2451 North Rainbow Boulevard 2122, Las Vegas, NV 89108, Las Vegas, 89108 - 3 bed, 2 bath
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Las Vegas, NV 89108
This 3-bedroom condo presents a High-Potential Investment Opportunity with a List Price of $210,000—positioned well below the $175,197 Fair Market Value by -19%. While the property carries a Condition Rating of 4, the Granite Kitchen and laminate flooring provide a solid foundation for value-add cosmetic updates. Featuring community amenities like a pool, spa, and fitness center, this asset offers strong rental potential near the US-95. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a centrally located, affordable entry point.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2451 North Rainbow Boulevard 2122 Subject | $210,000* List Price | 3 | 2 | 1,237 | $142 | - |
A 2451 N RAINBOW Boulevard 1116 Sold | $189,000 | 2 | 2 | 1,128 | $168 | 0.0 mi |
B 2451 N Rainbow Boulevard 1116 Sold | $189,000 | 2 | 2 | 1,128 | $168 | 0.0 mi |
C 2451 N Rainbow Boulevard 2073 Sold | $160,000 | 3 | 2 | 1,237 | $129 | 0.1 mi |
D 2451 N RAINBOW BL Boulevard 2073 Sold | $160,000 | 3 | 2 | 1,237 | $129 | 0.1 mi |
E 2451 N RAINBOW BL Boulevard 2073 Sold | $160,000 | 3 | 2 | 1,237 | $129 | 0.1 mi |
F 2451 N Rainbow Boulevard 1069 Sold | $210,000 | 3 | 2 | 1,237 | $170 | 0.1 mi |
G 2451 N Rainbow Boulevard 1109 Active | $230,000 List Price | 3 | 2 | 1,237 | $186 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property is dated and shows signs of deferred maintenance, most notably the missing or damaged ceiling panels in the hallway. While the kitchen has been partially updated with granite countertops and laminate flooring exists throughout, the cabinetry, appliances, and bathrooms are aged. The property requires cosmetic updates (paint) and minor repairs to be fully move-in ready.
The property is ideally situated near the US-95 freeway, major shopping centers, and dining, offering exceptional convenience for commuters and residents alike.
Offering 1,237 sq. ft. with a rare three-bedroom configuration at this price point, the unit provides significant versatility for families or high-yield rental potential for investors.
The condo features desirable granite countertops and laminate flooring throughout, providing a contemporary aesthetic and durable surfaces that reduce immediate move-in costs.
The $380 monthly association fee is relatively high compared to the listing price, which may impact the debt-to-income ratio and overall affordability for some buyers.
Built in 1988, the property and community systems are over 35 years old, which may necessitate more frequent maintenance or future capital improvement assessments.
Searching for a 3-bed condo near shopping, dining, and the 95 freeway? Welcome to the gated Alondra community, offering 1,237 sq. ft. of comfortable living space with 3 bedrooms, 2 bathrooms, a covered balcony and community amenities include pool, spa, and fitness center. Ideal for first-time buyers, families, or investors looking for location and convenience. This second-floor condo features a spacious living area that flows directly to a private covered balcony. The kitchen includes granite countertops and a breakfast bar, flooring is laminate through out and generous bedroom space. Just minutes from shopping centers, restaurants, movie theaters, and quick freeway access via the 95. Built in 1988 with a stucco exterior. Whether you are a first-time homebuyer seeking affordability and convenience, a family needing extra bedroom space, or an investor looking for a strong Las Vegas location, this property delivers exceptional potential in a centrally located community. Don’t miss this opportunity to own a 3-bed condo in Las Vegas with gated amenities and easy access to everything the city has to offer.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 68% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,237 | 1,074 | 70% |
| Lot Size | - | - | 50% |
| Price | $210.0K | $180.0K | 74% |
| Price per sq ft | $170 | $168 | 53% |
| Built year | 1988 | 1995 | 25% |
| HOA | $380 | $200 | 97% |
| Days on market | 21 | 1580 | 1% |
May 26, 2026
$210,000
Initial Listing