23 E Agate Avenue 207, Las Vegas, NV 89123, Las Vegas, 89123 - 2 bed, 2 bath
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Las Vegas, NV 89123
This Turnkey Investment Asset is listed at $285,000, offering a stable entry into the Las Vegas market near its $271,000 Fair Market Value. Currently tenant-occupied with a lease secured until May 2026, the property delivers an immediate 4.5% ROI for passive ownership. The residence maintains a Condition Rating of 3, featuring granite countertops, laminate wood flooring, and a rare extra-large patio. Situated in a guard-gated community with luxury pools and fitness facilities, this unit is a high-stability acquisition for Buy-and-Hold Investors or portfolio diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23 E Agate Avenue 207 Subject | $285,000* List Price | 2 | 2 | 1,155 | $235 | - |
A 19 E Agate Avenue 306 Sold | $260,000 | 2 | 2 | 1,155 | $225 | 0.0 mi |
B 59 E Agate Avenue 307 Sold | $270,000 | 2 | 2 | 1,155 | $234 | 0.2 mi |
C 59 AGATE Avenue 307 Sold | $270,000 | 2 | 2 | 1,155 | $234 | 0.2 mi |
D 44 E Serene Avenue 219 Sold | $290,000 | 2 | 2 | 1,184 | $245 | 0.1 mi |
E 62 E Serene Avenue 318 Sold | $220,000 | 2 | 2 | 1,134 | $194 | 0.2 mi |
F 75 E Agate Avenue 206 Sold | $244,500 | 2 | 2 | 1,155 | $212 | 0.2 mi |
G 39 E Agate Avenue 304 Active | $265,000 List Price | 2 | 2 | 1,155 | $229 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, sitting right at the 20-year age mark. The interior features high-quality laminate wood flooring in common areas and granite countertops in the kitchen, which are desirable upgrades. While the white appliances and light wood cabinetry are original to the 2005 build and appear dated by modern standards, the unit shows no signs of deferred maintenance and is currently functional for a tenant or owner-occupant.
The property is currently tenant-occupied with a lease secured until May 2026, providing an immediate 4.5% ROI and long-term stability for passive investors.
Located in a guard-gated community on the South Strip, residents have access to luxury facilities including indoor and outdoor pools, a spa, tennis courts, and a fitness center.
This well-maintained unit features an extra-large patio for enhanced outdoor living space and is conveniently positioned near the building entry door for easy access.
The existing lease through May 31, 2026, prevents immediate occupancy for primary residence buyers, limiting the current market to investors only.
The $450 monthly association fee is a significant recurring expense that may impact the net profitability and appeal for budget-conscious purchasers.
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.
No exterior & parking available.
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 | 1,155 | 1,155 | 50% |
| Lot Size | 19,071 | 470.5 | 91% |
| Price | $285.0K | $247.2K | 85% |
| Price per sq ft | $247 | $212 | 85% |
| Built year | 2005 | 2004 | 52% |
| HOA | $450 | $280 | 97% |
| Days on market | 304 | 1023 | 44% |
Jun 22, 2025
$285,000
Initial Listing