For sale

$615,000

133 Rainbow Ct, Cary, NC 27511

5beds

2,450sqft

$3,744/mo

Get pre-qualified

Duplex

Built in 1973

-- sqft lot

$594,100 Zestimate^®

$251/sqft

$-- HOA

What's special

TENANT OCCUPIED. SHOWING TIMES WILL BE FRIDAY 12-4:00 AND SATURDAY 12-4:00. DOWNTOWN CARY DUPLEX WITH GREAT RENTAL HISTORY. ONE 3BR/1.5 BA AND ONE 2BR/1.5 BA. STRONG RENTAL HISTORY. NEW HVAC IN BOTH UNITS 2021. WATER HEATER IN 2BR IN 2022 AND 3BR 2023. NEW ROOF IN 2017 W/LIMITED LIFETIME SHINGLE. UPDATED REPLACEMENT WINDOWS IN 2016. LOW MAINTENANCE EXTERIOR (BRICK AND SOME SIDING). CRAWLSPACE WITH VAPOR BARRIOR AND DEHUMIDIFIER INSTALLED IN 2015. BOTH UNITS CURRENTLY MONTH TO MONTH AND WOULD LIKE TO SIGN LEASE AND CONTINUE OCCUPANCY. LARGE PRIVATE FENCED YARD ON CUL-DE-SAC. WALKING DISTANCE TO DOWNTOWN CARY, PARK, BUS SERVICE AND SHOPPING.

5 days
324
17

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2
1/2 bathrooms: 2

Heating

Heat Pump

Cooling

Ceiling Fan(s), Heat Pump

Appliances

Included: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Range Hood
Laundry: Laundry Room

Features

Low Flow Plumbing Fixtures, Open Floorplan, Bathtub/Shower Combination
Flooring: Carpet, Laminate
Windows: Double Pane Windows
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 2,450
Total interior livable area: 2,450 sqft
Finished area above ground: 2,450
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: Concrete, Parking Pad
Uncovered spaces: 4

Features

Levels: Two
Stories: 2
Entry location: Front
Patio & porch: Deck, Front Porch, Side Porch
Exterior features: Lighting, Private Yard, Rain Gutters, Fenced Yard

Lot

Size: 0.36 Acres
Features: Back Yard, Gentle Sloping, Open Lot

Details

Parcel number: 076420815920
Zoning: TRP
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Brick Veneer, Masonite
Foundation: Block, Crawlspace
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: $251/sqft
Tax assessed value: $595,724
Annual tax amount: $5,145
Date on market: 8/31/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Lease term: Month To Month
Tenant pays: All Utilities, Electricity, Sewer, Water

Estimated market value

$594,100

$564,000 - $624,000

$1,647/mo

Price history

Date	Event	Price
8/31/2026	Listed for sale	$615,000+272.7%$251/sqft
Source: Doorify MLS #10189778 Report a problem
10/5/2016	Listing removed	$975+5.4%
Source: Rhyne Management Associates, Inc. Report a problem
7/1/2015	Sold	$165,000+8.6%$67/sqft
Source: Public Record Report a problem
6/2/2015	Listing removed	$925
Source: Rhyne Management Associates, Inc. Report a problem
5/29/2015	Listed for rent	$925
Source: Rhyne Management Associates, Inc. Report a problem
12/27/2002	Sold	$152,000$62/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,146 +2.2%	$595,724
2024	$5,035 +115.6%	$595,724 +160%
2023	$2,335 +3.8%	$229,087
2022	$2,250 +2%	$229,087
2021	$2,205 -0.5%	$229,087
2020	$2,216 +22%	$229,087 +38.1%
2019	$1,816	$165,870
2018	$1,816 +10.7%	$165,870
2017	$1,641 +1.5%	$165,870
2016	$1,617 -4.4%	$165,870 -1.1%
2015	$1,692 +5.9%	$167,755
2014	$1,597	$167,755
2013	--	$167,755
2012	--	$167,755
2011	--	$167,755
2010	--	$167,755
2009	--	$167,755
2008	--	--
2007	--	--
2006	--	--
2005	--	--
2004	--	--
2003	--	--
2002	--	--
2001	--	--