706 N Cleveland St

$1,570,600
Price
6
Beds
3
Baths
2,962 Sq. Ft.
$530 / Sq. Ft.
2,962
Sq. Ft.
$530
per Sq. Ft.

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, 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...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, 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 large backyard with a storage shed, and 4 off-street parking spots.

Property Details for 706 North Cleveland Street

Tax ID Number
18-040-028
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Furnished
No
Waterfront
No
Garage
No
Subdivision
ARLINGTON PARK
LISTING UPDATED: 12/11/2025 04:40 PM

Property Details for 706 North Cleveland Street

StatusActive
MLS #VAAR2066642
Days on Market8
Taxes$14,706 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1968
Lot Size0.20 AC / 8,602 SF
CountyArlington County

Location

Listing Courtesy of Keller Williams Realty
Add your commute

Building Information for 706 North Cleveland Street

Stories-Residences3Year Built1968Building Size-Lot Size0.20 AC / 8,602 SF

Payment Calculator

$8,986 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,761

Property Taxes

$1,226

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 706 North Cleveland Street

Location
Location
  • In City Limits: Yes
  • Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
  • School District Name: ARLINGTON COUNTY PUBLIC SCHOOLS
  • School District County ID: 121141631475
  • Elementary School: LONG BRANCH (ARLINGTON VA)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: JEFFERSON (ARLINGTON VA)
  • MiddleSchoolSource: Listing Agent
  • High School: WASHINGTON-LIBERTY (ARLINGTON VA)
  • HighSchoolSource: Listing Agent
  • County: ARLINGTON
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $1,423,600
  • City Town Tax: $14,706
  • Zoning: R-5
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: All Utilities, Insurance, Taxes - Real Estate
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: None
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
  • Rent Control: No
Rooms
Rooms
  • Stories: Main
Multi Family
Unit 1
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 850
  • Unit Type Lease Type: Gross
  • Beds Total: 2
  • Full Baths Count: 1
  • Unit Type Features: Basement, Walk up
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Finished SQFT: 1050
  • Unit Type Lease Type: Gross
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Finished SQFT: 1050
  • Unit Type Lease Type: Gross
  • Beds Total: 2
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense: $0
  • Operating Expense Includes: Insurance, Trash
  • Insurance Expense: $1,676
Financial Information
  • Gross Income: $107,400
  • Annual Rental Income: $107,400
  • Income Includes: Apartment Rentals
  • Cap Rate: 5.45
  • Existing Lease Type: Gross
Building Info
Building Info
  • Year Major Reno Remodel: 2024
  • Building Level Count: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Features: Private, Rear Yard
  • Road Responsibility: City/County
  • Fencing: Partially
  • Parcel ID: 10679866
Parking
Parking
  • Type Of Parking: Driveway, On Street
  • Driveway - # of Spaces: 4
  • Parking Features: Asphalt Driveway
Interior Features
Interior Features
  • 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
  • Fireplace: No
  • Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Range Hood, Stainless Steel Appliances, Washer, Water Heater
  • Accessibility Features: None
  • Laundry Type: Has Laundry, Lower Floor
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Secure Storage, Sidewalks
  • Pool: No Pool
Utilities
Utilities
  • Utilities: Electric Available, Sewer Available, Water Available, Natural Gas Available
  • Heating: Yes
  • Cooling Type: Central A/C, Heat Pump(s)
  • Cooling Fuel: Electric
  • Heating Type: Central, Forced Air, Heat Pump(s)
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Northern Virginia Association of REALTORS

Property History for 706 North Cleveland Street

DateEvent & SourcePriceAppreciation
Dec 8, 2025

Withdrawn

BRIGHT #VAAR2065616

Dec 8, 2025

Withdrawn

BRIGHT #VAAR2063718

Dec 8, 2025

Listed (Active)

BRIGHT #VAAR2066642

$1,570,600
Dec 8, 2025

Listed (Active)

BRIGHT #VAAR2066646

$1,570,600
Nov 6, 2025

Listed (Active)

BRIGHT #VAAR2063718

$1,600,000
Nov 6, 2025

Listed (Active)

BRIGHT #VAAR2065616

$1,600,000
Dec 28, 2023

Closed

BRIGHT #VAAR2040902

$1,400,000
Dec 20, 2023

Closed (Public Record)

Public Record #1524670897

$1,400,000

+2.5% / yr

Dec 5, 2023

Pending

BRIGHT #VAAR2040902

May 6, 2022

Withdrawn

BRIGHT #VAAR2013956

Mar 26, 2022

Listed (Active)

BRIGHT #VAAR2013956

$1,400,000
Apr 2, 2019

Withdrawn

BRIGHT #VAAR115692

$900,000
Jul 29, 2005

Closed (Public Record)

Public Record #265108866

$885,000
Jul 29, 2005

Closed

BRIGHT #1001510227

$885,000
Jun 22, 2005

Pending

BRIGHT #1001510227

Jun 21, 2005

Withdrawn

BRIGHT #VAAR115280

$950,000
Jun 21, 2005

Withdrawn

BRIGHT #VAAR115692

Jun 20, 2005

Listed (Active)

BRIGHT #1001510227

$900,000
Apr 30, 2005

Withdrawn

BRIGHT #VAAR115280

Apr 29, 2005

Listed (Active)

BRIGHT #VAAR115692

$950,000
Feb 10, 2005

Listed (Active)

BRIGHT #VAAR115280

$999,995
DateEvent & SourcePrice
12/08/2025

Withdrawn

BRIGHT #VAAR2065616

12/08/2025

Withdrawn

BRIGHT #VAAR2063718

12/08/2025

Listed (Active)

BRIGHT #VAAR2066642

$1,570,600
12/08/2025

Listed (Active)

BRIGHT #VAAR2066646

$1,570,600
11/06/2025

Listed (Active)

BRIGHT #VAAR2063718

$1,600,000
11/06/2025

Listed (Active)

BRIGHT #VAAR2065616

$1,600,000
12/28/2023

Closed

BRIGHT #VAAR2040902

$1,400,000
12/20/2023

Closed (Public Record)

Public Record #1524670897

$1,400,000

+2.5% / yr

12/05/2023

Pending

BRIGHT #VAAR2040902

05/06/2022

Withdrawn

BRIGHT #VAAR2013956

03/26/2022

Listed (Active)

BRIGHT #VAAR2013956

$1,400,000
04/02/2019

Withdrawn

BRIGHT #VAAR115692

$900,000
07/29/2005

Closed (Public Record)

Public Record #265108866

$885,000
07/29/2005

Closed

BRIGHT #1001510227

$885,000
06/22/2005

Pending

BRIGHT #1001510227

06/21/2005

Withdrawn

BRIGHT #VAAR115280

$950,000
06/21/2005

Withdrawn

BRIGHT #VAAR115692

06/20/2005

Listed (Active)

BRIGHT #1001510227

$900,000
04/30/2005

Withdrawn

BRIGHT #VAAR115280

04/29/2005

Listed (Active)

BRIGHT #VAAR115692

$950,000
02/10/2005

Listed (Active)

BRIGHT #VAAR115280

$999,995

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 706 North Cleveland Street

Taxable ValueLand$1,003,800Additions$419,800Total$1,423,600
Tax Record2025$14,706 ($1,225 / month)
Home Facts
Baths3Total Finished SqFt3,162 SqFtAbove Grade Finished SqFt2,112 SqFtFinished Basement SqFt1,050 SqFtStories2Lot Size8,602 SqFtStyleDuplexYear Built1968Year Renovated1995ZoningR-5CountyARLINGTONAPN18-040-028Fireplace TypeHas Fireplace

Schools near 706 North Cleveland Street

This home is within Arlington County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Long Branch Elementary School
PublicPK to 5

Jefferson Middle School
Public6 to 8

Washington Liberty High School
Public9 to 12

Montessori Public School of Arlington
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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706 North Cleveland Street is a multi-family home for sale in Arlington, VA 22201. This property was listed for sale on December 8, 2025 by Keller Williams Realty, it's currently listed at $1,570,600. It has been on the market for a total of 8 days and was last sold on December 28, 2023. This listing's school district is Arlington County Public Schools. Nearby schools include Long Branch Elementary School, Jefferson Middle School and Washington Liberty High School. 706 North Cleveland Street is a 6-bed, 3-bath, 2,962 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty

© 2025 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 12/11/2025 04:40 PM