1909 Pegram Street, Charlotte NC
- 14 Bed
- 0.5 ac
For Sale $1,899,000
Remarks:
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.
Interior Features:
Cable Prewire
General Information:
| List Price: | $1,899,000 |
| Status: | For Sale |
| Bedrooms: | 14 |
| Type: | Sevenplex |
| Parking: | Parking Lot, Other - See Remarks |
| MLS Number: | CAR4317137 |
| Subdivision: | Villa Heights |
| Lot Description: | Infill Lot |
| Year Built: | 1968 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 11-14-2025 | Listed | $1,899,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Highland Mill Montessori Elementary | 1 miles | PK-05 | 8 |
| First Ward Creative Arts Acad | 1 miles | KG-05 | 5 |
| Shamrock Gardens Elementary | 1 miles | PK-05 | 4 |
| Elizabeth Traditional Elem | 2 miles | KG-05 | 7 |
| Highland Renaissance Academy | 2 miles | PK-05 | 5 |
| Druid Hills Academy | 2 miles | PK-05 | 1 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1909 Pegram Street, Charlotte NC | 0 mi | $1,899,000 | days | |
| 1917 Pegram Street, Charlotte NC | 0 mi | $1,175,000 | days | |
| 1916 Pegram Street, Charlotte NC | 0 mi | $625,000 | days | |
| 1932 Allen Street, Charlotte NC | 0.1 mi | $800,000 | days | |
| 1001 Parkwood Avenue, Charlotte NC | 0.1 mi | $615,000 | days | |
| 2115 Pinckney Avenue, Charlotte NC | 0.1 mi | $950,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28205
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Coldwell Banker Realty
1909 Pegram Street, Charlotte NC is a ft2 on a 0.500 acres lot. This is for $1,899,000. This has 14 bedrooms, baths, and was built in 1968.
Based on information submitted to the MLS GRID as of 2025-11-14 12:20:44 EST. 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. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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