706 N Cleveland Street, Arlington, VA 22201 - Photo 1

1/1

$1,500,000

Sold
Closed
Single Family
3,162 Sq. Ft.

1/1

Property Description

This perfectly located property has an enormous backyard and is about a half mile to Clarendon with it's metro stop, restaurants, coffee shops, etc. Fantastic opportunity to own a well-maintained multifamily building with a Total Rental Income of $107,400 Per Year, and an impressive CAP Rate of 5.71%, this property offers dependable rental income and strong tenant demand thanks to its close proximity to the Metro. The two upper units each have 2 bedrooms, and have been freshly painted. The 2 bedrooms in the basement unit have also been renovated, painted, and have new LVP floor and updated bathroom and kitchen areas, with quartz countertops, white cabinets, and stainless steel appliances. The shared laundry room has 2 sets of washers and dryers and the outside features a giant backyard with a storage shed. There are 4 off-street parking spots.

Full Property Details

Full Property Details for 706 N Cleveland St

General

Sold For: $1,500,000
Taxes: $14,705 (2025)
Status: Closed
Type: Single Family
Source: BrightMLSMidAtlantic
MLS ID: VAAR2066642
Added to Site: 86 day(s) ago

Rental Information

Lease Info: Gross

Interior

Interior Features: Dining Area, Floor Plan - Traditional, 2nd Kitchen, Bathroom - Tub Shower, Breakfast Area, Combination Kitchen/Living, Combination Dining/Living, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Recessed Lighting, Upgraded Countertops, Window Treatments, Wood Floors, Other
Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Range Hood, Stainless Steel Appliances, Washer, Water Heater
Flooring: Hardwood

Rooms

Other Rooms

Laundry: Has Laundry, Lower Floor

Exterior

Exterior Features: Secure Storage, Sidewalks

Parking

Total Spaces: 4
Parking Features: Asphalt Driveway
Parking Type: Driveway, On Street

Location

County: ARLINGTON
Subdivision: ARLINGTON PARK
Cross Streets: N Pershing Dr
Driving Directions: Please use Phone Map
City Limits: Yes

School Information

School District: Arlington County Public Schools
Elementary School: Long Branch
Middle School: Jefferson
High School: Washington-Liberty

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C, Heat Pump(s)
Cooling Fuel: Electric
Heating Type: Central, Forced Air, Heat Pump(s)
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electric Available, Sewer Available, Water Available, Natural Gas Available

Structural Information

Architectural Style: Colonial
Structure Type: Detached
Construction: Brick
Basement: Yes
Basement Entrance: Yes
Basement Desc.: Other, Daylight, Full, Fully Finished, Improved, Interior Access, Outside Entrance, Space For Rooms, Side Entrance, Walkout Stairs, Windows
Foundation: Slab
Stories/Levels: 3
Stories Description: Main
Square Feet: 3,162
Sq. Ft. Source: Estimated
Living Area: 2,962 Sq. Ft.
Finished Above Grnd: 2,112 Sq. Ft.
Finished Below Grnd: 850 Sq. Ft.
Year Built: 1968
Year Built Source: Estimated
Property Condition: Excellent

Unit Information

Other Units: Unit 1, Unit 2, Unit 3

Additional Structures

Other Structures: Shed

Lot Features

Lot Size (Acres): 0.2
Lot Size (Sq. Ft.): 8,602
Lot Size Source: Estimated
Zoning: R-5
Lot Description: Private, Rear Yard
Fencing (Description): Partially

Financial Considerations

Price Per Sq. Ft.: $709.75
City/TownTax: $14,705
City/TownTax Freq: Semi-Annually
Tax w/Assessment: $1,423,600
Tax Amount: $14,705
Tax Year: 2025
Terms: Standard Sale
Owner Pays: All Utilities, Insurance, Taxes - Real Estate

Disclosures and Reports

Ownership: Fee Simple

Listed by Keller Williams Realty, David Cabo
Sold by EXP Realty, LLC, Corey B Dutko

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Listing agent

— 706 N Cleveland St —

David Cabo

Keller Williams Realty

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Schools

Schools serving 706 N Cleveland St

School District:Arlington County Public Schools

Name	Grades	Distance
Long Branch Elementary School 33 North Fillmore Street, Arlington, VA 22201	PK-5	0.4 mi
Jefferson Middle School 125 South Old Glebe Road, Arlington, VA 22204	6-8	0.9 mi
Washington Liberty High School 1301 North Stafford Street, Arlington, VA 22201	9-12	1.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 706 N Cleveland St

Date

Details

Price

Change

Source

1/21/2026

Sold

$1,500,000

0.07%

MLS

1/13/2026

Price Reduced

$1,499,000

-4.56%

MLS

12/08/2025

Listed

$1,570,600

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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706 N Cleveland St, Arlington, VA 22201 - Photo 1

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