Bought with Corey B Dutko • EXP Realty, LLC
$1,500,000
$1,499,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
706 N CLEVELAND ST Arlington, VA 22201
2,962 SqFt
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,962 sqft
Price per Sqft $506
Subdivision Arlington Park
MLS Listing ID VAAR2066642
Sold Date 01/21/26
Style Colonial
Abv Grd Liv Area 2,112
Year Built 1968
Annual Tax Amount $14,705
Tax Year 2025
Lot Size 8,602 Sqft
Acres 0.2
Property Sub-Type Detached
Source BRIGHT
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.
Location
State VA
County Arlington
Zoning R-5
Rooms
Basement Other, Daylight, Full, Fully Finished, Improved, Interior Access, Outside Entrance, Space For Rooms, Side Entrance, Walkout Stairs, Windows
Interior
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
Hot Water Natural Gas
Heating Central, Forced Air, Heat Pump(s)
Cooling Central A/C, Heat Pump(s)
Flooring Hardwood
Equipment Dishwasher, Oven/Range - Electric, Refrigerator, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Range Hood, Stainless Steel Appliances, Washer, Water Heater
Furnishings No
Fireplace N
Appliance Dishwasher, Oven/Range - Electric, Refrigerator, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Range Hood, Stainless Steel Appliances, Washer, Water Heater
Heat Source Natural Gas
Laundry Has Laundry, Lower Floor
Exterior
Garage Spaces 4.0
Fence Partially
Utilities Available Electric Available, Sewer Available, Water Available, Natural Gas Available
Water Access N
Accessibility None
Road Frontage City/County
Total Parking Spaces 4
Garage N
Private Pool No
Building
Lot Description Private, Rear Yard
Foundation Slab
Above Ground Finished SqFt 2112
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Long Branch
Middle Schools Jefferson
High Schools Washington-Liberty
School District Arlington County Public Schools
Others
Tax ID 18-040-028
Ownership Fee Simple
SqFt Source 2962
Special Listing Condition Standard
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