130 Palm Lane, Las Vegas, NV 89101, Las Vegas, 89101 - 12 bed, 6 bath
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Las Vegas, NV 89101
Analysis of 130 Palm Lane, Las Vegas, NV 89101 is currently available with a list price of $437,500. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property is explicitly described as a 'total gut job' and requires a complete renovation of all interior spaces and major systems. Images confirm the home is currently unlivable, with no functional kitchen or bathrooms, exposed studs, missing flooring, and outdated electrical components. Built in 1942, the structure requires substantial rehabilitation to meet safety and habitability standards.
Priced at approximately $64 per square foot for a 7,000-square-foot structure, this property offers a rare high-equity opportunity for investors in an up-and-coming area near downtown Las Vegas.
The property includes three separate addresses with individual electric and water meters, providing unique flexibility for multi-family rental income or specialized commercial use like a residential assisted living facility.
The oversized 15,000-square-foot lot is secured by high-quality commercial-grade iron fencing and features a 2-way communication camera system, offering ample space for expansion or luxury outdoor amenities.
Described as a 'total gut job,' the property requires a complete overhaul of all interiors and systems, which will demand significant capital expenditure and a lengthy construction timeline.
Due to its current condition, the property is limited to cash investors, excluding buyers who rely on traditional mortgage financing and narrowing the potential pool of purchasers.
12 BEDROOMS 6 BATHROOMS. Estimated total Square Feet is 7,000. Calling all CASH investors! This is a total gut job, needs total renovation. This is $64 per foot for existing structure and 15,000 SF lot. Plenty of parking. Great up and coming area near nightlife, restaurants, shopping. Large lot that can fit a massive pool and leave room for more. Room for many more bedrooms and bathrooms. Turn this house into your dream house or Residential Assisted Living Facility. High quality commercial grade iron fence installed throughout the property. Formerly 3 separate houses that were connected together. 3 separate electric & water meters with 3 separate addresses connected to property: 128 Palm, 130 Palm, 132 Palm. Zoned R1 residential. Neighboring R1 zoned houses currently have multiple units and operate them as rentals. Video cameras with 2 way communication installed throughout the property. Do not enter the property without permission. Perfect for Residential Assisted Living business.
No exterior & parking available.
Grades PK-5 • 1.4 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 12.0 | 3.0 | 98% |
| Baths | 6.0 | 2.0 | 98% |
| Square foot | 7,054 | 1,248 | 98% |
| Lot Size | 13,504 | 6,098 | 98% |
| Price | $437.5K | $295.0K | 93% |
| Price per sq ft | $62 | $198 | 30% |
| Built year | 1942 | 1959 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 145 | 1117 | 13% |
Nov 28, 2025
$437,500
Initial Listing