1507 Elizabeth Avenue 3, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 1 bath
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Las Vegas, NV 89119
This University-Adjacent Turnkey Condo is a strategic acquisition listed at $179,900—positioned well below the $182,451 Fair Market Value by 1%. This valuation gap provides $2,551 in Instant Equity. Boasting a Condition Rating of 3, the interior features new LVP flooring, fresh paint, and a remodeled bathroom. Located directly across from UNLV, the property benefits from high rental demand and proximity to the 7-rated Lewis E Rowe Elementary. This is an ideal opportunity 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 |
|---|---|---|---|---|---|---|
★ 1507 Elizabeth Avenue 3 Subject | $150,000* List Price | 2 | 1 | 880 | $180 | - |
A 1433 Santa Anita Drive D Sold | $180,000 | 2 | 2 | 976 | $184 | 0.2 mi |
B 1321 Lorilyn Avenue 1 Sold | $160,000 | 2 | 1 | 800 | $200 | 0.2 mi |
C 1467 Hialeah Drive D Sold | $163,000 | 2 | 2 | 976 | $167 | 0.2 mi |
D 1337 Dorothy Avenue 3 Sold | $155,000 | 2 | 1 | 880 | $176 | 0.2 mi |
E 1348 Dorothy Avenue 1 Sold | $169,000 List Price | 2 | 1 | 800 | 0.2 mi | |
F 1729 Jupiter Court B Sold | $170,000 | 2 | 2 | 980 | $173 | 0.4 mi |
G 1433 Elizabeth Avenue 1 Active | $165,000 List Price | 2 | 1 | 800 | $206 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready with significant recent updates (<5y) including new LVP flooring, fresh paint, and a fully remodeled bathroom. While the kitchen cabinetry and appliances are dated and appear to be over 20 years old, the overall unit is well-maintained and functional, meeting the criteria for a move-in ready home despite its 1972 build date.
Situated directly across from UNLV and minutes from the Harry Reid International Airport, this property offers exceptional convenience and high rental demand potential for students and faculty.
Priced as the lowest price per square foot in the community, this condo represents a high-value entry point for first-time buyers or investors looking for immediate equity.
The interior is move-in ready with recent upgrades including new flooring, fresh paint, and a remodeled three-quarter bathroom, reducing immediate post-purchase capital expenditures.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2838, other record lot size in square feet = 1892.
Built in 1972, the property and community may require more frequent maintenance or face limitations associated with older construction standards compared to newer developments.
The assigned middle and high schools carry low performance ratings (3 and 2 respectively), which may deter families and impact long-term resale appeal to that demographic.
Best location in the community. Discover the potential in this charming 2-bedroom, 1-bath, two-story condo ideally located across from UNLV and just minutes from the airport, shopping, dining, public transportation, and major freeways. Priced as the lowest price per square foot in the community, this property offers an exceptional opportunity for both homeowners and investors. The home is move-in ready with new flooring, fresh paint, and a remodeled three-quarter bathroom. The functional layout features a kitchen, living, and dining area on the main level, perfect for comfortable living and entertaining. The laundry area includes a washer and dryer combo unit with space for a stacked setup. A covered, attached carport provides direct kitchen access through a security door, along with a private locked storage closet. The refreshed community features updated landscaping, a pool, tennis courts, clubhouse, and dog park.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 880 | 800 | 51% |
| Lot Size | 2,838 | - | 84% |
| Price | $150.0K | $107.5K | 78% |
| Price per sq ft | $170 | $159 | 56% |
| Built year | 1972 | 1980 | 18% |
| HOA | $300 | $175 | 91% |
| Days on market | 36 | 1491 | 1% |
Jun 5, 2026
$150,000
$170,000
-12% Price Drop
Initial Listing
Jun 1, 2026
$170,000
$174,900
-3% Price Drop
Initial Listing
May 29, 2026
$174,900
$175,000
+0% Price Increase
Initial Listing
May 22, 2026
$175,000
$177,900
-2% Price Drop
Initial Listing
May 18, 2026
$177,900
$178,000
+0% Price Increase
Initial Listing
May 15, 2026
$178,000
$178,900
-1% Price Drop
Initial Listing
May 12, 2026
$178,900
$179,900
-1% Price Drop
Initial Listing
May 2, 2026
$179,900
Initial Listing