1313 Madison Avenue, Las Vegas, NV 89106, Las Vegas, 89106 - 4 bed, 2 bath
Loading property details...
Las Vegas, NV 89106
This property presents a High-Potential Investment Opportunity with a List Price of $305,000—positioned well below the $411,087 Fair Market Value by 25%. This valuation gap offers $106,087 in Instant Equity for buyers willing to execute a renovation plan. With a Fair Condition Rating, the home requires cosmetic updates, but the 10,019SF Lot provides significant upside for expansion. This is a value-add acquisition ideal for Fix-and-Flip Investors or first-time buyers seeking to build immediate wealth through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1313 Madison Avenue Subject | $305,000* List Price | 4 | 2 | 1,680 | $245 | - |
A 1908 W Mesquite Avenue Sold | $316,000 | 4 | 2 | 1,708 | $185 | 0.8 mi |
B 1905 Walker Street Sold | $370,000 | 3 | 2 | 1,660 | $223 | 0.8 mi |
C 1401 Mezpah Drive Sold | $380,000 | 4 | 2 | 1,863 | $204 | 0.7 mi |
D 520 Leonard Avenue Sold | $349,999 | 4 | 2 | 1,536 | $228 | 0.7 mi |
E 1016 Mezpah Street Sold | $240,000 | 3 | 2 | 1,306 | $184 | 0.6 mi |
F 1212 Eleanor Avenue Pending | $299,999 List Price | 4 | 2 | 1,296 | $231 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981 (43 years old), the property is functional but dated. The kitchen features older cabinetry and a fluorescent light box, and the interior has popcorn ceilings and older flooring. While it includes stainless appliances, the listing explicitly states it needs upgrades, placing it in the 'Fair' category due to age and the need for cosmetic and system updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1680.
The property sits on a generous 10,019-square-foot lot, providing rare and ample space for a private pool, RV parking, or a large outdoor entertainment area.
With an association fee of $0, homeowners enjoy lower monthly carrying costs and the freedom to customize their property without restrictive community regulations.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property is marketed as needing upgrades, suggesting that buyers will need to budget for significant cosmetic or functional improvements to bring it to modern standards.
The assigned middle and high schools carry low performance ratings, which may be a drawback for families and could potentially impact future resale demand.
THIS FOUR BEDROOM TWO CAR GARAGE SINGLE STORY IS READY FOR ITS NEXT OWNER! THIS IS THE PERFECT PROPERTY TO UPGRADE WITH YOUR OWN FINISHES! THE KITCHEN COMES WITH FULL STAINLESS APPLIANCES AND WASHER AND DRYER. THIS HOME HAS A LOT THAT IS OVER 10,000SF IT HAS A LARGE FRONT YARD AND A VERY BIG BACKYARD THAT HAS PLENTY OF SPACE FOR A POOL AND A LARGE GRASS AREA. PLEASE REACH OUT TO LISTING AGENT WITH ANY QUESTIONS OR FOR A PRIVATE SHOWING.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades PK-5 • 0.6 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 | 56% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,680 | 1,303 | 74% |
| Lot Size | 10,019 | 6,316 | 91% |
| Price | $305.0K | $313.0K | 49% |
| Price per sq ft | $182 | $223 | 40% |
| Built year | 1981 | 1968 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 679 | 1% |
May 18, 2026
$305,000
Initial Listing