1501 Linnbaker Lane 202, Las Vegas, NV 89110, Las Vegas, 89110 - 2 bed, 2 bath
1501 Linnbaker Lane 202
Las Vegas, NV 89110
Property Price
SUMMARY
Analysis of 1501 Linnbaker Lane 202, Las Vegas, NV 89110 is currently available with a list price of $129,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1994, this 30-year-old property aligns with the 'fair' criteria as it is within the 25-40 year age range without mention of recent major renovations. The listing description's focus on 'investment opportunity' and 'potential' typically indicates that the kitchen, bathrooms, and flooring are likely original or dated and require cosmetic updates. While the unit appears functional and includes essential features like in-unit laundry, it likely shows signs of physical depreciation consistent with its age.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Situated less than four miles from Downtown Las Vegas and the Fremont Street Experience, this property offers excellent proximity to major employment hubs, dining, and entertainment.
- Desirable Unit Features
The condo features a functional two-bedroom, two-bathroom split layout with essential modern conveniences including in-unit laundry and a private balcony.
- High Investment Potential
With a competitive price point under $130,000 and over 1,000 square feet of living space, this unit presents a strong entry-level opportunity for investors looking to add to their rental portfolio.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4457, other record lot size in square feet = 2862.
- High Carrying Costs
The $340 monthly HOA fee is relatively high for this price bracket and only covers trash, which may negatively impact the net return on investment for a landlord.
- Low School Ratings
The property is zoned for schools with low performance scores, including a high school rated 1 out of 10, which could limit the appeal for long-term family tenants.
About 1501 Linnbaker Lane 202
INVESTMENT OPPORTUNITY! 2 BEDROOMS, 2 BATHS SECOND FLOOR CONDO IN THE EMERALD GARDENS COMMUNITY* IN UNIT LAUNDRY* PRIVATE BALCONY* LOCATED LESS THAN 4 MILES FROM LAS VEGAS DOWNTOWN AND FREEMONT EXPERIENCE* NEAR, SCHOOLS, SHOPPING CENTERS AND FREEWAY* HOA COVERS TRASH* LOTS OF POTENTIAL!!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1994
- Lot Size
- 4,457 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $340 / Month
Neighborhood Insights
Las Vegas Unified Schools
Manuel J Cortez Elementary School
Grades PK-5 • 0.4 mi
Ruben P Diaz Elementary School
Grades PK-5 • 0.5 mi
Mario C & Joanne Monaco Middle School
Grades 6-8 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,047 | 1,068 | 38% |
| Lot Size | 4,457 | 1,068 | 85% |
| Price | $129.0K | $155.0K | 46% |
| Price per sq ft | $123 | $169 | 46% |
| Built year | 1994 | 1993 | 62% |
| HOA | $340 | $197 | 92% |
| Days on market | 8 | 760 | 8% |
Pricing History
Listed for Sale
Feb 27, 2026
$129,000
Initial Listing
Sold
May 1, 1998
$65,000
Public Record