1405 S Nellis Boulevard 1025, Las Vegas, NV 89104, Las Vegas, 89104 - 2 bed, 2 bath
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Las Vegas, NV 89104
This Ground-Floor Value-Add Condo is a High-Potential Investment Opportunity with a List Price of $213,000—positioned well below the $277,168 Fair Market Value by 23%. This significant valuation gap offers $64,168 in Instant Equity. While maintaining a Condition Rating of 4 due to its original 1998 finishes, the property features a rare detached garage, private patio, and community pool. Its prime location provides unique pedestrian access to major retailers. This is an ideal entry point for Buy-and-Hold Investors or first-time buyers seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1405 S Nellis Boulevard 1025 Subject | $213,000* List Price | 2 | 2 | 1,118 | $248 | - |
A 1405 S Nellis Boulevard 1091 Sold | $184,000 | 2 | 2 | 1,080 | $170 | 0.0 mi |
B 1405 S NELLIS BL Boulevard 2009 Sold | $220,000 | 3 | 2 | 1,228 | $179 | 0.0 mi |
C 1405 S NELLIS Boulevard 1008 Sold | $220,000 | 3 | 2 | 1,228 | $179 | 0.0 mi |
D 1405 S Nellis Boulevard 1008 Sold | $220,000 | 3 | 2 | 1,228 | $179 | 0.0 mi |
E 1405 S Nellis Boulevard 1008 Sold | $220,000 | 3 | 2 | 1,228 | $179 | 0.0 mi |
F 1300 S Arlington Street 120 Active | $209,990 List Price | 2 | 2 | 1,118 | $188 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this property is over 25 years old and shows signs of being dated without significant recent renovations. While the unit appears move-in ready and maintained, the interior features like the flooring transitions and overall aesthetic reflect its original construction era. The listing's own analysis identifies dated construction as a weakness, suggesting that cosmetic updates and system modernizations are likely needed to meet current market standards.
The property features a unique pedestrian bridge providing direct walking access to major grocery stores and big-box retailers, offering exceptional convenience for daily errands.
Includes a rare detached garage and a ground-floor entrance, providing the privacy and ease of access typically found in single-family homes within a secure gated community.
The 1,118 sq. ft. layout is well-optimized with a primary suite walk-in closet, a dedicated laundry room, and a private patio, maximizing both comfort and storage.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6925, other record lot size in square feet = 2386.
The assigned middle and high schools have lower ratings (2 and 4 respectively), which may impact long-term resale value and appeal to families with school-aged children.
Built in 1998, the property may require cosmetic updates or system modernizations to compete with newer developments in the Las Vegas area.
This welcoming 2 Bed, 2 Bath condo offers comfortable living in a gated community with the added convenience of a detached garage. Enter through the ground-floor entrance, where lush greenery that greets you home. The primary suite features a generous walk-in closet, while additional storage spaces are thoughtfully distributed throughout. Ceiling fans in the living areas provide year-round comfort, and a dedicated laundry room keeps your washer & dryer neatly tucked away. Enjoy your space on the private patio to unwind with your morning coffee or evening drink. Location is a key highlight of this property. A pedestrian bridge just beyond the community gates provides easy walking access to major grocery stores and popular big-box retailers, making everyday shopping a breeze. Golf enthusiasts will appreciate the nearby courses, and the famous Las Vegas Strip is just 20 minutes away. This condo delivers exceptional value in a prime location that balances convenience with tranquility.
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,118 | 1,118 | 50% |
| Lot Size | 6,925 | 2,386 | 84% |
| Price | $213.0K | $180.0K | 68% |
| Price per sq ft | $191 | $167 | 95% |
| Built year | 1998 | 1997 | 53% |
| HOA | $221 | $221 | 50% |
| Days on market | 75 | 363 | 5% |
Feb 6, 2026
$213,000
Initial Listing