1868 Arbol Verde Way, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
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Las Vegas, NV 89119
This Strategic Value-Add Townhouse is listed at $280,000, serving as a high-utility Asset near UNLV and the Medical District. While the $215,243 Fair Market Value reflects a Condition Rating of 4, the property offers significant ROI potential through modernization. The Versatile Floor Plan includes a den convertible to a 3rd Bedroom and a unique Private Atrium. Families benefit from the proximity to Lewis E Rowe Elementary (Rating 7), while market trends show stable demand for multi-room rentals in this hub. This is a calculated acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1868 Arbol Verde Way Subject | $275,000* List Price | 2 | 2 | 1,383 | $155 | - |
A 4453 Alto Verde Drive Active | $329,900 List Price | 2 | 2 | 1,358 | $243 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981 (45 years old) with no mention of recent renovations. The interior shows significant dating, including popcorn ceilings, gold-trimmed mirrored closet doors, and older flooring. While functional and move-in ready, the property requires cosmetic updates and likely system modernization to meet current standards.
The property is ideally situated just minutes from UNLV, the Medical District, and the airport, making it a high-demand location for students, professionals, and investors.
The inclusion of a den with a door and window allows the home to easily function as a three-bedroom residence, significantly increasing its utility and rental potential.
A private atrium/patio area off the second bedroom provides a rare and charming outdoor retreat that enhances the living experience within a townhouse setting.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8193, other record lot size in square feet = 6241.
The monthly HOA fee of $379 is relatively high for a property at this price point, which may impact the debt-to-income ratio for budget-conscious buyers.
The assigned middle and high schools have low performance ratings (3 and 2 respectively), which could limit the property's appeal to families with school-aged children.
Location is everything! This quaint 2-bedroom, 2-bathroom home is a rare find just minutes from UNLV, the Medical District, and the airport. The floor plan is designed for flexibility, featuring a den with a door and window that functions perfectly as a 3rd bedroom. Enjoy your morning coffee in the private atrium/patio area off the second bedroom. Whether you are looking for a primary residence with room to grow or a high-potential investment property in a high-demand area, this home is a must-see. Seller will be replacing missing Stove with operable unit before close of escrow. Seller to contribute $5,000 credit to buyer towards closing costs.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,383 | 1,405 | 40% |
| Lot Size | 8,193 | 1,742 | 90% |
| Price | $275.0K | $246.9K | 70% |
| Price per sq ft | $199 | $174 | 70% |
| Built year | 1981 | 1981 | 50% |
| HOA | $379 | $250 | 80% |
| Days on market | 42 | 267 | 10% |
May 29, 2026
$275,000
$280,000
-2% Price Drop
Initial Listing
May 5, 2026
$280,000
Initial Listing