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706 N Cleveland St, Arlington, VA 22201

Local realty services provided by:CENTURY 21 Charles Smith Agency, Inc.
706 N Cleveland St,Arlington, VA 22201
$1,500,000
  • 6 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: david cabo
Office: keller williams realty
MLS#:VAAR2066642
Source:BRIGHTMLS

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Price summary

  • Price:$1,500,000

About this home

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.

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Home facts

  • Year built:1968
  • Listing ID #:VAAR2066642
  • Added:57 day(s) ago
  • Updated:February 04, 2026 at 11:22 AM

Rooms and interior

  • Bedrooms:6

Heating and cooling

  • Cooling:Central A/C, Heat Pump(s)
  • Heating:Central, Forced Air, Heat Pump(s), Natural Gas

Structure and exterior

  • Year built:1968

Schools

  • High school:WASHINGTON-LIBERTY
  • Middle school:JEFFERSON
  • Elementary school:LONG BRANCH

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,500,000
  • Tax amount:$14,705 (2025)

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