
Las Vegas, NV 89101
This property presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well above the $297,604 Fair Market Value by -34%. Featuring a Fair Condition Rating (5/10), this 1943-built asset requires significant capital investment to modernize aging electrical and plumbing systems. The Corner Lot Location and Dual Driveway/RV Access provide excellent utility for future tenants. Given the necessary rehab, this is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation to unlock the property's full potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1400 Joshua Way Subject | $400,000* List Price | 4 | 2 | 1,577 | $189 | - |
A 2125 Elm Avenue Active | $449,000 List Price | 5 | 4 | 1,719 | $261 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1943 (81 years old) with no mention of major system (HVAC/Electric) updates. While there are some cosmetic improvements like newer laminate flooring, the plastic-covered window indicates maintenance neglect and potential safety issues. The kitchen appears dated, and the overall age without a comprehensive renovation suggests a need for significant rehab.
Situated on a corner lot in Downtown Las Vegas, this property offers enhanced privacy, better curb appeal, and a highly desirable urban location with no HOA restrictions.
The layout includes three bedrooms plus two additional rear rooms and dual living areas, providing exceptional flexibility for a home office, guest quarters, or multi-generational living.
Featuring two separate driveways and potential RV access to the backyard, the property offers rare and extensive parking options for multiple vehicles or recreational equipment.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1943, the home may require significant capital investment to update aging systems such as electrical, plumbing, and insulation to meet modern building standards.
The downtown location may subject residents to higher levels of noise, foot traffic, and urban density compared to newer suburban residential developments.
Single-story home located on a corner lot in Downtown Las Vegas. The property features 3 bedrooms and 2 bathrooms, plus two additional rooms at the rear of the home. The formal living and dining areas offer spacious layouts. A second living area is located in the additional rooms, providing flexible use of space. The property includes two separate driveways for parking convenience, with potential for RV access to the backyard.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,577 | 1,416 | 65% |
| Lot Size | 5,663 | 6,098 | 16% |
| Price | $400.0K | $280.0K | 97% |
| Price per sq ft | $254 | $176 | 61% |
| Built year | 1943 | 1957 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 1162 | 3% |
May 15, 2026
$400,000
Initial Listing
Mar 23, 1998
$76,000
Public Record