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$1,500,000
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Property Description
This perfectly located property has an enormous backyard (the lot is 8,602 Sq Ft) 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: VAAR2066646
- Added to Site: 86 day(s) ago
Interior
- Interior Features: 2nd Kitchen, Bathroom - Tub Shower, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Floor Plan - Open, Upgraded Countertops, Window Treatments, Wood Floors, Other
- Appliances: Dishwasher, Washer, Dryer, Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Disposal, Exhaust Fan, Range Hood, Stainless Steel Appliances, Water Heater
- Flooring: Hardwood, Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Upper Floor Baths: 1
- Upper - Full Baths: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
- Lower Floor Baths: 1
- Lower - Full Baths: 1
Bedrooms
- Total Bedrooms: 6
- Bedrooms Upper: 2
- Bedrooms Lower: 2
- Bedrooms Main & Up: 2
Other Rooms
- Laundry: Basement, Dryer In Unit, Common, Has Laundry, Lower Floor, Shared, Washer In Unit
Additional Information
- Security/Safety: Main Entrance Lock
Exterior
- Exterior Features: BBQ Grill, Secure Storage, Sidewalks, Other
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
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Natural Gas Available, Sewer Available, Water Available, Other
Structural Information
- Architectural Style: Colonial
- Structure Type: Detached
- Construction: Brick Veneer
- Basement: Yes
- Basement Desc.: Other
- Foundation: Slab
- Stories/Levels: 3
- Stories Description: Lower 1, Main, Upper 1
- 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.
- Basement Finished: 85%
- Year Built: 1968
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
Unit 1
- Bathrooms-Lower: 1
- Bedrooms-Lower: 2
Additional Structures
- Other Structures: Shed
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,602
- Lot Size Source: Assessor
- Zoning: R-5
- Lot Description: Front Yard, Level, Landscaping, Open, Premium, Rear Yard
- Fencing (Description): Partially
Financial Considerations
- Price Per Sq. Ft.: $709.75
- City/TownTax: $14,705
- City/TownTax Freq: Annually
- Tax w/Assessment: $1,423,600
- Tax Amount: $14,705
- Tax Year: 2025
- Terms: Standard Sale
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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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.
706 N Cleveland Street, Arlington, VA 22201 (MLS# VAAR2066646) is a Single Family property that was sold at $1,500,000 on January 21, 2026. 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.

