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1909 Pegram Street
Charlotte NC 28205 US

$1,899,000

Active Listing ID 4317137
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14 bed
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11.00 Bath (7 Full , 4 Half)
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Lot: 0.50 Acres
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Other

$1,899,000

Active Listing ID 4317137
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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. 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.

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Property Features

  • Facts
  • Lot Size: 0.50 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 7
  • 1/2 Bathrooms: 4
  • Cooling System: Central Air, Ceiling Fan(s)
  • Floor Covering: Vinyl, Wood
  • Roof Type: Shingle
  • Heating Fuels: Heat Pump (Heating)

School Information

  • School
  • Unspecified(Elementary)
  • Unspecified(MiddleSchool)
  • Unspecified(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1899000
  • unparsedaddress: 1909 Pegram Street
  • postalcity: Charlotte
  • stateorprovince: NC
  • country: US
  • postalcode: 28205
  • bathroomsfull: 7
  • bathroomshalf: 4
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.5
  • lotsizeunits: Acres
  • lotsizearea: 0.5
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 35.235231
  • longitude: -80.813829
  • listagentfullname: Peter Rieke
  • listagentemail: prieke@prrealtycarolinas.com
  • listagentkey: 3yd-CMLSNC-52831
  • listagentmlsid: 52831
  • listagentpreferredphone: 7045751993
  • listagentofficephone: 7045751993
  • listofficekey: 3yd-CMLSNC-161704
  • listofficemlsid: 161704
  • disclaimer: Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CMLSNC
  • yearbuilt: 1968
  • listingcontractdate: 2025-11-03
  • listagenturl: http://www.cbunited.com/statesville
  • countyorparish: Mecklenburg
  • parcelnumber: 083-096-12
  • elementaryschool: Unspecified
  • highschool: Unspecified
  • 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
  • cooling: Central Air, Ceiling Fan(s)
  • constructionmaterials: Brick Full, Wood
  • flooring: Vinyl, Wood
  • heating: Heat Pump (Heating)
  • numberofunitstotal: 7
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Parking Lot
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Coldwell Banker Real Estate
  • interiorfeatures: Cable Prewire
  • windowfeatures: Insulated Windows
  • rooms: Bathroom 10, Bathroom 5, Bedroom 7, Bedroom 3, Bathroom 2, Bathroom 6, Bathroom 8, Bathroom 11, Bedroom 11, Bedroom 12, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 14, Bathroom 9, Bedroom 9, Bathroom 4, Bedroom 13, Bathroom 3, Bedroom 8, Bathroom 1, Bedroom 10, Bathroom 7, Bedroom 5, Bedroom 2
  • utilities: Cable Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -80.81383, 35.23523
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Coldwell Banker United, Realtors of Charlotte, NC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"prieke@prrealtycarolinas.com", "ListBrokerageCity":"Statesville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"jehunter@cbunited.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/CMLSNC/c5ababc31d452e2b011d45352b5e001b/20081029201823178.jpeg", "ListBrokerageName":"Coldwell Banker United, Realtors of Charlotte, NC", "ListBrokeragePhone":"(704) 872-0923", "ListBrokeragePostalCode":"28677", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1602 Davie Avenue", "ListBrokerageWebsiteUrl":"http://www.cbunited.com/statesville", "ListOfficeAddress1":"3440 Toringdon Way, Suite 110 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"161704", "ListOfficeCity":"Charlotte", "ListOfficeCountry":"USA", "ListOfficeEmail":"lance.branham@cbcarolinas.com", "ListOfficePostalCode":"28277", "ListOfficeStateOrProvince":"NC", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Charlotte, NC", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1909-Pegram-St-Apt-3_Charlotte_NC_28205_M62963-50844?f=listhub&s=CMLSNC&m=4317137&c=rexren", "MLSModificationTimestamp":"2025-12-12 14:16:07", "Neighborhoods":[{"Description":null, "Name":"Villa Heights"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"L4 &P5 B12 M146-59", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/23/2025 2:11:00 AM GMT
Source Updated Date: 12/25/2025 12:57:24 PM GMT

Courtesy of: Peter Rieke, Coldwell Banker Realty, prieke@prrealtycarolinas.com

Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.