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The Penrose apartments in Charlotte, NC

Updated

The Penrose

327 W Tremont Ave, Charlotte, NC 28203

Live pricing, refreshed

22
Units Listed
$1,460
Starting at
$2,019
Average
$3,184
Highest
$2.67
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Dilworth rent trends

Beds

Pricing by Bedroom

Studio
$1,488
from $1,460 · 2 units
~574 sqft avg
1 Bed
$1,918
from $1,725 · 17 units
~711 sqft avg
2 Bed
$2,942
from $2,819 · 3 units
~1,120 sqft avg
Specials Available 22 units

2 Weeks Free

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (60)

Largest 8 movers of 60

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: modeled from how many distinct units we have observed over time
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).

Est. Monthly Revenue

$1.0M

$13M annual run rate

Modeled estimate

Est. Occupancy

95%

of about 468 units (modeled from leasing activity)

Effective Rent on New Leases

$2,343

vs $2,019 current asking

Recent Lease Activity

78 units tracked; 56 assumed leased, 22 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

22

Good availability

7 floor plans

Move-in Specials

22

22 units with active promos

Use competing promos as leverage

Negotiation Leverage

Strong leverage

High availability and active promos suggest this building is eager to fill units.

Available Units

22 units
Studio / 1 Bath S1
$1,460/mo
574 ft² · $2.54/ft\u00B2 · #22
2 Weeks Free
Down $55 since Jul 11 (was $1,515)
Studio / 1 Bath S1
$1,515/mo
574 ft² · $2.64/ft\u00B2 · #21
2 Weeks Free
1 Bed / 1 Bath A2
$1,725/mo
659 ft² · $2.62/ft\u00B2 · #12
2 Weeks Free
Down $50 since Jul 11 (was $1,775)
1 Bed / 1 Bath A1
$1,764/mo
645 ft² · $2.73/ft\u00B2 · #6
2 Weeks Free
1 Bed / 1 Bath A2
$1,775/mo
664 ft² · $2.67/ft\u00B2 · #11
2 Weeks Free
Down $79 since Jul 11 (was $1,854)
1 Bed / 1 Bath A2
$1,794/mo
678 ft² · $2.65/ft\u00B2 · #9
2 Weeks Free
Up $109 since Jul 11 (was $1,685)
1 Bed / 1 Bath A1
$1,805/mo
695 ft² · $2.60/ft\u00B2 · #1
2 Weeks Free
Down $27 since Jul 8 (was $1,832)
1 Bed / 1 Bath A1
$1,819/mo
645 ft² · $2.82/ft\u00B2 · #3
2 Weeks Free
Down $27 since Jul 8 (was $1,846)
1 Bed / 1 Bath A1
$1,839/mo
645 ft² · $2.85/ft\u00B2 · #4
2 Weeks Free
Down $27 since Jul 8 (was $1,866)
1 Bed / 1 Bath A1
$1,845/mo
645 ft² · $2.86/ft\u00B2 · #2
2 Weeks Free
Down $27 since Jul 8 (was $1,872)

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Charlotte, NC notes

No resident notes for this property yet.

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