
|
845
|
48
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Annette Holt919-810-2203,
Compass -- Cary,
Davis Holt919-810-2188,
Compass -- Cary
Source: Doorify MLS,MLS#: 10177740
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Full bathrooms: 2
1/2 bathrooms: 2
Heating
Central, None
Cooling
Central Air
Features
Flooring: Carpet, Linoleum, Vinyl
Common walls with other units/homes: 1 Common Wall
Interior area
Total structure area: 2,624
Total interior livable area: 2,624 sqft
Finished area above ground: 2,624
Finished area below ground: 0
Property
Parking
Total spaces: 4
Parking features: On Site
Uncovered spaces: 4
Features
Levels: Two
Stories: 2
Has view: Yes
Lot
Size: 0.39 Acres
Details
Parcel number: 0764814829
Zoning: TRP
Special conditions: Seller Licensed Real Estate Professional,Standard
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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