1909 Pegram Street
Charlotte, NC
$1,899,000
Status: Active
Beds: 14
Full Baths: 7
Half Baths: 4
Sq ft: 5752
Sub Division: Villa Heights
Elementary School: Unspecified
Middle School: Unspecified
High School: Unspecified
Year Built: 1968
Acerage: 0.5 Acres
MLS #: 4317137
Status: Active
Facebook Twitter Pinterest Instagram eMail To

Details & Amenities

Nestled in the heart of Charlotte’s vibrant Villa Heights neighborhood, 1909 and 1917 Pegram Street present a rare and compelling investment opportunity. These two multifamily properties—a triplex at 1909 Pegram St. and a quadraplex at 1917 Pegram St.—are offered together as a seven-unit portfolio, each on its own parcel but sold as a unified investment. Just a short walk from the bustling NODA district, residents enjoy immediate access to Charlotte’s premier nightlife, restaurants, breweries, and the Lynx Blue Line, making this location highly desirable for both short-term and long-term tenants. Both buildings underwent a complete renovation in 2020, transforming them into modern, turnkey residences. Each unit is thoughtfully outfitted with a full appliance package, including stackable washer/dryer units, ensuring convenience and comfort for tenants. The interiors are fully furnished, reflecting the properties’ history as corporate short-term rentals for the past five years. This setup allows a new owner to seamlessly continue short-term operations or pivot to long-term leasing strategies. The exterior spaces are equally appealing, featuring green space shaded by mature trees and a fenced-in dog/play park, enhancing the livability and charm of the community. With all units vacated intentionally at the end of October 2025, the portfolio offers a clean slate for investors to place vetted tenants on their own terms, maximizing rental income and operational control. The attached income evaluation of this portfolio is based on a Pro Forma financial model for long-term rentals, which outlines the income potential and projected returns. Given the properties’ proximity to downtown Charlotte, and the ever-growing popularity of NODA, there is significant upside potential. Whether continuing with furnished short-term rentals or transitioning to long-term leases, this seven-plex portfolio is a strategic acquisition for investors seeking growth, flexibility, and location-driven value.
Property Type:
Residential Income


Map
This property is a listing of Coldwell Banker Realty.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
© 2025 Canopy MLS. All rights reserved.
Claims of Copyright Infringement & Related Issues (17 USC § 512 et seq.)