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$1,499,000 -$71,600 (-4.56%) Price Reduced

  • For Sale
  • Under Contract
  • Single Family
  • 3,162 Sq. Ft.
  • Updated 20 hours ago
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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 for 706 N Cleveland St

General

  • Price: $1,499,000
  • Taxes: $14,705 (2025)
  • Status: Under Contract
  • Type: Single Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: VAAR2066642
  • Updated: 1/16/2026
  • Added to Site: 40 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
  • Owner Pays: All Utilities, Insurance, Taxes - Real Estate

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Keller Williams Realty, David Cabo

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Listing agent

— 706 N Cleveland St —

  • David Cabo

    Keller Williams Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 706 N Cleveland St

School District:Arlington County Public Schools
NameGradesDistance
Long Branch Elementary School
33 North Fillmore Street, Arlington, VA 22201
PK-50.4 mi
Jefferson Middle School
125 South Old Glebe Road, Arlington, VA 22204
6-80.9 mi
Washington Liberty High School
1301 North Stafford Street, Arlington, VA 22201
9-121.2 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/13/2026
Price Reduced
$1,499,000
-4.56%
MLS
12/08/2025
Listed
$1,570,600
12.19%
MLS
12/20/2023
Sold
$1,400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 706 N Cleveland St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,706
7%
$1,423,600
9%
2024
$13,798
6%
$1,310,700
3%
2023
$13,047
4%
$1,266,700
4%
2022
$12,605
4%
$1,223,800
4%
2021
$12,077
7%
$1,172,500
6%
2020
$11,320
6%
$1,103,300
6%
2019
$10,717
2%
$1,044,500
—
2018
$10,499
2%
$1,043,600
2%
2017
$10,277
12%
$1,021,600
10%
2016
$9,200
3%
$928,400
3%
2015
$8,973
-4%
$900,900
-4%
2014
$9,366
—
$940,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 706 N Cleveland St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Keller Williams Realty, David Cabo

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706 N Cleveland Street, Arlington, VA 22201 (MLS# VAAR2066642) is a Single Family property with 0 bedrooms and 0 full bathrooms. 706 N Cleveland Street is currently listed for $1,499,000 and was received on December 08, 2025. Want to learn more about 706 N Cleveland Street? Do you have questions about finding other Single Family real estate for sale in Arlington? You can browse all Arlington real estate or contact a Coldwell Banker agent to request more information.

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