1201 Leonard Avenue, Las Vegas, NV 89106, Las Vegas, 89106 - 4 bed, 2 bath
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Las Vegas, NV 89106
This Modernized Turnkey Residence is a Prime Investment Opportunity, listed at $350,000—positioned well below the $359,343 Fair Market Value by 2%. This valuation gap provides $9,343 in Instant Equity for a home boasting an Excellent Condition Rating following extensive renovations. Featuring a gourmet kitchen, installed solar system, and a large 6,534 sq. ft. lot with no HOA, the property offers immediate utility and long-term energy savings. Located near the 8-rated Jo Mackey Elementary, it perfectly balances lifestyle luxury with financial upside. 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 |
|---|---|---|---|---|---|---|
★ 1201 Leonard Avenue Subject | $350,000* List Price | 4 | 2 | 1,344 | $267 | - |
A 616 Bowman Avenue Sold | $350,000 | 4 | 2 | 1,248 | $280 | 0.5 mi |
B 405 Kasper Avenue Sold | $371,000 | 4 | 2 | 1,288 | $288 | 0.7 mi |
C 520 Leonard Avenue Sold | $349,999 | 4 | 2 | 1,272 | $275 | 0.5 mi |
D 1905 Walker Street Sold | $370,000 | 4 | 2 | 1,660 | $223 | 0.5 mi |
E 508 Bowman Avenue Sold | $350,000 | 4 | 2 | 1,250 | $280 | 0.6 mi |
F 1641 K Street Sold | $364,000 | 4 | 2 | 1,824 | $200 | 0.1 mi |
G 1100 Freeman Avenue Active | $365,000 List Price | 4 | 2 | 1,344 | $272 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1956, the property has undergone an extensive recent renovation that meets modern standards. The interior features a gourmet kitchen with a contemporary waterfall-edge island, updated wood-look flooring, and fully remodeled bathrooms with marble-style tile surrounds. The addition of a solar system and the overall move-in-ready condition with high-end finishes justify an excellent rating.
The property features a comprehensive renovation including a gourmet kitchen and an installed solar system, providing immediate move-in readiness and significant energy cost savings.
Ideally situated with rapid access to both the 95 and 15 freeways, this home offers an exceptionally convenient commute to downtown Las Vegas and surrounding areas.
The absence of homeowner association fees combined with a generous 6,534 sq. ft. lot provides owners with financial flexibility and ample space for outdoor entertaining or vehicle storage.
Built in 1956, the home may possess underlying aged mechanical or structural components that typically require more maintenance than newer constructions despite the cosmetic renovations.
Several of the immediate neighborhood schools carry low performance ratings, which could impact long-term resale value and appeal to families prioritizing public education.
Beautifully renovated 4-bedroom home, perfect for large families or a great investment opportunity. New AC and Newer Plumbing is among the many befits of this home. This property features a gourmet kitchen with modern finishes, ideal for cooking and entertaining. The spacious backyard offers plenty of room for gatherings, outdoor dining, and relaxation. Conveniently centrally located with easy access to the 95 and 15 freeways, making commuting simple and efficient. Enjoy added energy savings with an installed solar system—helping reduce electricity costs and perfect for charging an electric vehicle. Additional highlights include generous living spaces, natural light throughout, and a layout designed for both comfort and functionality. Don’t miss the opportunity to own a move-in-ready home in a prime location.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades PK-5 • 0.5 mi
Grades PK-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,344 | 1,307 | 60% |
| Lot Size | 6,534 | 6,534 | 50% |
| Price | $350.0K | $310.0K | 70% |
| Price per sq ft | $260 | $224 | 69% |
| Built year | 1956 | 1963 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 776 | 1% |
Apr 11, 2026
$350,000
Initial Listing