1909 Pegram Street
1909 Pegram Street
Charlotte, NC 28205
$1,899,000
- Bedrooms: 14
- Bathrooms:
- Lot Size: 0.5 Acres
Description
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 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 Summary
| Property Type: | Residential Income | Property Subtype : | Triplex |
| Year Built : | 1968 | Construction Type : | Site Built |
| Lot Size : | 0.5 Acres | Living Area : | 5,752 sqft |
Property Features
- Infill Lot
- Cable Prewire
- Insulated Window(s)
Appliances
- Dishwasher
- Disposal
- Electric Range
- Electric Water Heater
- ENERGY STAR Qualified Washer
- ENERGY STAR Qualified Dishwasher
- ENERGY STAR Qualified Dryer
- ENERGY STAR Qualified Refrigerator
- Microwave
- Oven
- Refrigerator
- Washer
More Information
- Construction : Brick Full, Wood
- Roof : Architectural Shingle
- Parking : Parking Lot, Other - See Remarks
- Heating : Heat Pump
- Cooling : Ceiling Fan(s), Central Air
- Water Source : City
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional
Based on information submitted to the MLS GRID as of 11-03-2025 15:20:05 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.