# 109 Rainbow unit: 109-111, Cary, NC 27511

> **TL;DR:** 2bd/3ba residential multi family, $615,000 ($250/sqft), built 1973, 2,456 sqft.
> A/C. Est. $2,665/mo. Listed 7 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $615,000 |
| Price/sqft | $250 |
| Bedrooms | 2 |
| Bathrooms | 30 full, 1 half |
| Square Feet | 2,456 |
| Year Built | 1973 |
| Lot Size | 12,197 sqft (0.28 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 7 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,665 |
| **Total** | **$2,665** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1973
- 0.28 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 109 Rainbow unit: 109-111, Cary, NC 27511
- **County:** Wake
- **Neighborhood:** Rainbow Estates
- **Coordinates:** 35.789564, -78.768649
- **Google Maps:** https://www.google.com/maps?q=35.789564,-78.768649

## Listing Agent

- **Name:** Annette Holt
- **Brokerage:** Compass -- Cary
- **Phone:** 9198102203
- **Email:** annette.holt@compass.com

## Primary Photo

![109 Rainbow unit: 109-111 - Primary Photo](http://lh.rdcpix.com/c938e463c0acef7c99a817b70609472bl-f2193539869r.jpg)

*51 total photos available on [listing page](https://www.propertysimple.com/listing/109-rainbow-unit-109-111-cary-nc-27511-10157549)*

---

**MLS#:** 10157549 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/109-rainbow-unit-109-111-cary-nc-27511-10157549)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "109 Rainbow unit: 109-111, Cary, NC 27511",
  "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 pa",
  "url": "https://www.propertysimple.com/listing/109-rainbow-unit-109-111-cary-nc-27511-10157549",
  "image": "http://lh.rdcpix.com/c938e463c0acef7c99a817b70609472bl-f2193539869r.jpg",
  "datePosted": "2026-04-24",
  "price": 615000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "109 Rainbow unit: 109-111",
    "addressLocality": "Cary",
    "addressRegion": "NC",
    "postalCode": "27511",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 35.789564,
    "longitude": -78.768649
  },
  "numberOfRooms": 2,
  "numberOfBathroomsTotal": 3,
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 2456,
    "unitCode": "FTK"
  },
  "yearBuilt": 1973
}
```