231 Greenbriar Townhouse Way, Las Vegas, NV 89121, Las Vegas, 89121 - 1 bed, 1 bath
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231 Greenbriar Townhouse Way
Las Vegas, NV 89121
ACTIVE
CONDITION: FAIR
1Beds
1Baths
660Sq Ft
1,742Lot Size
Property Price
LIST PRICE$190,000
EST. MARKET VALUE
$176,302
7% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $190,000—positioned well below the $176,303 Fair Market Value by -7%. While the property requires modernization due to its Condition Rating of 4, it features a rare 2-car garage and an enclosed patio. The low $164 HOA fee and potential for a 1031 exchange package make this a compelling Buy-and-Hold Investor asset. It is an ideal acquisition for portfolio investors seeking a value-add project in a park-like community.
Estimated Market Value
$176,302
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 Greenbriar Townhouse Way Subject 1 bd · 1 ba · 660 sqft · $267 | $190,000* List Price | 1 | 1 | 660 | $267 | - |
A 474 Las Casitas Way Sold 2 bd · 1 ba · 816 sqft · $245 · 0.4 mi | $200,000 | 2 | 1 | 816 | $245 | 0.4 mi |
B 310 Greenbriar Townhouse Way Active 1 bd · 1 ba · 660 sqft · $273 · 0.1 mi | $179,900 List Price | 1 | 1 | 660 | $273 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1969, the property features some cosmetic updates like newer laminate flooring in the living area. However, the bathroom is significantly dated with a worn vanity and older fixtures, and the garage remains unfinished. Given the age of over 50 years and the dated state of the wet areas, the property requires modernization and likely has aging systems.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Parking Capacity
Rare for a one-bedroom unit, this property includes a full two-car garage, providing significant added value for storage and vehicle security.
- Park-Like Community Setting
Located in Greenbriar Townhomes, the property benefits from excellent curb appeal, wide meandering streets, extensive greenbelts, and a community pool.
- Investment Versatility
With a low $164 HOA fee and the option to package with a second unit via a 1031 exchange, this property is highly attractive for portfolio investors.
CONSRISKS & DEFICIENCIES
- Extended Market Time
The property has been on the market for 350 days, which may lead to buyer skepticism or indicate complexities regarding the 1031 exchange requirement.
- Limited Interior Square Footage
At only 660 square feet, the compact living space may limit the buyer pool to individuals or couples and restrict furniture layout options.
About 231 Greenbriar Townhouse Way
Charming single story townhouse off of Boulder Highway and Desert Inn. This ia a 1 bedroom 1 bath with 2 car garage and enclosed patio area. Greenbriar Townhomes have great curb appeal with wide meandering streets and lots of greenbelt areas for a parklike atmosphere with a Community pool. Seller is doing a 1031 eschange pairing this unit with another townhouse ML# 2732555 located at 3439 Del Marino. The total is $400,000 for both 2 car gaarge townhouses. Both are on month to month tenancy.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1969
- Lot Size
- 1,742 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $164 / Month
Neighborhood Insights
Las Vegas Unified Schools
Will Beckley Elementary School
Grades PK-5 • 0.4 mi
3/10
Jerome Mack Middle School
Grades 6-8 • 0.9 mi
3/10
Chaparral High School
Grades 9-12 • 0.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 660 | 1,432.321 |
| Lot Size | 1,742 | 2,308.901 |
| Price | $190.0K | $341.0K |
| Price per sq ft | $288 | $241 |
| Built year | 1969 | 1998 |
| HOA | $164 | $194 |
| Days on market | 354 | 70 |
Pricing History
Listed for Sale
Nov 4, 2025
$190,000
Initial Listing