For sale

$615,000

Est. $4,033/mo —

•

2,450

sq ft

133 Rainbow Ct, Cary, NC 27511

About this home

TENANT OCCUPIED. SHOWING TIMES WILL BY APPOINTMENT ONLY. 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. TRANSFERABLE 10YR TERMITE COVERAGE. BOTH UNITS CURRENTLY MONTH TO MONTH AND WOULD LIKE TO SIGN NEW LEASE AND CONTINUE OCCUPANCY. LARGE PRIVATE FENCED YARD ON CUL-DE-SAC. WALKING DISTANCE TO DOWNTOWN CARY, PARK, BUS SERVICE AND SHOPPING.

Multi-familyProperty Type

1973Year Built

0.36 acresLot Size

$251Price/Sq.Ft.

4 spacesParking

Listed by Gerald Spencer • Spencer Enterprises

Listing updated: Sep 23, 2026 at 02:59pm

Redfin checked: a minute ago

•Source:TMLS #10189778

Payment calculator

$4,033 per month

Principal and interest$3,440

Property taxes

$429

HOA dues

Home insurance

$164

Utilities

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Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Cary Elementary

Public PreK-5 • Assigned • 0.8mi

8/10

East Cary Middle School

Public 6-8 • Assigned • 0.6mi

8/10

Cary High

Public 9-12 • Assigned • 1.2mi

7/10

Provided by GreatSchools

About Cary Town

Center

Cary Town Center, located between Walnut Street and Maynard Road, is a retail and civic Cary neighborhood with an indoor mall footprint and a ring of big-box corridors. The neighborhood’s character concentrates around the former Cary Towne Center site along Walnut Street, where wide boulevards, parking fields, and redevelopment parcels set a transitional, in-motion feel. Nearby, Downtown Cary’s brick storefronts and small-lot blocks add a walkable counterpoint to the auto-oriented edges. Cary Arts Center and The Cary Theater anchor the cultural calendar with galleries, performances, and film. Bond Park’s trails and lake bring a green break from the commercial grid. Architecture shifts from mid-century ranch streets to newer mixed-use plans and contemporary infill.

Provided by Walk Score and Local Logic

Offer insights

133 Rainbow Ct · $615,000

Strong offer

$615K and above

75% chance or better to win

Why $615K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 61 days.

SALE-TO-LIST

Most homes are selling 5% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Open floorplan
Bathtub/shower combination
Low-flow plumbing fixtures
Double pane windows

Bedrooms
5 bedrooms

Bathrooms
2 full bathrooms
2 half bathrooms

Kitchen
Dishwasher
Electric oven
Electric range
Range hood
Refrigerator
Electric water heater

Laundry & utility
Dedicated laundry room

Flooring
Carpet
Laminate

Heating & cooling
Heat pump heating
Heat pump cooling
Ceiling fans

Sale and tax history for 133 Rainbow Ct

Sale History
Tax History

Date

Event

Price

TMLS #10189778

Aug 31, 2026

Listed

$615,000

$251/sq ft

TMLS #653244

Dec 11, 2023

Price Changed

$152,000

$62/sq ft

Dec 27, 2002

Sold

$152,000

$62/sq ft

Nov 18, 2002

Price Changed

$241,885

$99/sq ft

Nov 18, 2002

Listing Removed

—

Aug 14, 2002

Listed

$152,000

$62/sq ft

TMLS #2004321

Jul 1, 2015

Sold

$165,000

$67/sq ft

May 29, 2015

Pending

—

May 6, 2015

Contingent

—

Apr 28, 2015

Listed

$189,000

$77/sq ft

Public Records

Dec 27, 2002

Sold

$152,000

$62/sq ft

Public Records

Aug 29, 1973

Sold

$45,500

$19/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$5,146 (+2.2%)

$350,000 + $245,724

$595,724

2024

$5,035 (+115.6%)

$350,000 + $245,724

$595,724

2023

$2,335 (+3.8%)

$350,000 + $245,724

$595,724

2022

$2,250 (+2.0%)

$75,000 + $154,087

$229,087

2021

$2,205 (−0.5%)

$75,000 + $154,087

$229,087

2020

$2,216 (+22.0%)

$75,000 + $154,087

$229,087

2019

$1,816 (+6.4%)

$75,000 + $154,087

$229,087

2018

$1,706 (+4.0%)

$50,000 + $115,870

$165,870

2017

$1,641 (+1.5%)

$50,000 + $115,870

$165,870

2016

$1,616 (−4.4%)

$50,000 + $115,870

$165,870

2015

$1,691 (+6.0%)

$50,000 + $115,870

$165,870

2014

$1,596 (+4.8%)

$38,000 + $129,755

$167,755

2013

$1,523 (+2.3%)

$38,000 + $129,755

$167,755

2012

$1,489

$38,000 + $129,755

$167,755

2011

$1,489

$38,000 + $129,755

$167,755

Public record

Public record
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.36 Acres

Year renovated

1973

Finished Sq. Ft.

2,456

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,456

Year built

1973

Style

Multi-Family (2-4 Unit)

County

Wake County

APN

0764.20 81 5920 000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 10, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 105° expected this year, 16 days in 30 years

6/10 Wind Factor

60% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Cary, NC • 27511

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

91/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Cary. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.1 hrs

6.4 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 133 Rainbow Ct

$601,410

$14K under list price of $615K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $575K to $715K.

SOLD AUG 21, 2026
$617,500 Last sold price
5 beds3 baths2,624 sq ft
128 Rainbow Ct, Cary, NC 27511
$16/sq ft
SOLD JUN 22, 2026
$615,000 Last sold price
2 beds2.5 baths2,456 sq ft
109 Rainbow Unit 109-111, Cary, NC 27511
$1/sq ft
smaller lot
SOLD SEP 21, 2026
$640,000 Last sold price
3 beds2.5 baths1,739 sq ft
323 Walnut St, Cary, NC 27511
$117/sq ft
smaller lot
4 years newer
SOLD SEP 21, 2026
$715,000 Last sold price
4 beds3 baths2,702 sq ft
1001 Wilshire Dr, Cary, NC 27511
$14/sq ft
larger lot
3 years older
SOLD JUL 14, 2026
$630,000 Last sold price
5 beds2.5 baths2,424 sq ft
106 Bradshire Ct, Cary, NC 27513
$9/sq ft
smaller lot
13 years newer
SOLD JUL 10, 2026
$575,000 Last sold price
4 beds2 baths1,657 sq ft
410 E Park St, Cary, NC 27511
$96/sq ft
20 years older

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