706 N Cleveland St, Arlington, VA 22201

$1,500,000
6
BD
3
BA
2,962
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$1,500,000
List Price
$1,499,000
Closing Date
Jan 21, 2026
Days on Market
40
Status
CLOSED
MLS#
VAAR2066646
Bedrooms
6
Bathrooms
3
Full Baths
3
Living Area
2,962
Lot Size (Acres)
0.2
Style
Colonial
Year Built
1968
County
Arlington
School District
Arlington County Public Schools

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.

Additional Information

Subdivision
Arlington Park
Interior Features
Second Kitchen, Tub Shower, Separate Dining Room, Entry Level Bedroom, Family Room Off Kitchen, Traditional Floorplan, Open Floor Plan, Upgraded Countertops, Window Treatments, Wood Floors, Other
School District
Arlington County Public Schools
Elementary School
Long Branch
Middle School
Jefferson
High School
Washington-Liberty
Flooring
Hardwood, Vinyl
Exterior Features
Barbecue, Storage, Sidewalk, Other
Heating
Forced Air
Cooling
Central Air
Utilities
Electric Available, Natural Gas Available, Sewer Available, Water Available, Other
Water
Public
Sewer
Public Sewer
Basement
Other

How much is your home worth?

...get instant property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty. Contact:

Selling Office: EXP Realty, LLC.