23 E Agate Avenue 207, Las Vegas, NV 89123, Las Vegas, 89123 - 2 bed, 2 bath
23 E Agate Avenue 207
Las Vegas, NV 89123
Property Price
SUMMARY
Analysis of 23 E Agate Avenue 207, Las Vegas, NV 89123 is currently available with a list price of $285,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Built in 2005, this property is well-maintained and move-in ready, fitting the 10-20 year age bracket for the 'good' category. It features updated high-quality laminate wood flooring in common areas and includes all appliances. The unit is described as 'well cared for' with functional systems and no immediate renovation required, though the kitchen and bathrooms likely retain their original 2005 styling.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Investment Returns
The property is a turnkey investment, currently tenant-occupied with a 4.5% ROI and a secured lease through May 2026, providing immediate and stable cash flow.
- Resort-Style Amenities
Located in a premier guard-gated community, the unit offers access to luxury facilities including indoor and outdoor pools, a spa, tennis courts, and a fitness center.
- Prime South Strip Location
The Park Avenue development is ideally situated on the South Strip, offering residents convenient access to world-class entertainment, dining, and major transportation hubs.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The $450 monthly association fee is relatively high, which may weigh on the net profit margins for investors despite the steady rental income.
- Limited Buyer Flexibility
Because the unit is leased until mid-2026, it is unsuitable for owner-occupant buyers looking for a primary residence, effectively limiting the pool of potential purchasers to investors.
About 23 E Agate Avenue 207
Investment Property - Tenant Occupied. 4.5% ROI. Well cared for unit. Leased until May 31, 2026 with qualified tenant. Park Avenue Living on South Strip! Guard gated community with all the luxury amenities – Indoor and Outdoor Pool, Spa, Tennis, Exercise Room. Unit near bldg entry door. 2 Bedroom with extra large patio. High quality laminate wood in common areas and carpet in bedrooms. Ceiling fans. All appliances are included.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 19,071 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $450 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,155 | 1,155 | 50% |
| Lot Size | 19,071 | 1,038 | 95% |
| Price | $285.0K | $241.0K | 85% |
| Price per sq ft | $247 | $202 | 78% |
| Built year | 2005 | 2004 | 53% |
| HOA | $450 | $276 | 97% |
| Days on market | 258 | 584 | 38% |
Pricing History
Listed for Sale
Jun 22, 2025
$285,000
Initial Listing