1381 East University Avenue 106, Las Vegas, NV 89119, Las Vegas, 89119 - 1 bed, 1 bath
Loading property details...
1381 East University Avenue 106
Las Vegas, NV 89119
ACTIVE
CONDITION: FAIR
1Beds
1Baths
500Sq Ft
0Lot Size
Property Price
LIST PRICE$105,000
EST. MARKET VALUE
$84,302
24% AboveMARKET VALUE
SUMMARY
This first-floor condominium represents a Strong Value Opportunity, listed at $120,000—positioned slightly above the $112,121 Fair Market Value. While the unit requires minor cosmetic updates to address its Condition Rating of 4, the inclusion of newer appliances and a strategic location near UNLV and the Strip ensures consistent rental demand. This Buy-and-Hold Asset is ideal for Value-Add Investors or first-time buyers seeking an affordable entry point into the Las Vegas market with significant proximity to major employment hubs.
Estimated Market Value
$84,302
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1381 East University Avenue 106 Subject | $105,000* List Price | 1 | 1 | 500 | $169 | - |
A 1381 East University Avenue 208 Active | $110,000 List Price | 1 | 1 | 500 | $220 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1985 (39 years old), placing it in the >20y category. While it features some recent cosmetic updates like LVP flooring and fresh paint, the presence of popcorn ceilings and the overall age of the building systems indicate it is a dated unit that likely requires minor updates to the kitchen or bath to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
The property's proximity to UNLV, the Las Vegas Strip, and major highways makes it an ideal location for students, faculty, and hospitality professionals, ensuring high rental demand.
- Desirable Unit Positioning
Being a first-floor corner unit offers enhanced accessibility and increased privacy with fewer shared walls, which is a significant advantage in high-density condominium complexes.
- Investment Readiness
With an affordable entry price of $120,000 and the inclusion of newer appliances, this unit presents a turnkey opportunity for investors seeking immediate cash flow.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At only 500 square feet, the compact living space may limit the pool of potential buyers to single occupants and could pose challenges for furniture layout.
- Underperforming School District
The assigned public schools have low ratings (ranging from 2 to 3), which may deter long-term owner-occupants and potentially impact future appreciation rates.
About 1381 East University Avenue 106
New Price for new opportunity! Desirable first floor corner unit. Good opportunity for owner or investor. Newer appliances. Conveniently located close to UNLV, the Strip, restaurants and highways.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $290 / Month
Neighborhood Insights
Las Vegas Unified Schools
Paradise Elementary School
Grades PK-5 • 0.6 mi
3/10
William E Orr Middle School
Grades 6-8 • 0.9 mi
3/10
Del Sol High School
Grades 9-12 • 2.5 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 500 | 1,059.468 |
| Lot Size | - | 6,055.359 |
| Price | $105.0K | $225.8K |
| Price per sq ft | $210 | $213 |
| Built year | 1985 | 1996 |
| HOA | $290 | $254 |
| Days on market | 110 | 71 |
Pricing History
Listed for Sale
Sep 2, 2026
$105,000
$110,000
-5% Price Drop
Initial Listing
Price Change
Aug 15, 2026
$110,000
$120,000
-8% Price Drop
Initial Listing
Price Change
May 22, 2026
$120,000
Initial Listing
Sold
Feb 8, 2001
$32,001
Public Record