1909

Pegram Street

Charlotte | North Carolina

The Height of

Villa Living

View Photos Watch Film 360° VTour Open House

Coldwell Banker Realty - Charlotte

Presented At

$1,899,000

Bedrooms

Bathrooms

Living

5,621

SQFT

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1909

Pegram Street

Charlotte | North Carolina

1909 Pegram Street, Charlotte, NC 28205, Charlotte, North Carolina, United States. , Charlotte , North Carolina 28205

14 Bedrooms Single Family Detached

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.

Gallery

Property Location

1909 Pegram Street, Charlotte, NC 28205, Charlotte, North Carolina, United States., Charlotte North Carolina

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 1909 Pegram Street, Charlotte, NC 28205, Charlotte, North Carolina, United States have?

This house at 1909 Pegram Street, Charlotte, NC 28205, Charlotte, North Carolina, United States features 14 bedrooms with 5,621 square feet of living space.

What is the size of 1909 Pegram Street, Charlotte, NC 28205, Charlotte, North Carolina, United States?

This property offers 5,621 square feet of living space.

What is the listing price for 1909 Pegram Street, Charlotte, NC 28205, Charlotte, North Carolina, United States?

This property is listed at $189,900,000, which equals $33784 per square foot.

What type of property is 1909 Pegram Street, Charlotte, NC 28205, Charlotte, North Carolina, United States?

This is a house located in Charlotte, North Carolina. The property is situated in an established neighborhood with convenient access to local amenities and services.

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