1381 E University Avenue 106, Las Vegas, NV 89119, Las Vegas, 89119 - 1 bed, 1 bath
Loading property details...
Las Vegas, NV 89119
This Strong Value Opportunity is a 1-bedroom condominium listed at $120,000, positioned above the $111,100 Fair Market Value. While priced slightly above market, the property features newer appliances and a first-floor corner unit layout, offering enhanced privacy and accessibility. With a Condition Rating of 4, the unit is functional but dated, providing a clear path for cosmetic value-add. Its strategic proximity to UNLV and the Las Vegas Strip ensures consistent rental demand. This asset is ideal for Buy-and-Hold Investors or first-time buyers seeking an entry-level property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1381 E University Avenue 106 Subject | $120,000* List Price | 1 | 1 | 500 | $222 | - |
A 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.0 mi |
B 1381 E UNIVERSITY Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.0 mi |
C 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.0 mi |
D 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.0 mi |
E 1381 UNIVERSITY Avenue 202 Sold | $106,450 | 1 | 1 | 500 | $213 | 0.0 mi |
F 1361 E UNIVERSITY Avenue 111 Sold | $105,000 | 1 | 1 | 500 | $210 | 0.0 mi |
G 1381 E University Avenue 110 Pending | $106,000 List Price | 1 | 1 | 500 | $212 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (41 years old), the property falls into the dated category. While the mention of 'newer appliances' suggests basic maintenance, the overall age and lack of a full renovation indicate that systems and bathrooms are likely dated and will require minor updates.
The property is ideally situated near UNLV and the Las Vegas Strip, offering high rental demand and easy access to major employment and entertainment hubs.
Being a first-floor corner unit provides superior accessibility and increased privacy, making it a more attractive option within the complex.
The inclusion of newer appliances offers immediate value and reduces the need for near-term capital expenditures for new owners or investors.
At just 500 square feet, the compact size of the unit may restrict the lifestyle of residents and limit the potential buyer pool.
The local schools are rated poorly, which may deter families and could potentially affect the property's long-term resale value.
Desirable first floor corner unit. Good opportunity for owner or investor. Newer appliances. Conveniently located close to UNLV, the Strip, restaurants and highways.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 39% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 500 | 800 | 23% |
| Lot Size | - | - | 50% |
| Price | $120.0K | $107.5K | 61% |
| Price per sq ft | $240 | $162 | 94% |
| Built year | 1985 | 1980 | 66% |
| HOA | $290 | $175 | 87% |
| Days on market | 15 | 1425 | 1% |
May 22, 2026
$120,000
Initial Listing
Feb 8, 2001
$32,001
Public Record