1601 S MARYLAND, Las Vegas, NV 89104, Las Vegas, 89104 - 3 bed, 1 bath
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1601 S MARYLAND
Las Vegas, NV 89104
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,113Sq Ft
5,663Lot Size
Property Price
LIST PRICE$334,500
EST. MARKET VALUE
$306,421
9% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $343,900—positioned well above the $308,678 Fair Market Value by -11%. Featuring P-R Commercial Zoning and high-traffic visibility on Maryland Parkway, this Fair Condition Rating asset requires significant modernization to meet current commercial codes. The flexible layout supports diverse professional uses, from medical offices to retail. This is a strategic acquisition for Buy-and-Hold Investors or Commercial Developers seeking a value-add project in a central, high-visibility location.
Estimated Market Value
$306,421
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1601 S MARYLAND Subject | $334,500* List Price | 3 | 1 | 1,113 | $275 | - |
A 1020 Wengert Avenue Sold | $270,000 | 3 | 2 | 1,184 | $228 | 0.2 mi |
B 1713 Lamplighter Lane Sold | $355,000 | 3 | 2 | 1,137 | $312 | 0.6 mi |
C 1515 S 11th Street Sold | $320,000 | 4 | 2 | 1,116 | $287 | 0.1 mi |
D 2004 Houston Drive Sold | $345,000 | 3 | 2 | 1,252 | $276 | 0.9 mi |
E 1813 Bracken Avenue Sold | $310,000 | 3 | 2 | 1,427 | $217 | 0.7 mi |
F 1310 Franklin Avenue Active | $275,000 List Price | 3 | 1 | 975 | $282 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1944 (80 years old) and marketed as an investment opportunity with 'no conventional loan' allowed, indicating the property likely fails to meet standard livability or safety requirements. While the bathroom shows a partial tile update, the interior features dated popcorn ceilings, old windows, and fluorescent lighting, suggesting the core systems and structure require significant rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High-Visibility Location
Situated on the high-traffic Maryland Parkway, the property offers exceptional visibility and easy access, making it an ideal spot for professional signage and client-facing businesses.
- Versatile Zoning Potential
Zoned P-R (Professional Office and Parking), this property provides a unique investment opportunity for conversion into medical offices, tax services, or other professional suites.
- Central Investment Opportunity
Located in the historic Huntridge area with no HOA fees, the property serves as a strategic asset for investors looking to capitalize on the revitalization of central Las Vegas.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Restrictive Financing
The requirement for commercial financing and the explicit exclusion of conventional loans significantly limits the buyer pool and may complicate the closing process for standard residential buyers.
- Vintage Infrastructure
Built in 1944, the property likely requires significant modernization of its single-bathroom layout and aging systems to meet current commercial building codes and tenant expectations.
About 1601 S MARYLAND
REDUCED-PRICE, REDUCED-PRICE PR ZONING, CENTRALLY LOCATED AND AVAILABLE. GREAT INVESTMENT OPPORTUNITY. LOCATED IN A HIGH TRAFFIC MARYLAND PARKWAY.GREAT VISIBLITY AND EASY...11 PARKING SPACES. ACCESS. ... COULD BE USED AS OFFICE, TAXES, BRIDAL RENTAL, MEDICAL OFFICE, MORTGAGE COMPANY, INSURANCE OFFICE, REAL ESTATE OFFICE, PHYSICAL THERAPIST OFFICE, NEED TO ASK CITY FOR GUIDELINES AND INFORMATION. FIRM PRICE AND LOAN HAVE TO BE COMMERCIAL ZONING IS P-R. NO CONVENTIONAL LOAN, NO CONVENTIONAL LOAN..
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1944
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
John S Park Elementary School
Grades PK-5 • 0.3 mi
5/10
Crestwood Elementary School
Grades PK-5 • 0.6 mi
4/10
John C Fremont Middle School
Grades 6-8 • 0.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,113 | 1,961.945 |
| Lot Size | 5,663 | 6,098 |
| Price | $334.5K | $486.0K |
| Price per sq ft | $301 | $259 |
| Built year | 1944 | 2002 |
| HOA | $0 | $83 |
| Days on market | 80 | 62 |
Pricing History
Listed for Sale
Aug 20, 2026
$334,500
$341,900
-2% Price Drop
Initial Listing
Price Change
Aug 7, 2026
$341,900
$343,900
-1% Price Drop
Initial Listing
Price Change
Jun 21, 2026
$343,900
Initial Listing
Sold
May 12, 1995
$279,000
Public Record