1221 South 17th Street, Las Vegas, NV 89104, Las Vegas, 89104 - 5 bed, 4 bath
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Las Vegas, NV 89104
This High-Income Residential Asset is listed at $625,000—positioned below the $629,463 Fair Market Value by 1%. This valuation provides $4,463 in Instant Equity. Currently generating $3,800 per month in rental income, the property features a 5-bedroom layout, private pool, balcony, and newer HVAC system. While the Condition Rating of 4 suggests modernization, the oversized lot near the Las Vegas Strip and proximity to Crestwood Elementary ensure high demand. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1221 South 17th Street Subject | $605,000* List Price | 5 | 4 | 3,215 | $173 | - |
A 1904 S 16th Street Sold | $615,000 | 5 | 4 | 4,501 | $137 | 0.5 mi |
B 1900 S 15th Street Sold | $775,000 | 5 | 3 | 3,887 | $199 | 0.6 mi |
C 1904 S 16th Street Sold | $615,000 | 4 | 4 | 4,501 | $137 | 0.5 mi |
D 1413 S 17th Street Active | $599,000 List Price | 6 | 4 | 2,744 | $218 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the property is over 70 years old and shows significant dating, including older parquet flooring and basic finishes. While the listing mentions a newer HVAC system and the home is functional (currently rented), the overall aesthetic and visible wear on the exterior and interior suggest it needs modernization and minor repairs to meet current market standards.
The property currently generates $3,800 per month in rental income with flexible lease terms, offering an excellent turnkey opportunity for investors or a subsidized mortgage for owner-occupants.
Situated just east of the Las Vegas Strip, this home provides unparalleled proximity to world-class entertainment, dining, and shopping, ensuring high demand and long-term value.
With over 3,200 sqft of living area on a generous 10,890 sqft lot featuring a private pool and balcony, the property offers rare scale and outdoor amenities for the area.
Built in 1950, the home may require more frequent maintenance and potential modernization of older systems to meet contemporary standards, despite the newer HVAC.
The assigned schools, particularly the high school with a 2/10 rating, may limit the property's appeal to families prioritizing high-performing educational environments.
Large 5 bedroom 4 bath home just east of the strip!! Large oversized lot with existing pool and balcony off the upstairs! Two berooms upstairs and three bedrooms downstairs. Currently rented by bedroom at a total of $3800/month, but most leases are month to month or expiring soon, so owner-occupants ok. Super convenient to the LV Strip, entertainment, shopping, restaurants and so much more. Well maintained by owner with newer HVAC system. Come see today!
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,215 | - |
| Lot Size | 10,890 | - |
| Price | $605.0K | $474.8K |
| Price per sq ft | $188 | $257 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 82 | 526 |
Jun 25, 2026
$605,000
$625,000
-3% Price Drop
Initial Listing
May 1, 2026
$625,000
Initial Listing