$156,500
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
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.
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.
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.
Newell Elementary
Elementary
James Martin Middle
Middle
Julius L. Chambers High School
High
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.
Updated condo in a growing area near UNCC, offering strong rental potential and steady appreciation.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$145K
Midpoint
$157K
High
$168K
$184/SF estimated price per square foot
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.
The University area has experienced steady growth due to its proximity to UNCC and expanding commercial developments.
Proximity to UNCC, light rail, shopping centers, and major highways enhances convenience and appeal.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$55.5/SF
Sale of Unit J in the same building.
Claim this property page to feature your contact info and connect directly with buyers researching this address.
One-time fee. Your info appears on this page across CompCasa.
CompCasa is a marketing and technology platform. All brokerage services are provided by licensed partners.