2451 North Rainbow Boulevard 2007, Las Vegas, NV 89108, Las Vegas, 89108 - 2 bed, 2 bath
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2451 North Rainbow Boulevard 2007
Las Vegas, NV 89108
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,128Sq Ft
11,696Lot Size
Property Price
LIST PRICE$189,000
EST. MARKET VALUE
$191,987
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $189,000—positioned well below the $191,987 Fair Market Value by 1%. This valuation gap offers $2,987 in Instant Equity. Featuring a Condition Rating of 3, the unit includes a Granite Kitchen, Wood Burning Fireplace, and a private Deck. While local schools have lower ratings, the property’s move-in ready status and functional layout make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable, low-maintenance residence.
Estimated Market Value
$191,987
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 2007 Subject | $189,000* List Price | 2 | 2 | 1,128 | $170 | - |
A 2451 N Rainbow Blvd 1083 Sold | $175,000 | 2 | 2 | 1,128 | $155 | 0.1 mi |
B 2801 N Rainbow Boulevard 178 Sold | $225,000 | 3 | 2 | 1,103 | $204 | 0.5 mi |
C 2801 North RAINBOW BL Boulevard 241 Sold | $165,000 | 2 | 2 | 944 | $175 | 0.5 mi |
D 2451 N Rainbow Boulevard 1116 Sold | $189,000 | 2 | 2 | 1,128 | $168 | 0.2 mi |
E 2801 N Rainbow Boulevard 153 Sold | $187,500 | 2 | 2 | 1,020 | $184 | 0.5 mi |
F 2451 N RAINBOW Boulevard 1116 Sold | $189,000 | 2 | 2 | 1,128 | $168 | 0.2 mi |
G 2801 North Rainbow Boulevard 106 Sold | $133,000 | 1 | 1 | 695 | $191 | 0.5 mi |
H 2451 N Rainbow Boulevard 2160 Active | $180,000 List Price | 2 | 2 | 1,128 | $160 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1988, the property has undergone significant renovations within the 5-15 year range, including granite countertops in the kitchen and bathrooms, updated dark cabinetry, and newer carpet and paint. It is well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value
Priced under $200,000, this property offers a rare and highly affordable entry point into the Las Vegas market, making it an ideal opportunity for first-time homebuyers or investors.
- Turnkey Condition
The home is move-in ready with updated carpeting, fresh paint, and granite countertops throughout, saving the buyer time and money on immediate renovations.
- Functional & Spacious Layout
At 1,128 square feet, the unit features a well-designed floor plan including a wet bar, wood-burning fireplace, and dual walk-in closets, providing amenities often reserved for larger residences.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11696, other record lot size in square feet = 12554.
- Underperforming School District
The assigned middle and high schools are rated low (3/10), which may be a significant drawback for families and could impact future resale demand.
- Second-Floor Accessibility
Located on the second floor, the unit may pose accessibility challenges for individuals with mobility issues, as is common with older garden-style condominium complexes.
About 2451 North Rainbow Boulevard 2007
Do not miss this amazing opportunity to own your own home for under $200,000! This 1128 square foot condo is cute, cozy and ready for you. Located on the 2nd floor of the Alondra Condominiums, this inviting home offers a huge living room with wood burning corner fireplace and balcony with lots of natural light and an adjacent wet bar perfect for entertaining. The kitchen is well designed and features dark cabinetry, granite countertops, walk in pantry with lots of shelves and dining area too. Oversized primary bedroom has lots of space for furniture, desk etc and has walk in closet and bath with garden tub/shower. 2nd bedroom is almost as large as the primary and has a large walk in closet as well. Both baths offer granite countertops and surrounds too. The best part--no work needed here. The carpet has been updated and is in excellent condition and paint is great too. This incredibly well cared for home is the best buy in the neighborhood. Come see it today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 11,696 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $319 / Month
Neighborhood Insights
Las Vegas Unified Schools
Lilly & Wing Fong Elementary School
Grades PK-5 • 0.4 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 | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,128 | 1,059.468 |
| Lot Size | 11,696 | 6,055.359 |
| Price | $189.0K | $225.8K |
| Price per sq ft | $168 | $213 |
| Built year | 1988 | 1996 |
| HOA | $319 | $254 |
| Days on market | 13 | 71 |
Pricing History
Listed for Sale
Aug 27, 2026
$189,000
Initial Listing