706 N Cleveland St, Arlington, VA 22201

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Sold Price
$1,500,000
List Price
$1,499,000
Closing Date
Jan 21, 2026
Days on Market
40
Status
CLOSED
MLS#
VAAR2066642
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 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
Separate Dining Room, Traditional Floorplan, Second Kitchen, Tub Shower, Breakfast Area, Dining Combo, Dining Combo, Entry Level Bedroom, Family Room Off Kitchen, Open Floor Plan, Recessed Lighting, 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
Exterior Features
Storage, Sidewalk
Heating
Central, Forced Air, Heat Pump
Cooling
Central Air, Heat Pump
Utilities
Electric Available, Sewer Available, Water Available, Natural Gas Available
Water
Public
Sewer
Public Sewer
Basement
Other, Daylight, Full, Finished, Improved, Interior Entry, Exterior Entry, Space For Rooms, Exterior Entry, Walkout Stairs, Windows

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty. Contact:

Selling Office: EXP Realty, LLC.