1503 5th Place, Las Vegas, NV 89104, Las Vegas, 89104 - 3 bed, 3 bath
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Las Vegas, NV 89104
This Mid-Century Architectural Home is a High-Potential Investment Opportunity, listed at $565,000—positioned well below the $684,249 Fair Market Value by 17%. This valuation gap provides $119,249 in Instant Equity. Maintaining a Condition Rating of 4, the property preserves its 1956 integrity with a natural stone fireplace and original wood cabinetry, complemented by a 2021 roof and granite countertops. Its walkable proximity to the Arts District and a powered workshop adds significant functional value. This is an exceptional find for Mid-Century Enthusiasts or Owner-Occupants seeking a high-equity urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1503 5th Place Subject | $565,000* List Price | 3 | 3 | 2,508 | $273 | - |
A 2113 Alhambra Circle Sold | $456,773 | 4 | 3 | 2,089 | $219 | 0.4 mi |
B 1816 Chapman Drive Sold | $625,000 | 4 | 4 | 2,883 | $217 | 0.9 mi |
C 1041 E Saint Louis Avenue Sold | $415,000 | 3 | 2 | 1,796 | $231 | 0.5 mi |
D 556 E OAKEY BL Boulevard Sold | $530,000 | 2 | 2 | 1,813 | $292 | 0.1 mi |
E 1309 EXLEY Avenue Sold | $460,000 | 5 | 2 | 1,786 | $258 | 0.8 mi |
F 1716 Chapman Drive Active | $627,000 List Price | 3 | 2 | 2,271 | $276 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this property is well-maintained but largely retains its original mid-century features, which aligns with the 'Fair' condition criteria for aged homes with occasional updates. While the kitchen has been partially updated with granite countertops and modern stainless steel appliances, and the roof was replaced in 2021, the home still features original wood cabinetry, vintage bathroom tiling, and older light fixtures. The property is move-in ready but shows signs of being outdated relative to modern construction standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 2508.
This 1956 home preserves its original architectural integrity with rare wood paneling, a natural stone fireplace, and vintage fixtures, offering a unique aesthetic that stands out from standard modern renovations.
Situated less than a 15-minute walk from the Las Vegas Arts District, the property offers exceptional access to urban culture, dining, and nightlife while eliminating the need for paid parking.
While the roof was replaced in 2021, the home's 1956 vintage may necessitate further investments in plumbing, electrical, or insulation systems to meet modern efficiency standards.
The 'retro vibe' and original tile work, while a strength for enthusiasts, may be viewed as dated by mainstream buyers, potentially requiring a specific buyer profile or future renovation costs.
Do those gray flips in historic homes leave you cold? Say hello to this midcentury beauty with plenty of original features to satisfy that retro vibe you crave. The home features a natural (unpainted) stone wood burning fireplace in the massive family room, which could easily be walled off into a 4th bedroom with existing closet--wood paneling with rare alternating smooth and ridged panels complete the room's vintage vibe. Huge kitchen with a generous amount of original wood cabinets and hood vent along with a prep island, granite countertops and gas range. One bathroom boasts lively original tile and fixtures. Wait till you see the original ceiling light fixture in the den, a rare de-(light) indeed. Can you find the original pocket door? It works smoothly. Roof shingles new 2021. All of this is less than a 15-minute walk to the art, culture, dining, live theater, and nightlife of The Arts District--no more paid parking. Shed/workshop/art studio is 11x13 w electricity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 2,508 | 1,593.5 | 88% |
| Lot Size | 10,890 | 6,970 | 95% |
| Price | $565.0K | $353.5K | 94% |
| Price per sq ft | $225 | $222 | 52% |
| Built year | 1956 | 1959 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 349 | 1% |
Apr 7, 2026
$565,000
Initial Listing
Oct 30, 1996
$133,500
Public Record