Property listing for 1645 Arlyn Cir Unit M, Charlotte, NC 28213
For SaleCondo

$156,500

1645 Arlyn Cir Unit M, Charlotte, NC 28213

Updated 2BR/2BA Condo Steps from UNCC and Light Rail

2 Bed · 2 Bath · 847 Sq Ft

Compact, updated unit with strong rental potential and transit access

2

Beds

2

Baths

847

Sq Ft

1988

Built

None

Garage

About 1645 Arlyn Cir Unit M

Just under a mile from the University of North Carolina at Charlotte and less than a mile to the Lynx Blue Line, this 2-bedroom, 2-bath condominium at 1645 Arlyn Cir Unit M gives you immediate access to campus life, transit, and the growing retail corridor that is reshaping University-area Charlotte.

Inside 847 square feet you’ll find a thoughtfully updated interior that makes efficient use of the layout. The living area opens to a kitchen outfitted with modern appliances and finishes; updated flooring runs through the main living spaces and bedrooms, creating a clean, contemporary feel. Both full bathrooms are functional and well-maintained, supporting either owner-occupancy or a rental setup. Central air and an electric heat pump keep comfort easy year-round.

Practical features add to the unit’s appeal: off-street parking with permit passes and designated visitor spots removes one common urban hassle, and the building’s construction and roof (1988, wood frame with asphalt shingles) are consistent with comparable units nearby. This unit’s condition is described as good, with recent updates reducing near-term maintenance needs.

Investors should note the strong rental demand in this market. Comparable rentals in the complex indicate an estimated monthly rent around $1,300, producing a healthy gross rental yield in line with nearby units. For first-time buyers, the price point makes a practical entry into Charlotte real estate without sacrificing access to the light rail, UNCC, IKEA, and The Shoppes at University Place—all within a short drive or quick transit ride.

Buyers should verify HOA rules and fees, and schedule an inspection to confirm condition and systems prior to offer. With consistent area appreciation and a location that supports both tenant demand and resale value, this unit represents a pragmatic blend of convenience, affordability, and upside in Charlotte’s University corridor.

Home Highlights

Move-in ready conditionRecently updated flooring and appliancesExcellent transit access — 0.8 mi to Lynx Blue Line0.7 mi to UNCC, strong student/staff rental poolEstimated monthly rent: $1,300 (rent comps)Off-street parking with permit passes and visitor spots

Property Features

Interior Features

  • 2 bedrooms, 2 full bathrooms
  • 847 square feet
  • Updated flooring throughout main living areas
  • Modern kitchen appliances
  • Open living-to-kitchen layout
  • Central air conditioning
  • Electric heat pump
  • Single-story unit

Exterior & Lot

  • Off-street parking with permit passes
  • Designated visitor parking spots
  • Asphalt roof
  • Wood-frame construction (1988)
  • No attached garage

Location & Neighborhood

  • 0.7 miles to University of North Carolina at Charlotte
  • 0.8 miles to Lynx Blue Line Light Rail Station
  • 1.2 miles to IKEA Charlotte
  • 1.5 miles to The Shoppes at University Place
  • College Downs neighborhood
  • Charlotte-Mecklenburg Schools district

Walkability & Recreation

  • Walkability Rating: 72/100 — Some Errands On Foot
  • Nearby parks and green spaces for short walks
  • Hiking and biking routes within a few miles (regional trails)
  • Golf courses: local public courses within 10+ miles
  • Running/walking paths near UNCC campus
  • Lynx light rail for easy access to citywide recreation

Neighborhood & Location

College Downs and the surrounding University corridor are defined by a mix of student-focused rentals, long-term residents, and growing retail amenities. With UNCC less than a mile away and the Lynx Blue Line within easy reach, the neighborhood offers frequent transit, convenient shopping (including IKEA and The Shoppes at University Place), and a steady introduction of new dining options. The area appeals to students, university staff, first-time buyers, and investors who value proximity to campus and strong rental demand. Streets alternate between quiet residential pockets and busier commercial stretches, giving residents both convenience and pockets of calm.

Market Insights

The University-area market around this property currently favors sellers but remains relatively balanced. Inventory sits at roughly 2.5 months—below a neutral threshold and indicative of constrained supply—while average days on market are about 64, suggesting that properties move steadily but not frenetically. Median sale price across the broader zip code is near $343,000, though that figure reflects a mix of home types; condominium units in this complex have traded recently between roughly $145,000 and $195,000, putting this listing in an attractive mid-range relative to nearby comparables. Year-over-year appreciation in the corridor is about 5%, with five-year appreciation near 25%, signaling durable demand driven by UNCC, transit stations, and expanding retail nodes.

Condo-specific dynamics are supportive: proximity to the university and the Lynx Blue Line consistently generates renter interest, and recent leases for similar units point to monthly rents in the $1,300 neighborhood (rent per sq ft ~ $1.50–$1.60), producing above-average gross yields for this price class. Given limited inventory and steady buyer interest from students, staff, and first-time purchasers, now is a favorable time for sellers and a strategic entry point for investors and buyers seeking long-term upside—provided they account for HOA rules and typical noise/turnover risks near a university.

Nearby Schools

Newell Elementary

Elementary

5/10

James Martin Middle

Middle

4/10

Julius L. Chambers High School

High

3/10

Walkability & Recreation

72
Walkability
65
Recreation

Good access to urban recreation: campus green space, nearby parks, and the Lynx line for quick trips to larger parks and trails. Regional bike/walk routes and community recreation facilities are available within a short drive or transit ride.

Investment Highlights

  • Proximity to UNCC and public transportation enhances rental potential.
  • Recent updates reduce immediate maintenance costs.
  • Steady market appreciation in the University area.
  • Off-street parking with designated visitor spots.
  • Open floor plan with modern appliances.

Key Findings

  • Built in 1988 with 847 sq ft of living space.
  • Assessed value of $132,810 in 2024.
  • Annual property tax of $1,159 in 2024.
  • Recent sales of similar units range from $145,000 to $168,000.
  • Located 0.7 miles from UNCC and 0.8 miles from the Lynx Blue Line Light Rail Station.

Things to Consider

  • Potential for noise due to proximity to university and student housing.
  • Limited storage space typical of units this size.
  • HOA restrictions may limit certain modifications or uses.

Opportunity Analysis

Updated condo in a growing area near UNCC, offering strong rental potential and steady appreciation.

Potential Use Scenarios

  • Ideal for rental to students or university staff.
  • Potential for appreciation with continued area growth.
  • Suitable for first-time homebuyers seeking affordability and convenience.

Risk Factors

  • Market fluctuations affecting rental demand.
  • HOA regulations impacting property use.
  • Potential for increased competition in rental market.

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$145K

Midpoint

$157K

High

$168K

$184/SF estimated price per square foot

82% confidence

Sales comparison approach using recent sales of similar units within the same complex. Adjusted for size and condition.

As of 2026-03-08

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$343,000
Avg Days on Market64 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$60,000

The University area has experienced steady growth due to its proximity to UNCC and expanding commercial developments.

Nearby Points of Interest

  • University of North Carolina at Charlotte (0.7 mi)
  • Lynx Blue Line Light Rail Station (0.8 mi)
  • IKEA Charlotte (1.2 mi)
  • The Shoppes at University Place (1.5 mi)

Proximity to UNCC, light rail, shopping centers, and major highways enhances convenience and appeal.

School District

DistrictCharlotte-Mecklenburg Schools
ElementaryNewell Elementary (5/10)
MiddleJames Martin Middle (4/10)
HighJulius L. Chambers High School (3/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1988
Constructionwood frame
Stories1
Roofasphalt
Heatingelectric heat pump
Coolingcentral AC
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Parkingoff-street
Parking Spaces2

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy

Zoning & Land Use

Zoning CodeR9MFCD
DescriptionMulti-Family Residential
JurisdictionCity of Charlotte

Allowed Uses

multi family residential
Current Useresidential
Assessor UseCondominium

Tax & Sale History

Tax Assessment

Total Assessed$132,810
Annual Tax (2024)$1,159

Sale History

2013-06-18$47,000

$55.5/SF

Sale of Unit J in the same building.

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