1498 Rexford Place, Las Vegas, NV 89104, Las Vegas, 89104 - 0 bed, 0 bath
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Las Vegas, NV 89104
This property presents a High-Potential Investment Opportunity with a List Price of $300,000, which aligns with the current $300,000 Fair Market Value. As a Duplex with a 5-bedroom, 3-bathroom configuration, this asset offers significant rental income potential. Given its Condition Rating of 5, the property requires a comprehensive renovation, making it a prime candidate for forced appreciation. The absence of an HOA further enhances long-term cash flow. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in a central Las Vegas location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1498 Rexford Place Subject | $300,000* List Price | 0 | 0 | 1,995 | $150 | - |
A 1208 E Saint Louis Avenue Sold | $350,000 List Price | 0 | 0 | 2,342 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 (70 years old), the property is explicitly marketed as a 'significant rehabilitation project' and a 'canvas for renovation.' Given the age and the agent's description of needing 'thoughtful restoration,' the systems, kitchen, and baths are likely original or severely outdated, requiring a full rehab.
As a duplex featuring five bedrooms and three bathrooms, this property offers versatile rental configurations and the potential for multiple income streams in a central Las Vegas location.
The absence of a homeowners association fee minimizes monthly carrying costs and provides the owner with greater autonomy over property improvements and management.
The property serves as an ideal canvas for investors to force equity through a comprehensive renovation, capitalizing on its generous 1,995 square foot layout.
Marketed as a major renovation project, the property likely requires substantial upfront capital investment to address deferred maintenance and modernize the living spaces.
Built in 1954, the home may have outdated electrical, plumbing, or structural elements that could lead to unforeseen expenses during the rehabilitation process.
Discover an exceptional opportunity in a vibrant Las Vegas neighborhood, ideal for those with a vision for transformation. This expansive multiple dwelling property offers a remarkable canvas for renovation, presenting an unparalleled prospect for investors or those seeking a significant rehabilitation project. With a generous 1995 square feet of living space, this residence provides ample room to create a truly personalized environment. The property features five bedrooms and three full bathrooms, all situated on a single story, offering a flexible layout for various design possibilities. Spanning 0.16 acres, the lot size provides a good balance of outdoor space. Located in a dynamic area, this property promises both potential and convenience, ready to be reimagined into a thriving asset. This is a chance to unlock significant value through thoughtful restoration.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,995 | - |
| Lot Size | 6,970 | - |
| Price | $300.0K | $258.8K |
| Price per sq ft | $150 | $124 |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 41 | 1298 |
Jun 11, 2026
$300,000
Initial Listing
Jun 29, 1994
$82,500
Public Record