Amazing Opportunity at a very rare Eight-Plex on the precipice of greatness. Great chance to properly utilize and manage this property for proven $900/mo rent (UNIT A in 1519) for a 12+% gross Cap potential on list price. ALL but one UNIT OCCUPIED, full lease up is on the way - Several tenants are MTM, others have leases expiring this year, with the right management strategy, This property is a huge Cash cow with potential of $86,400 Annual rents just by meeting the current market!
Sold for $1,100,000 on 08/18/25
$1,100,000
1519 Montgomery St, Charlotte, NC 28216
16beds
5,400sqft
Eightplex
Built in 1952
-- sqft lot
$1,100,600 Zestimate®
$204/sqft
$1,704 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Forced air
Cooling
- Central
Features
- Flooring: Tile
Interior area
- Total interior livable area: 5,400 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 0.31 Acres
- Features: Corner Lot
Details
- Parcel number: 07818211
- Zoning: Multi Family Dwelling
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Garden
- Property subtype: Eightplex
Condition
- Year built: 1952
Utilities & green energy
- Sewer: City Sewer
Community & neighborhood
Location
- Region: Charlotte
Other
Other facts
- Driveway: Gravel
- Equipment: Electric Range/Oven, Range/Hood
- Sewer: City Sewer
- Tenant Pays: All Utilities
- Water: City Water
- Foundation Details: Crawl Space
- Heating: Central Air
- Doors Windows: Insulated Windows
- Flooring: Laminate Wood
- Lot Features: Corner Lot
- Zoning: Multi Family Dwelling
- Architectural Style: Garden
- Property Sub Type: Eightplex
- Parking: Driveway, Parking Space - 4+
- New Construction YN: N
- Construction Type: Site Built
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Estimated market value
$1,100,600