1405 S Nellis Boulevard 1106, Las Vegas, NV 89104, Las Vegas, 89104 - 2 bed, 2 bath
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Las Vegas, NV 89104
This Move-In Ready Condominium is a Prime Investment Opportunity listed at $225,000—positioned well below the $234,119 Fair Market Value by 3%. This valuation gap offers $9,119 in Instant Equity. Boasting a Condition Rating of 3, the interior features granite countertops, stainless steel appliances, and a versatile enclosed balcony. The inclusion of a 1-car garage and recent A/C and water heater replacements provide significant utility and reduced capital risk. This property is perfectly suited for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1405 S Nellis Boulevard 1106 Subject | $215,000* List Price | 2 | 2 | 1,080 | $211 | - |
A 1405 S Nellis Boulevard 1091 Sold | $184,000 | 2 | 2 | 1,080 | $170 | 0.0 mi |
B 1300 S Arlington Street 225 Sold | $179,999 List Price | 2 | 2 | 1,118 | 0.2 mi | |
C 1300 S Arlington Street 225 Sold | $195,000 | 2 | 2 | 1,118 | $174 | 0.2 mi |
D 1405 S Nellis Boulevard 2087 Sold | $156,000 | 2 | 1 | 973 | $160 | 0.0 mi |
E 1405 S Nellis Boulevard 2087 Sold | $156,000 | 2 | 1 | 973 | $160 | 0.0 mi |
F 4555 E Sahara Avenue 131 Sold | $180,000 | 2 | 2 | 1,073 | $168 | 1.0 mi |
G 1405 S Nellis Boulevard 2094 Active | $199,999 List Price | 2 | 2 | 1,118 | $179 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with several key updates that elevate it above a 'fair' rating. While the home was built in 1996, it features modern granite countertops, stainless steel appliances, and consistent tile flooring throughout. Significant capital improvements include a two-year-old A/C unit and water heater, which addresses major system longevity. The interior is well-maintained with crown molding and updated fixtures, though the original cabinetry style prevents an 'excellent' rating.
The A/C unit and water heater were replaced approximately two years ago, providing significant value and reducing the likelihood of immediate capital expenditures for the buyer.
The inclusion of a private 1-car garage and a versatile enclosed balcony—suitable for a home office or sunroom—sets this unit apart from standard area condominiums.
The home is move-in ready with granite countertops, stainless steel appliances, and uniform tile flooring, offering a contemporary aesthetic and low-maintenance lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6412, other record lot size in square feet = 2726.
The assigned middle and high schools carry lower ratings (2 and 4 respectively), which may limit the property's appeal to families and impact long-term resale velocity.
Constructed in 1996, the community is approaching a 30-year lifecycle, which often correlates with increased maintenance requirements for common areas and potential future HOA adjustments.
The A/C unit and water heater were replaced approximately two years ago. New garbage disposal. A MUST-SEE beautiful 2 bedroom, 2 bathroom condo with a 1-car garage! This well-maintained home features granite countertops, stainless steel appliances, a dining area, ceiling fans, blinds, and spacious bedrooms. Tile flooring throughout offers both style and easy maintenance. Enjoy the enclosed balcony that provides additional flexible living space, perfect as a sunroom, office, or cozy sitting area. Located in a gated community with fantastic amenities including a community pool, clubhouse, and fitness center.
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades 6-8 • 1.8 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 | 1,080 | 1,118 | 47% |
| Lot Size | 6,412 | 2,386 | 68% |
| Price | $215.0K | $180.0K | 68% |
| Price per sq ft | $199 | $167 | 95% |
| Built year | 1996 | 1996 | 50% |
| HOA | $262 | $221 | 89% |
| Days on market | 47 | 363 | 5% |
Apr 7, 2026
$215,000
$225,000
-4% Price Drop
Initial Listing
Mar 6, 2026
$225,000
Initial Listing
Sep 17, 1996
$86,000
Public Record