1622 Thelma Lane, Las Vegas, NV 89104, Las Vegas, 89104 - bed, bath
1622 Thelma Lane
Las Vegas, NV 89104
Property Price
SUMMARY
Analysis of 1622 Thelma Lane, Las Vegas, NV 89104 is currently available with a list price of $485,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Although originally built in 1950, the property has undergone an extensive recent renovation within the last 5 years. The interior features modern shaker-style kitchen cabinets, stainless steel appliances, quartz countertops, and updated bathrooms with contemporary tile work. With new vinyl plank flooring, recessed lighting, and fresh paint throughout, the property meets current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
This turnkey duplex features two separate units (2BR and 1BR), offering excellent flexibility for owner-occupants to house-hack or for investors to maximize rental yield.
- Prime Location
Situated near the vibrant Arts District and Downtown Las Vegas, the property is in a high-demand area with strong growth potential and proximity to entertainment and employment hubs.
- Turnkey Condition
The property has been beautifully refreshed and is move-in ready, reducing immediate capital expenditure for the buyer and allowing for instant occupancy or leasing.
CONSRISKS & DEFICIENCIES
- Vintage Construction
Originally built in 1950, the property may have aging underlying systems or infrastructure that require more frequent maintenance compared to modern builds.
- Compact Living Space
With a total of 1,431 square feet split between two units, the individual living areas are relatively small, which may limit appeal for tenants seeking more spacious accommodations.
About 1622 Thelma Lane
Beautifully refreshed duplex in the heart of Las Vegas, just moments from the vibrant Arts District and Downtown. This income-producing property offers two turnkey units—one featuring 2 bedrooms and the other 1 bedroom—each with a spacious living area, full kitchen, and bathroom. Both units include a welcoming front porch and enjoy a quiet, private setting on an oversized lot. Ideal for an owner-occupant or investor, this property allows you to live in one unit while generating rental income from the other. With strong demand in the rapidly growing Las Vegas market, this duplex is a smart, ready-to-go addition to any investment portfolio.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1950
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,431 | 1,786 | 29% |
| Lot Size | 6,970 | 6,970 | 50% |
| Price | $485.0K | $304.5K | 86% |
| Price per sq ft | $339 | $153 | 86% |
| Built year | 1950 | 1954 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 1508 | 14% |
Pricing History
Listed for Sale
Feb 23, 2026
$485,000
Initial Listing