For Sale $275,000
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.
| List Price: | $275,000 |
| Status: | For Sale |
| Bedrooms: | 8 |
| Type: | Single Family Residence |
| Parking: | Driveway, Attached Garage, Detached Garage, Garage Door Opener, Garage Faces Front, Garage Shop |
| MLS Number: | CAR4381602 |
| Subdivision: | Biltmore |
| Style: | Traditional |
| Bathrooms: | 5 |
| Lot Description: | Cleared, Level |
| Year Built: | 1947 |
| Sewer Type: | Public Sewer |
| Elementary: | Forest City-Dunbar |
| Middle: | East Rutherford |
| High: | East Rutherford |
| Date | Event | Price | $/SQFT |
| 05-27-2026 | Listed | $275,000 | N/A |
| 08-08-2025 | Under Contract | $315,000-3.08% | N/A |
| 07-12-2025 | Listed | $325,000 | N/A |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Forest City-Dunbar Elementary School | 1 miles | PK-05 | 4 |
| Forrest W. Hunt Elementary School | 2 miles | PK-05 | 8 |
| Harris Elementary School | 4 miles | PK-05 | 7 |
| Spindale Elementary School | 4 miles | PK-05 | 6 |
| Ellenboro Elementary School | 5 miles | PK-05 | 7 |
| Mt. Vernon-Ruth Elementary School | 6 miles | PK-05 | 5 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 160 & 164 Arlington Street, Forest City NC | 0 mi | $275,000 | days | |
| 159 Arlington Street, Forest City NC | 0.1 mi | $260,000 | days | |
| 144 Broadway Street, Forest City NC | 0.2 mi | $199,900 | days | |
| 136 Broadway Street, Forest City NC | 0.2 mi | $249,900 | days | |
| 276 Mulberry Street, Forest City NC | 0.2 mi | $239,000 | days | |
| 151 Magnolia Street, Forest City NC | 0.4 mi | $375,000 | days |
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
A Courtesy Listing Provided By Keller Williams Lake Norman
160 & 164 Arlington Street, Forest City NC is a 0 ft2 on a 0.310 acres lot. This is for $275,000. This has 8 bedrooms, 5 baths, and was built in 1947.
Based on information submitted to the MLS GRID as of 2026-05-27 10:11:49 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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