2125 Elm Avenue, Las Vegas, NV 89101, Las Vegas, 89101 - 5 bed, 4 bath
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Las Vegas, NV 89101
This Income-Producing Multi-Unit Asset is listed at $499,000, reflecting a market-aligned valuation relative to its $472,482 Fair Market Value. The property functions as a fully occupied triplex, delivering $2,845 in monthly gross rent through a main house and two studio units. Despite a Fair Condition Rating, recent cosmetic renovations and professional management ensure immediate operational stability and diversified revenue streams. This turnkey asset provides a low-effort entry into the Las Vegas rental market, making it an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2125 Elm Avenue Subject | $499,000* List Price | 5 | 4 | 1,719 | $275 | - |
A 433 N 22nd Street Active | $375,000 List Price | 5 | 2 | 1,562 | $240 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, this property has undergone a recent cosmetic renovation including new laminate flooring and fresh interior paint. While the kitchen features updated white cabinetry and modern-style countertops, the presence of popcorn ceilings, window AC units, and painted masonry walls indicates that the rehab was primarily surface-level. The vintage infrastructure and basic fixtures align with the 'fair' category, as the home is well-maintained but shows signs of its age.
The property is fully occupied with three separate rental streams totaling $2,845 per month, providing immediate return on investment for a buyer.
With recent cosmetic renovations and professional property management already in place, this is a low-effort acquisition for passive investors.
The triplex configuration (main house plus two studios) mitigates vacancy risk by spreading rental income across multiple independent units.
Built in 1947, the property may have underlying aging systems such as plumbing or electrical that could require significant capital expenditure beyond cosmetic updates.
The 'drive-by only' restriction and requirement to not disturb tenants make it difficult for buyers to perform comprehensive physical due diligence before making an offer.
Investors! This is being utilized as triplex which is fully occupied. The main house is 3bed/ 2 bath rented at $1500/ month, a studio rented at $595/ month and the other studio is rented at $750/ month. The property was recently cosmetically rehabbed and there is a professional property management company. Please do not disturb tenants, drive by only for showings unless serious offers are discussed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 82% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 1,719 | 1,248 | 77% |
| Lot Size | 5,663 | 6,098 | 11% |
| Price | $499.0K | $295.0K | 97% |
| Price per sq ft | $290 | $204 | 84% |
| Built year | 1947 | 1959 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 1117 | 2% |
Feb 5, 2026
$499,000
Initial Listing
Jun 1, 2005
$175,000
Public Record