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
$1,100,000
1519 Montgomery St, Charlotte, NC 28216
16beds
5,400sqft
Eightplex
Built in 1952
-- sqft lot
$1,103,700 Zestimate®
$204/sqft
$1,260 Estimated rent
Home value
$1,103,700
$1.02M - $1.19M
$1,260/mo
Zestimate® history
Owner options
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$1,260/mo
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$1,260/mo
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$6,581/mo
Est. payment
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$6,581/mo
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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 & HOA
Location
- Region: Charlotte
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $941,100
- Tenant pays: All Utilities
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2025 | Sold | $1,100,000+76%$204/sqft |
Source: Public Record Report a problem | ||
| 11/17/2017 | Sold | $625,000-10.7%$116/sqft |
Source:  Canopy MLS as distributed by MLS GRID #3283899 Report a problem | ||
| 8/9/2017 | Pending sale | $699,900$130/sqft |
Source: Austin Banks Real Estate Company LLC #3283899 Report a problem | ||
| 7/31/2017 | Listed for sale | $699,900$130/sqft |
Source: Austin Banks Real Estate Company LLC #3283899 Report a problem | ||
| 7/5/2017 | Pending sale | $699,900$130/sqft |
Source: Austin Banks Real Estate Company LLC #3283899 Report a problem | ||
| 6/15/2017 | Listed for sale | $699,900$130/sqft |
Source: Austin Banks Real Estate Company LLC #3283899 Report a problem | ||
| 5/27/2017 | Pending sale | $699,900$130/sqft |
Source: Austin Banks Real Estate Company LLC #3283899 Report a problem | ||
| 5/22/2017 | Listed for sale | $699,900+118.7%$130/sqft |
Source: Austin Banks Real Estate Company LLC #3283899 Report a problem | ||
| 5/16/2017 | Sold | $320,000-1.5%$59/sqft |
Source: Public Record Report a problem | ||
| 4/8/2014 | Listing removed | $800 |
Source: LS LIVING Report a problem | ||
| 1/13/2014 | Listed for rent | $800 |
Source: LS LIVING Report a problem | ||
| 12/17/2012 | Sold | $325,000+14%$60/sqft |
Source: Public Record Report a problem | ||
| 11/7/2002 | Sold | $285,000+58.3%$53/sqft |
Source: Public Record Report a problem | ||
| 3/20/2002 | Sold | $180,000+56.5%$33/sqft |
Source: Public Record Report a problem | ||
| 2/27/1998 | Sold | $115,000$21/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $941,100 |
| 2024 | $8,354 +4.2% | $941,100 |
| 2023 | $8,016 +12.3% | $941,100 +48.1% |
| 2022 | $7,138 +1.3% | $635,600 |
| 2021 | $7,050 +0.8% | $635,600 |
| 2020 | $6,991 +1.8% | $635,600 |
| 2019 | $6,866 | $635,600 +314.9% |
| 2018 | -- | $153,200 |
| 2017 | $2,197 | $153,200 |
| 2016 | $2,197 | $153,200 |
| 2015 | $2,197 | $153,200 |
Find assessor info on the county website
Neighborhood: Biddleville
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Nearby schools
GreatSchools rating
- 4/10Bruns Avenue ElementaryGrades: PK-5Distance: 0.4 mi
- 3/10Ranson MiddleGrades: 6-8Distance: 4.4 mi
- 5/10West Charlotte HighGrades: 9-12Distance: 1.9 mi
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Estimated market value
$1,103,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,103,700
- North Carolina
- Mecklenburg County
- Charlotte
- 28216
- Biddleville
- 1519 Montgomery St
Nearby cities
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