228 South 16th Street, Las Vegas, NV 89101, Las Vegas, 89101 - 4 bed, 3 bath
Loading property details...
Las Vegas, NV 89101
This Turnkey Income-Generating Asset is a High-Potential Investment Opportunity, listed at $420,000—positioned well above the $366,054 Fair Market Value by 14%. Despite the premium, the property features a Mint Condition Rating following a comprehensive renovation, including new plumbing, HVAC, and a fully equipped studio. With No HOA Fees and significant Income Generation Potential through house-hacking, this property offers a stable, low-maintenance profile. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental revenue in a central location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228 South 16th Street Subject | $395,000* List Price | 4 | 3 | 1,241 | $293 | - |
A 241 N 19th Street Sold | $324,000 | 3 | 1 | 1,230 | $263 | 0.5 mi |
B 244 N 19th Street Sold | $373,000 | 4 | 2 | 1,418 | $263 | 0.5 mi |
C 228 Earl Street Active | $380,001 List Price | 4 | 2 | 1,473 | $258 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete modern renovation including a brand-new kitchen with stainless appliances, updated bathrooms, and new major systems (HVAC, plumbing, water heater, and windows), meeting the criteria for mint condition with no maintenance required.
The property has undergone a comprehensive top-to-bottom renovation including new plumbing, a brand-new A/C system, windows, and stucco, significantly reducing future maintenance costs for the buyer.
With four bedrooms plus a fully equipped studio, this property is uniquely positioned for house-hacking or multi-generational living, offering a clear path for rental income.
The absence of a homeowners association provides the owner with greater financial flexibility and freedom from restrictive community rules common in the Las Vegas market.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Fitting four bedrooms and a studio into just 1,241 square feet suggests very small individual room sizes, which may feel cramped for larger families or those seeking spacious living areas.
The assigned public schools have low ratings, specifically a 2/10 for the high school and 3/10 for the elementary school, which may limit the property's appeal to education-focused families.
4 bedrooms plus a fully equipped studio! This property has been completely renovated, featuring new flooring, new plumbing, a brand-new A/C system, a new water heater, new windows, new cabinets, and new stucco. If you are looking for a property with potential for extra income, this is the one!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,241 | - |
| Lot Size | 6,534 | - |
| Price | $395.0K | $474.8K |
| Price per sq ft | $318 | $257 |
| Built year | 1942 | 0 |
| HOA | $0 | $0 |
| Days on market | 57 | 526 |
Jul 16, 2026
$395,000
$400,000
-1% Price Drop
Initial Listing
Jun 20, 2026
$400,000
$420,000
-5% Price Drop
Initial Listing
May 26, 2026
$420,000
Initial Listing