1917 Pegram Street
Charlotte, NC 28205
8 bd · 4 ba · 3,584 sqft · $315/sqft
Highlights
About This Home
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.
Property Details
Interior Details
- Heating
- Natural Gas
- Flooring
- Laminate
- Roomother
- Primary Bedroom
- Bedroom(s)
- Bathroom(s)
- Kitchen
- Living Room
- Dining Room
- Half Bathrooms
- 4
- Laundry Features
- In Hall
- Mainlevelgarageyn
- 0
Dwelling And Structure
- Architectural Style
- Traditional
Square Footage And Levels
- Above Grade Finished Area
- 3584
- Below Grade Finished Area
- 0
Parking And Garage
- Parking Features
- Parking Lot
Exterior Features
- Roof
- Architectural Shingle
- Construction Materials
- Brick Partial
- Wood
Lot And Land
- Fencing
- Back Yard
- Wood
- Lot Size Units
- Acres
Basement And Foundation
- Foundation Details
- Slab
Utilities
- Sewer
- Public Sewer
- Utilities
- Cable Available
- Water Source
- City
Financial Information
- Citytaxespaidto
- Charlotte
Zoning And Restrictions
- Zoningspecification
- N1- C
Multi Unit Details
- Total Number Of Units
- 4
Listed by Peter Rieke (704-575-1993) · Coldwell Banker Realty (704-541-5111)
Location
- Address
- 1917 Pegram Street
- City
- Charlotte, NC 28205
- Community
- Villa Heights
Schools
- Elementary
- Unspecified
- Middle
- Unspecified
- High
- Unspecified
School assignments may change. Contact the school district to confirm.
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