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    706 N Cleveland St Arlington, VA 22201

    New
    For Sale
    $1,600,000

    MULTI_FAMILY - Colonial - ARLINGTON, VA

    Property size:
    2,962 SF
    Lot size:
    0.20 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 7 at 7:06 pm

    Property Features for 706 N Cleveland St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Family Room, Dining Room
    Parking
    4
    Parking features
    Driveway, On Street
    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
    Appliances
    Dishwasher, Oven/Range - Electric, Refrigerator, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Range Hood, Stainless Steel Appliances, Washer, WaterHeater
    Size
    2,962 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Central, Forced Air, Heat Pump (Heating)
    Cooling system
    Heat Pump, Central Air

    Building Details

    Year built
    1968
    Number of units
    3
    Building materials
    Brick
    Architectural style
    Colonial

    Keller Williams Realty McLean/Great Falls (703) 636-7300 [email protected]

    Listing agent David Cabo (703) 915-4277 License #0225212284

    Listing date Dec 5, 2025

    MLS# VAAR2063718 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Arlington Multifamily Property Near Clarendon

    This well-maintained multifamily property is located approximately a half mile from Clarendon, placing it near a metro stop, restaurants, and coffee shops. The property features a large backyard and generates a total rental income of $107,400 per year. Its proximity to the Metro ensures dependable rental income and strong tenant demand. The building includes two upper units, each with 2 bedrooms, that have been freshly painted. The 2 bedrooms in the basement unit have been renovated with new LVP flooring, updated bathroom and kitchen areas, quartz countertops, white cabinets, and stainless steel appliances. A shared laundry room is equipped with 2 sets of washers and dryers. The exterior features a large backyard with a storage shed and 4 off-street parking spots. The lot size is 0.2 acres, and the property size is 2962 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cerebroden Pharmaceutical Company

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Arlington
    State
    Virginia
    Longitude
    -77.08879
    Latitude
    38.88109

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    FAQs

    What type of property is this?
    Triplex - Well-maintained multifamily building near Clarendon with strong rental income.
    Where is this triplex located?
    The property is located at 706 N Cleveland St Arlington, VA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Total Rental Income of $107,400 Per Year; - Close proximity to Clarendon Metro, restaurants, and coffee shops; - Well-maintained multifamily building with strong tenant demand
    (703) 915-4277
    Request Owner's contact information
    706 N Cleveland St Arlington, VA 22201
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    Arlington, VA 22201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    706 N Cleveland St Arlington, VA 22201
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