1909-1917 Pegram St Multi-Family FOR SALE


Charlotte, NC - Villa Heights
$1,899,000 USD
704-575-1993
, Charlotte, NC for Sale
$1,899,000 USD
Multi-Family - FOR SALE
1/27
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1909-1917 Pegram St
Charlotte, NC
Villa Heights


OVERVIEW

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 intentionally made 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 valuation of this portfolio is based on a Pro Forma financial model, 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. 1909 Pegram are triplex units of 725 sf - 2 bdrs and 1 bath in each, total building is 2172 sf. 1917 Pegram has 4 units. Each unit is 895 sf with 2 bdrs and 1.5 baths. Sellers would consider selling 2 parcels separately. Linens and towels come with each unit.

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Peter RiekeColdwell Banker Commercial RealtyMore Info
704-575-1993

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Peter RiekeColdwell Banker Commercial RealtyMore Info
704-575-1993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.