1220 E Ogden Avenue, Las Vegas, NV 89101, Las Vegas, 89101 - 2 bed, 1 bath
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Las Vegas, NV 89101
This Strategic Redevelopment Asset is listed at $395,000, reflecting a speculative premium over the $249,768 Fair Market Value based on its significant land-use potential. The property carries a Condition Rating of 6, as the 1946 structure is currently boarded up and marketed primarily for its underlying value. The core Value-Add potential lies in the T-5 Urban Center Zoning, which permits high-density residential or mixed-use development within a high-growth urban corridor. Located in the heart of historic downtown Las Vegas, this is a high-upside acquisition for Developers or Speculative Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1220 E Ogden Avenue Subject | $395,000* List Price | 2 | 1 | 786 | $318 | - |
A 121 N 20th Street Sold | $351,150 | 2 | 1 | 870 | $404 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1946 (78 years old) with no evidence of renovation. The structure is boarded up, appears unlivable, and is marketed primarily for its T-5 zoning redevelopment potential, indicating land value only.
The T-5 Urban Center zoning designation provides exceptional investment potential, allowing for high-density residential or mixed-use development in a high-growth urban corridor.
Situated in the heart of historic downtown Las Vegas, the property offers unparalleled proximity to the city's vibrant entertainment, dining, and emerging business districts.
The home features two full bathrooms within its compact footprint, a rare and highly desirable asset for a property of this vintage and size, increasing its rental and resale appeal.
At approximately $502 per square foot, the listing price is significantly high for a 1940s structure, placing heavy reliance on the land's speculative development value.
With only 786 square feet of living area and a small 3,485 square foot lot, the property offers restricted utility for traditional residential users or families.
Single Story home located in the heart of historic downtown Las Vegas! 2 bedroom and 2 full bath. Open parking behind the home. This property is zoned T-5. You do not want to miss our on this amazing opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 786 | - |
| Lot Size | 3,485 | - |
| Price | $395.0K | $474.8K |
| Price per sq ft | $503 | $257 |
| Built year | 1946 | 0 |
| HOA | $0 | $0 |
| Days on market | 90 | 526 |
Apr 23, 2026
$395,000
Initial Listing
Sep 30, 1994
$40,000
Public Record