1909 Pegram Street, Charlotte, NC 28205
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
Listed by:peter rieke
Office:coldwell banker realty
MLS#:4317137
Source:CH
1909 Pegram Street,Charlotte, NC 28205
$1,894,000
- 14 Beds
- 11 Baths
- - sq. ft.
- Multi-family
- Coming Soon
Price summary
- Price:$1,894,000
About this home
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 scheduled to be vacant by 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 valuation of this portfolio is based on a Pro Forma financial model, 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.
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Home facts
- Year built:1968
- Listing ID #:4317137
- Updated:October 28, 2025 at 09:10 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:11
- Full bathrooms:7
- Half bathrooms:4
Heating and cooling
- Cooling:Heat Pump
- Heating:Floor Furnace, Heat Pump, Natural Gas
Structure and exterior
- Year built:1968
Schools
- High school:Unspecified
- Elementary school:Unspecified
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,894,000
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