48 E Reed Ave

Alexandria, VA 22305

$454,000
Last Sold Price
3
Beds
1,477 Sq. Ft.
$307 / Sq. Ft.
1,477
Sq. Ft.
$307
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 9/20/19
Closed 9/20/19

Description

Incredible investor opportunity! Duplex just off Route 1/Richmond Hwy in Alexandria across from upscale Potomac Yard shopping center and close to Reagan National Airport (DCA)! Huge upside potential for cash investor to rehab this property for flip or rent! Literally just minutes from Pentagon, Old Town Alexandria, Arlington, and Washington DC. Amazing growth expected in this area with Amazon HQ and Virginia Tech campus coming in future. This is the chance that doesn't come around often. Duplex was...Incredible investor opportunity! Duplex just off Route 1/Richmond Hwy in Alexandria across from upscale Potomac Yard shopping center and close to Reagan National Airport (DCA)! Huge upside potential for cash investor to rehab this property for flip or rent! Literally just minutes from Pentagon, Old Town Alexandria, Arlington, and Washington DC. Amazing growth expected in this area with Amazon HQ and Virginia Tech campus coming in future. This is the chance that doesn't come around often. Duplex was in process of being renovated when owner declared bankruptcy, so work stopped. Bathrooms were nicely updated, but rest of property is unfinished. Layout is conceived as two separate living areas with complete 2 BR 2 BA top unit and 1 BR 1 BA bottom unit with own kitchen and side entrance, plus spiral staircase descending from top unit. CAUTION: basement has been flooded. This property will not qualify for typical financing, requires cash or hard money lender, but the opportunity for an experienced investor is enormous!
  1. Listed by Stephen M Karbelk • CENTURY 21 New Millennium
    P: (571)-481-1037 stephen@realmarkets.com
  2. Listed by Stephanie A Young • CENTURY 21 New Millennium
    P: (571)-223-9775 stephanie@realmarkets.com

Property Details for 48 East Reed Avenue

Tax ID Number
016.01-02-02
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Twin/Semi-Detached
Style
Contemporary
Levels/Stories
2
Waterfront
No
LISTING CLOSED: 09/20/2019 12:00 AM

Property Details for 48 East Reed Avenue

StatusClosed
MLS #VAAX238202
Days on Market8
Taxes$5,161 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeTownhouse
MLS TypeResidential / Fee Simple
Year Built1947
Lot Size0.06 AC / 2,625 SF
CountyAlexandria Independent City
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of CENTURY 21 New Millennium

Sold By Signature Home Realty LLC

Add your commute

Building Information for 48 East Reed Avenue

Stories2Residences-Year Built1947Lot Size0.06 AC / 2,625 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$2,692 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,262

Property Taxes

$430

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 48 East Reed Avenue

Location
Location
  • In City Limits: Yes
  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS
  • School District County ID: 121139111593
  • SchoolDistrictSource: 3rd Party
  • Elementary School: CORA KELLY MAGNET (ALEXANDRIA CITY VA)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: GEORGE WASHINGTON (ALEXANDRIA CITY VA)
  • MiddleSchoolSource: Listing Agent
  • High School: ALEXANDRIA CITY (ALEXANDRIA CITY VA)
  • HighSchoolSource: 3rd Party
  • County: ALEXANDRIA CITY
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
  • Senior Community: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2018
  • Tax Assessed Value: $456,797
  • Year Assessed: 2019
  • Improvement Assessed Value: $265,217
  • City Town Tax: $5,161
  • Land Assessed Value: $191,580
  • Clean Green Assessed: No
  • Land Use Code: 061
  • Zoning: CDD#7
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Concessions: Yes
  • Concessions Amount: $1,000
Rooms
Main
  • # Bedrooms Count Main Level: 2
  • # Bathrooms Count Main Level: 2
  • # Bathrooms Full Main Level: 2
  • # Bathrooms Half Main Level: 0
All Lower Levels
  • # Bedrooms All Lower Levels: 1
  • # Bathrooms All Lower Levels: 1
  • # Bathrooms Full All Lower Levels: 1
  • # Bathrooms Half All Lower Levels: 0
Lower Level 1
  • # Bedrooms Lower Level: 1
  • # Bathrooms Lower Level: 1
  • # Bathrooms Full Lower Level: 1
  • # Bathrooms Half Lower Level: 0
Rooms
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Primary Bathroom, Full Bath
  • Stories: Lower 1, Main
Rooms Information
Room 1
  • Room Type: Living Room
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - Carpet
Room 2
  • Room Type: Dining Room
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - Carpet
Room 3
  • Room Type: Kitchen
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - Other
Room 4
  • Room Type: Primary Bathroom
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - Tile/Brick
Room 5
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - Carpet
Room 6
  • Room Type: Bedroom 2
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - Carpet
Room 7
  • Room Type: Living Room
  • Room Level: Lower 1
  • Room Exists: Yes
Room 8
  • Room Type: Full Bath
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - Tile/Brick
Room 9
  • Room Type: Kitchen
  • Room Level: Lower 1
  • Room Exists: Yes
Room 10
  • Room Type: Full Bath
  • Room Level: Lower 1
  • Room Exists: Yes
Room 11
  • Room Type: Bedroom 3
  • Room Level: Lower 1
  • Room Exists: Yes
Building Info
Building Info
  • Total Finished SQFT: 1,477.00
  • Total Finished SQFT Source: Assessor
  • Tax Total Finished SQFT: 1,477.00
  • Total SQFT: 1,477.00
  • Total SQFT Source: Assessor
  • Construction Materials: Brick Front, Aluminum Siding
  • Ext Main Mid-res: http://bright-media.brightmls.com/bright/images/0000/3019/1130/7043/301911307043_512_384_WM_dyutrWc0ch4I1TXP.jpg
  • Basement Type: Connecting Stairway, Outside Entrance, Interior Access, Walkout Stairs, Side Entrance
  • Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bathrooms Full-Main Level-1, Bathrooms Full-Main Level-2, Bedrooms-Lower Level 1-1, Bathrooms Full-Lower Level 1-1
  • # Bathrooms Full: 3
  • # Bathrooms Half: 0
  • Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 18301154
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Northern Virginia Association of REALTORS
  • List Agent URL: www.realtymarkets.com

Property History for 48 East Reed Avenue

DateEvent & SourcePriceAppreciation
Mar 25, 2022

Expired

BRIGHT #VAAX257658

—
Mar 9, 2022

Expired

BRIGHT #VAAX256960

—
Apr 12, 2021

Withdrawn

BRIGHT #VAAX257658

—
DateEvent & SourcePrice
03/25/2022

Expired

BRIGHT #VAAX257658

—
03/09/2022

Expired

BRIGHT #VAAX256960

—
04/12/2021

Withdrawn

BRIGHT #VAAX257658

—

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

Public Records for 48 East Reed Avenue

Taxable ValueLand$240,241Additions$278,733Total$518,974
Tax Record2025$6,530 ($544 / month)
Home Facts
Beds3Total Finished SqFt797 SqFtAbove Grade Finished SqFt797 SqFtStories1Lot Size2,614 SqFtStyleTownhouseYear Built1947Year Renovated2002ZoningCDD#7 - COORDCountyALEXANDRIA CITYAPN14136000

Schools near 48 East Reed Avenue

This home is within Alexandria City Public Schools.
Rating
School
Type
Grades
Distance
Cora Kelly School for Math Science and Technology
Public - PK to 5
George Washington Middle School
Public - 6 to 8
Alexandria City High School
Public - 9 to 12
St Rita School
Private - PK to 8
Rating
School
Distance
Cora Kelly School for Math Science and Technology
PublicPK to 5

George Washington Middle School
Public6 to 8

Alexandria City High School
Public9 to 12

St Rita School
PrivatePK to 8

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.

Neighborhood Map and Transit

Similar Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 New Millennium

© 2026 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 04/13/2024 04:01 AM