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1909 Pegram Street, 
Charlotte, NC 28205

$1,894,000


14

Beds


11

Baths


5,752

Sq Ft


Multi-Family

Coming Soon

Listed by

Peter Rieke

Last updated:

October 30, 2025, 12:11 PM

MLS#

4317137

Source:

CH

Company Logo

About This Home

1909 Pegram Street

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 (add $15k for furnishings package). 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.

Home Facts

Multi-Family

11 Baths

14 Bedrooms

Built in 1968

Price Summary

1,894,000

$329 per Sq. Ft.

MLS #:

4317137

Last Updated:

October 30, 2025, 12:11 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

14

Bathrooms

Total Bathrooms:

11

Full Bathrooms:

7

Interior

Living Area:

5,752 Sq. Ft.


Structure

Structure

Building Area:

5,752 Sq. Ft.

Year Built:

1968


Lot

Lot Size (Sq. Ft):

21,780


Finances & Disclosures

Finances

Price:

$1,894,000

Price per Sq. Ft:

$329 per Sq. Ft.

MLS Logo
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