1405 S Nellis Boulevard 2082, Las Vegas, NV 89104, Las Vegas, 89104 - 2 bed, 2 bath
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Las Vegas, NV 89104
This Open-Concept Condominium is a High-Potential Investment Opportunity, listed at $189,000—positioned well below the $216,030 Fair Market Value by 12%. This valuation gap offers $27,030 in Instant Equity for the incoming owner. While maintaining a Condition Rating of 4, the unit is move-in ready but provides a clear path for forced appreciation through cosmetic modernization of its original 1996 finishes. Its prime location near major freeways and shopping ensures high rental demand and urban convenience. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-driven entry into the Las Vegas market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1405 S Nellis Boulevard 2082 Subject | $179,500* List Price | 2 | 2 | 1,080 | $163 | - |
A 1405 S Nellis Boulevard 1091 Sold | $184,000 | 2 | 2 | 1,080 | $170 | 0.0 mi |
B 1405 S Nellis Boulevard 2087 Sold | $156,000 | 2 | 1 | 973 | $160 | 0.0 mi |
C 1405 S Nellis Boulevard 2087 Sold | $156,000 | 2 | 1 | 973 | $160 | 0.0 mi |
D 1300 S Arlington Street 225 Sold | $179,999 List Price | 2 | 2 | 1,118 | 0.1 mi | |
E 4555 E Sahara Avenue 205 Sold | $166,000 | 2 | 2 | 1,073 | $155 | 1.0 mi |
F 1300 S Arlington Street 225 Sold | $195,000 | 2 | 2 | 1,118 | $174 | 0.1 mi |
G 1405 S Nellis Boulevard 1106 Active | $215,000 List Price | 2 | 2 | 1,080 | $199 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1996 and appears to be well-maintained and move-in ready; however, it lacks recent modern renovations. The kitchen features dated white tile countertops and older cabinetry that has been painted, and the overall aesthetic—including the flooring and light fixtures—reflects the original construction era rather than current quality standards.
Ideally situated near major freeways, shopping centers, and public transportation, offering excellent convenience for commuters and urban dwellers.
The unit features a spacious 2-bedroom, 2-bathroom layout with an open-concept flow and abundant natural light, creating an inviting and airy living environment.
Listed at $189,000, this property offers a strong value proposition for first-time buyers or investors seeking a functional 1,080 sqft space in the Las Vegas market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6413, other record lot size in square feet = 2726.
The assigned middle school has a low rating of 2/10, which may impact the property's appeal to families with school-aged children.
Constructed in 1996, the property may require updates to major systems or interior finishes to meet modern aesthetic standards and ensure long-term efficiency.
Beautiful 2-bedroom, 2-bath open-concept condo filled with abundant natural light from the entry all the way to the private balcony. Ideally located just minutes from freeways, shopping centers, bus stops, and entertainment. This well-situated unit also includes an assigned carport for added convenience.
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 | 6,413 | 2,386 | 84% |
| Price | $179.5K | $179.5K | 50% |
| Price per sq ft | $166 | $166 | 50% |
| Built year | 1996 | 1996 | 50% |
| HOA | $262 | $221 | 89% |
| Days on market | 69 | 363 | 5% |
Apr 9, 2026
$179,500
$189,000
-5% Price Drop
Initial Listing
Feb 12, 2026
$189,000
Initial Listing
Apr 30, 1996
$85,000
Public Record