1909 Pegram Street, Charlotte, NC 28205

• 14 beds |
• 11 baths |
• 5,752 sqft

Property 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.

Listing Status:

Active

Listing Office:

Coldwell Banker Realty : 704-541-5111

MLS ID:

4317137

Interior

• General: Cable Prewire
• Appliances: DishwasherDisposalElectric RangeElectric Water HeaterENERGY STAR Qualified WasherENERGY STAR Qualified DishwasherENERGY STAR Qualified DryerENERGY STAR Qualified RefrigeratorMicrowaveOvenRefrigeratorWasher
• Laundry: Utility Room
• Flooring: VinylWood
• A/C: Ceiling Fan(s)Central Air
• Heating: Heat Pump

Exterior

• Parking: Parking LotOther - See Remarks

Construction

• Roofing: Architectural Shingle
• Windows: Insulated Window(s)
• General: Site BuiltCrawl SpaceSlab

Location

• Road/Access: ConcretePaved
• Originating MLS: carolina
• County: Mecklenburg

Lot

• Zoning: N1-C083-096-12
• Fencing: Fenced

Utilities

• Utilities: Cable Available
• Water: City
• Sewer: Public Sewer

Financial

• Source: carolina

This listing courtesy of Coldwell Banker Realty