Listing provided courtesy of Keller Williams Lake NormanMLS# 4381602MLS ProviderContact Information: [email protected]
  • 47 days on site
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PRICE IMPROVEMENT!! Two Home, one great price! Step into a piece of Forest City history at 160/164 Arlington Street, where timeless character and endless opportunity come together on one remarkable property. Nestled beneath mature trees in an established neighborhood, this unique estate offers the chance to restore and reimagine a property filled with charm, character, and income producing potential. The main residence is rich with the craftsmanship and architectural details of a historic era and is ready for renovation to bring its full beauty back to life. Original features and historic charm provide the perfect foundation for investors, renovators, or visionaries seeking to create something truly special. With thoughtful restoration, this property could become a stunning private estate, a boutique bed and breakfast, an elegant event retreat, or a nostalgic short term rental destination full of warmth and storybook appeal. Adding even more value and flexibility is the impressive three car garage, workshop, and private two bedroom additional dwelling unit above. Currently operating as a successful income producing Airbnb, this separate living space already offers built in revenue potential while the main residence is restored or reimagined. Ideal for guest accommodations, an in law suite, owners quarters for a bed and breakfast, or continued short or long term rental income, the possibilities are endless. The workshop and garage space also provide room for hobbies, storage, business use, or future customization. Whether envisioned as a profitable income producing property, a multi generational family compound, a charming bed and breakfast with private owners guest house, or a beautifully restored historic estate, the possibilities at Arlington Street are truly endless. This is more than just real estate. It is an opportunity to breathe new life into a historic property while creating lasting value in one of Western North Carolina’s growing communities. Investors, dreamers, and entrepreneurs alike will immediately recognize the rare potential waiting to be unlocked at 160 & 164 Arlington Street.

Source: Canopy MLS, MLS#: 4381602

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  • Property Type
    Residential

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  • Median Age
    39
  • Population Density
    335
  • College Educated
    25%
  • Estimated Median Income
    $35,993
  • Estimated Total Home Owners
    5,091
  • Estimated Total Renters
    3,351
  • Owner / Renter Divide
    60% / 40%
  • Estimated Average Household Size
    2
  • Total Population
    21,275
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 160 & 164 Arlington Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/22/2026Source: Canopy MLS Price Reduction
$245,000 -10.9%
5/13/2026Source: Canopy MLS Added to Database
May 13, 2026