1917 Pegram Street, Charlotte, NC 28205
- $1,130,000
- 8
- BD
- 3,584
- SqFt
Listing courtesy of Coldwell Banker Realty. prieke@prrealtycarolinas.com
Sold listing courtesy of Stephen Cooley Real Estate
- Sold Price
- $1,130,000
- List Price
- $1,175,000
- MLS#
- 4333674
- Status
- CLOSED
- Days on Market
- 34
- Property Type
- Residential Income
- Architectural Style
- Traditional
- Year Built
- 1969
- Closing Date
- Feb 09, 2026
- Bedrooms
- 8
- Full Baths
- 4
- Half Baths
- 4
- Lot Size
- 11,325
- Lot Size Area
- 0.26
- Living Area
- 3,584
- Sq Ft Total
- 3584
- County
- Mecklenburg
- Subdivision
- Villa Heights
- Special Conditions
- None
Property Description
Nestled in the heart of Charlotte’s vibrant Villa Heights neighborhood, 1917 Pegram Street presents a rare and compelling investment opportunity. 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. The building underwent a complete renovation in 2020, transforming it into a modern, turnkey set of 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 property 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 property 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 quadraplex is a strategic acquisition for investors seeking growth, flexibility, and location-driven value.
Additional Information
- Floor Coverings
- Laminate
- Equipment
- Dishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Oven, Refrigerator, Washer/Dryer
- Foundation
- Slab
- Laundry Location
- In Hall
- Heating
- Natural Gas
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Brick Partial, Wood
- Roof
- Architectural Shingle
- Parking
- Parking Lot
- Driveway
- Concrete, Paved
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- Total Property HLA
- 3584
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