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1909 Pegram Street, Charlotte, NC 28205

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For Sale

$1,899,000

14 beds • 7 baths • 4 half baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 4317137

Courtesy Of Coldwell Banker United, Realtors of Charlotte, NC

(704) 541-5111

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan, Cable Ready
  • Appliances
    Dishwasher, Microwave, Oven, Refrigerator, Washer
  • Cooling System
    Ceiling Fan(s)
  • Floor Covering
    Vinyl, Wood
  • Lot Size
    0.5 Acres

Map and Directions

Directions to 1909 Pegram Street, Charlotte, NC 28205

Home seller CENTURY 21 DiGioia Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 DiGioia Realty

(704) 506-6434
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.