2451 North Rainbow Boulevard 1052, Las Vegas, NV 89108, Las Vegas, 89108 - 1 bed, 1 bath
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2451 North Rainbow Boulevard 1052
Las Vegas, NV 89108
ACTIVE
CONDITION: FAIR
1Beds
1Baths
720Sq Ft
0Lot Size
Property Price
LIST PRICE$99,999
EST. MARKET VALUE
$104,499
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $100,000—positioned well below the $104,500 Fair Market Value by 4%. This valuation gap offers $4,500 in Instant Equity for buyers. Featuring a Fair Condition Rating with durable vinyl plank flooring and an open-concept layout, the unit requires minor cosmetic updates. While the short sale status requires patience, the property is an ideal asset for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point into the Las Vegas market.
Estimated Market Value
$104,499+$4,500 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2451 North Rainbow Boulevard 1052 Subject | $99,999* List Price | 1 | 1 | 720 | $145 | - |
A 2451 North Rainbow Boulevard 2147 Active | $125,000 List Price | 1 | 1 | 720 | $174 | 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 1988 (38 years old), the property is dated but well-maintained with updated vinyl plank flooring. While the kitchen and bath are functional, the age and 'short sale' status suggest original systems and fixtures that require cosmetic updates and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value and Investment Potential
Priced at $100,000, this property offers a highly competitive entry point into the Las Vegas market, providing significant upside for investors or first-time buyers looking for equity growth.
- Modern Interior Finishes
The unit features durable vinyl plank flooring throughout and an open-concept layout, offering a contemporary aesthetic that is both low-maintenance and appealing to modern tenants.
- Prime Ground-Floor Accessibility
As a downstairs unit with a private covered balcony and close proximity to major freeway access and shopping, the property offers excellent convenience and ease of access.
CONSRISKS & DEFICIENCIES
- Short Sale Complexity
The transaction is subject to lender approval, which often results in prolonged closing timelines and a higher degree of uncertainty compared to traditional real estate sales.
- Underperforming Secondary Schools
While the elementary school is well-rated, the assigned middle and high schools have lower ratings (3/10), which may limit the property's appeal to families and impact long-term resale value.
About 2451 North Rainbow Boulevard 1052
Short Sale Opportunity! Well-maintained downstair condo featuring an open-concept layout with spacious living and dining areas, a functional kitchen with ample cabinet space, a generously sized bedroom, and a full bathroom. Enjoy durable vinyl plank flooring throughout, abundant natural light, and a private covered balcony. Conveniently located near shopping, dining, schools, and freeway access. A fantastic opportunity for investors or owner-occupants willing to add their personal touch. Property is being sold as a short sale and is subject to lender approval.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $255 / Month
Neighborhood Insights
Las Vegas Unified Schools
Lilly & Wing Fong Elementary School
Grades PK-5 • 0.5 mi
6/10
Irwin & Susan Molasky Junior High School
Grades 6-8 • 2.1 mi
3/10
Cimarron Memorial High School
Grades 9-12 • 0.6 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 720 | 1,059.468 |
| Lot Size | - | 6,055.359 |
| Price | $100.0K | $225.8K |
| Price per sq ft | $139 | $213 |
| Built year | 1988 | 1996 |
| HOA | $255 | $254 |
| Days on market | 42 | 71 |
Pricing History
Listed for Sale
Aug 15, 2026
$99,999
$100,000
+0% Price Increase
Initial Listing
Price Change
Jul 29, 2026
$100,000
Initial Listing