1255 Melville Drive, Las Vegas, NV 89102, Las Vegas, 89102 - 3 bed, 2 bath
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This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $406,117 Fair Market Value by 1%. This valuation gap offers $6,117 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant value-add potential through modernization. Key features include rare RV/boat parking, rear alley access, and a large lot size. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a customizable home in an established neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1255 Melville Drive Subject | $400,000* List Price | 3 | 2 | 1,122 | $362 | - |
A 1133 Melville Drive Sold | $420,000 | 3 | 2 | 1,180 | $356 | 0.2 mi |
B 3506 WESTLEIGH Avenue Sold | $457,000 | 3 | 2 | 1,413 | $323 | 0.2 mi |
C 2612 SONORA Street Sold | $445,000 | 3 | 2 | 1,244 | $358 | 0.9 mi |
D 3709 El Conlon Avenue Sold | $375,000 | 3 | 2 | 1,244 | $301 | 0.9 mi |
E 1236 Melville Drive Active | $395,000 List Price | 3 | 2 | 1,141 | $346 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, this property is over 70 years old and is marketed for its 'vintage charm' and 'original hardwood floors,' which typically indicates that the kitchen, bathrooms, and major systems are dated and have not undergone a recent full-scale renovation. While the home appears well-maintained and livable, it fits the 'Fair' criteria as it is >20 years old and requires modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1122.
The home features original hardwood floors and a wood-burning fireplace with a gas starter, offering a timeless aesthetic that is highly desirable in the historic Westleigh neighborhood.
The property includes a detached two-car garage plus rare RV or boat parking with convenient rear alley access, providing significant utility for owners with multiple vehicles or outdoor equipment.
With only 1,122 square feet of living space for a three-bedroom residence, the interior layout may feel cramped compared to more modern residential standards.
Built in 1954, the home may require significant investment to update aging systems or modernize the kitchen and bathrooms to meet contemporary buyer expectations.
Charming single-story home in the desirable Westleigh neighborhood, located in the heart of Las Vegas! This 3-bedroom, 2-bath residence is full of timeless character, featuring beautiful original hardwood floors, a cozy wood-burning fireplace with a gas starter, and charming architectural details that make it feel warm and inviting. The property includes a detached 2-car garage, plus rare RV or boat parking with convenient rear alley access—perfect for extra vehicles, toys, or storage. Whether you're looking to embrace its vintage charm or make it your own, this home offers a wonderful opportunity in one of Las Vegas' most established neighborhoods. Don't miss your chance to own this Westleigh gem!
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,122 | - |
| Lot Size | 8,276 | - |
| Price | $400.0K | $474.8K |
| Price per sq ft | $357 | $257 |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 4 | 526 |
Jul 18, 2026
$400,000
Initial Listing
Nov 26, 1997
$94,500
Public Record