706 N Cleveland St Arlington, VA 22201
Lyon Park NeighborhoodEstimated payment $9,462/month
Highlights
- Very Popular Property
- Second Kitchen
- Colonial Architecture
- Long Branch Elementary School Rated A
- Open Floorplan
- Private Lot
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, 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.
Listing Agent
(703) 915-4277 davidcabo@kw.com Keller Williams Realty License #SP98375555 Listed on: 12/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,706
Year Built
- Built in 1968 | Remodeled in 2024
Lot Details
- 8,602 Sq Ft Lot
- Partially Fenced Property
- Private Lot
- Back Yard
- Property is in excellent condition
Home Design
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- Open Floorplan
- Recessed Lighting
- Window Treatments
- Family Room Off Kitchen
- Dining Area
- Wood Flooring
Kitchen
- Second Kitchen
- Breakfast Area or Nook
- Gas Oven or Range
- Range Hood
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- Main Floor Bedroom
- Bathtub with Shower
Laundry
- Laundry on lower level
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Interior and Side Basement Entry
- Space For Rooms
- Basement Windows
Parking
- 4 Parking Spaces
- 4 Driveway Spaces
- On-Street Parking
Outdoor Features
- Shed
Schools
- Long Branch Elementary School
- Jefferson Middle School
- Washington-Liberty High School
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Vented Exhaust Fan
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 18-040-028
Community Details
Overview
- 3 Units
- 3-Story Building
- Arlington Park Subdivision
Building Details
- Income includes apartment rentals
- Insurance Expense $1,676
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,706 | $1,423,600 | $1,003,800 | $419,800 |
| 2024 | $13,540 | $1,310,700 | $968,800 | $341,900 |
| 2023 | $13,047 | $1,266,700 | $948,800 | $317,900 |
| 2022 | $12,605 | $1,223,800 | $908,800 | $315,000 |
| 2021 | $12,077 | $1,172,500 | $880,000 | $292,500 |
| 2020 | $11,320 | $1,103,300 | $808,500 | $294,800 |
| 2019 | $10,717 | $1,044,500 | $770,000 | $274,500 |
| 2018 | $10,499 | $1,043,600 | $742,500 | $301,100 |
| 2017 | $10,277 | $1,021,600 | $715,000 | $306,600 |
| 2016 | $9,200 | $928,400 | $638,000 | $290,400 |
| 2015 | $8,973 | $900,900 | $610,500 | $290,400 |
| 2014 | $9,366 | $940,400 | $572,000 | $368,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/08/2025 12/08/25 | For Sale | $1,570,600 | 0.0% | $530 / Sq Ft | |
| 06/25/2024 06/25/24 | Rented | $2,850 | 0.0% | -- | |
| 06/19/2024 06/19/24 | For Sale | $1,400,000 | 0.0% | $442 / Sq Ft | |
| 06/16/2024 06/16/24 | Under Contract | -- | -- | -- | |
| 05/31/2024 05/31/24 | For Rent | $2,700 | 0.0% | -- | |
| 12/28/2023 12/28/23 | Sold | $1,400,000 | -- | $442 / Sq Ft | View Prior Sale |
| 12/05/2023 12/05/23 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Double Eagle Title | |
| Gift Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Deed | -- | None Available | |
| Warranty Deed | $885,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,050,000 | New Conventional | |
| Previous Owner | $708,000 | New Conventional |
Source: Bright MLS
MLS Number: VAAR2066642
APN: 18-040-028
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