116 Reese Street, Las Vegas, NV 89107, Las Vegas, 89107 - 3 bed, 2 bath
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Las Vegas, NV 89107
This Single-Story Pool Home represents a High-Potential Investment Opportunity with a List Price of $385,000—positioned well below the $433,349 Fair Market Value by 11%. This valuation gap provides $48,349 in Instant Equity. Boasting a Private Pool, Large Corner Lot, and a Condition Rating of 4, the property features new flooring and fresh paint while offering modernization upside. Located near Red Rock Elementary and Western High School with No HOA, this is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 116 Reese Street Subject | $385,000* List Price | 3 | 2 | 1,421 | $305 | - |
A 601 Huntington Street Sold | $390,000 | 3 | 2 | 1,134 | $344 | 0.3 mi |
B 5213 Sugarfoot Avenue Sold | $355,000 | 4 | 2 | 1,638 | $217 | 0.2 mi |
C 221 Upland Boulevard Sold | $395,000 | 3 | 2 | 1,166 | $339 | 0.4 mi |
D 221 UPLAND Boulevard Sold | $395,000 | 3 | 2 | 1,516 | $261 | 0.4 mi |
E 257 Colleen Drive Sold | $310,000 List Price | 3 | 2 | 1,525 | 0.3 mi | |
F 5412 Gipsy Avenue Sold | $380,000 | 3 | 2 | 1,424 | $267 | 0.7 mi |
G 4601 Providence Lane Active | $398,000 List Price | 3 | 2 | 1,350 | $295 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1963, has received some recent cosmetic updates including new luxury vinyl plank flooring and fresh interior paint. However, the kitchen remains largely outdated with original or older wood cabinetry and vintage appliances, such as the 1970s-style wall oven. While the bathrooms are noted as updated and the home is move-in ready, the overall aesthetic is a mix of new finishes and aged features like wood paneling and older light fixtures, fitting the criteria for a well-maintained but dated home requiring further modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1421.
Finding a single-story home with a private pool priced under $400,000 is increasingly rare in the current Las Vegas market, offering significant value for both first-time buyers and investors.
The property features several recent interior upgrades, including new flooring, fresh paint, and updated bathrooms, providing a modern feel while retaining its original character.
Built in 1963, the home may have aging mechanical, electrical, or plumbing systems that could require maintenance or modernization despite the cosmetic interior updates.
The assigned public schools for this address currently hold low ratings, which may be a significant consideration for families with school-aged children and could impact future resale demand.
Hard to find and full of value; a single-story home with a pool under $400K is almost unheard of in today’s market! This well-cared-for 3 bedroom, 2 bath home offers 1,421 sq ft, a 2-car attached garage, and sits on a spacious corner lot fully fenced for added privacy and flexibility. The large private pool is a standout feature, creating the perfect space to relax, entertain, or enjoy the Vegas lifestyle right at home. Inside, you’ll find new flooring, fresh paint, updated bathrooms, a charming brick fireplace, and beautiful wood paneling that adds warmth and character. Whether you’re a first-time buyer looking for a move-in ready home with major extras or an investor searching for a strong value in a central location, this home checks all the boxes. Conveniently located near major freeways, shopping, downtown Las Vegas, and everything the city has to offer.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 1.1 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,421 | 1,646.5 | 35% |
| Lot Size | 7,405 | 6,534 | 68% |
| Price | $385.0K | $359.9K | 64% |
| Price per sq ft | $271 | $224 | 75% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 287 | 1% |
Mar 5, 2026
$385,000
Initial Listing