#10578402, Jasmine Black, Listing office: COVA Home Realty
$115,000 List price
315 48th St Newport News, VA 23607
2 beds
1 full, 1 partial
957 sqft
0.06 acres
$120 / sqft
House
Property details
About 315 48th St
This property in Newport News presents a fantastic opportunity to fix and flip for quick return or add to your rental portfolio. The home has been vacant for three years and requires a full cosmetic rehab, along with a new roof and HVAC system. With a projected rent of $1,650/month (per Rent-O-Meter), there's strong cash flow potential post-renovation. Conveniently located near I-664 and I-64, the home offers quick access to the Peninsula Town Center, Jefferson Commons, and major shopping corridors. With the right updates, this property can deliver a solid return!
Highlights
Home typeSingle Family Residence
HeatingBaseboard, Electric
StatusActive
(New Listing)
(New Listing)
CoolingCentral Air
Size957 sqft
Lot size0.06 Acres
Year built1985
ParkingOff Street
MLS #10593882
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Appliances: /Dryer Connection, Electric Range, Refrigerator, Washer Connection
- Basement: No
- Flooring Type: Laminate/LVP
- Total Bedroom Count: 2
- Attached Garage: No
- Private Pool: No
- Parking: Off Street
- Architectural Style: Colonial
- Heating: Baseboard, Electric
- Cooling: Central Air
- List Price: $115,000
- Price/SqFt: $120
- HOA Amount: $0
- Annual Tax Amount: $1,880
- Tax Year: 2023
- Directions: left onto 47th St. left on Warwick Blvd. left on 48th
- Year Built: 1985
- Stories: 2
- Living Area: 957 SqFt
- Lot Size: 0.06 Acres
- MLS Number: 10593882
- Office Name: Profound Property Group LLC
- Listing Agent: Joan Small
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Last updated on: 7/23/2025, 3:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $146,900 | $1,880 |
| 2022 | $124,800 | $1,449 |
| 2021 | $106,800 | $1,302 |
| 2020 | $93,400 | $1,286 |
| 2019 | $93,400 | $1,281 |
| 2018 | $93,400 | $1,278 |
| 2017 | $89,800 | $1,234 |
History based on county public records data.
Nearby schools
3
Newsome Park Elementary School
Public Magnet KG-5
0.8 mi
•4200 Marshall Ave
5
Achievable Dream Elementary School
Public Magnet KG-5
1.8 mi
•726 16th St
3
Discovery STEM Academy
Public Magnet KG-5
2.0 mi
•1712 Chestnut Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $59,886. Typical income of Newport News, VA residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
27%
<35k
47%
35k-100k
26%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
45%
Single, No Kids
12%
Single, with Kids
23%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
45%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Soccer
College Basketball
Continuing Education Courses
Where do the neighbors shop?
Burlington
Dillards
Express/Express For Men
Where do the neighbors go to eat?
Wingstop
Logan's Roadhouse
Qdoba
What do the neighbors drive?
Nissan
Hyundai
Volkswagen
What do the neighbors listen to?
Christian Adult Contemporary
Rock
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 315 48th St
The listing price of 315 48th St property is $115,000.
The property 315 48th St is a house located in Newport News, Virginia, 23607.
Active Listing: 315 48th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 315 48th St are: Newsome Park Elementary School (GreatSchools Rating 3/10), Achievable Dream Elementary School (GreatSchools Rating 5/10), Discovery STEM Academy (GreatSchools Rating 3/10), Huntington Middle School (GreatSchools Rating 1/10), B.T. Washington Middle School (GreatSchools Rating 7/10), Crittenden Middle School (GreatSchools Rating 3/10), Achievable Dream Middle/High (GreatSchools Rating 6/10), Heritage High School (GreatSchools Rating 4/10), Hampton High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $1,880 (source: MLS/based on county public records data).
The property at 315 48th St has 2 bedrooms and 1 full and 1 half bathrooms.
The property 315 48th St is 957 SqFt (source: MLS/tax record).
The year of construction for 315 48th St is 1985.
This home is located at 315 48th St in Newport News, VA and zip code 23607 in the Downtown neighborhood. This 957 square foot home, which was built in 1985, sits on a 0.06 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 21, 2025 and is currently priced at $115,000.
While more than 2 listings in Newport News, VA in June 2025 were sold above asking price, there were more than 3 listings sold at asking price, and more than 5 were sold below. The number of listings in Newport News, VA increased by 7% between May and June 2025. Listings spent 25 days on the market in June 2025, and had a median list price of $288,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.