Sales comparison approach using recent sales of similar units within the same complex. Adjusted for size and condition.
Updated 2BR/2BA Condo Steps from UNCC and Light Rail
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.
See the properties helping shape the valuation.
Comparable sales
- Same living area
- Same year built
- 95 SF larger
- Same year built
- Same living area
- Same year built
A 1988 traditional.
Building
Site & utilities
College Downs
Researched nearby locations
Location
1645 Arlyn Cir Unit M, Charlotte, NC 28213
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.
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.
A factual market snapshot around 1645 Arlyn Cir Unit M.
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.
Multi-Family Residential
Zoning
Research-indicated uses
- Multi Family Residential
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- Same living area
- 95 SF larger
What the research supports — and what is still worth verifying.
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.
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm HOA regulations and fees.
- Schedule property inspection to assess condition.
- Verify recent updates and renovations.
- Review rental market trends in the area.
- Assess potential for appreciation based on market conditions.
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.