2451 North Rainbow Boulevard 2122, Las Vegas, NV 89108, Las Vegas, 89108 - 3 bed, 2 bath
Loading property details...
2451 North Rainbow Boulevard 2122
Las Vegas, NV 89108
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,237Sq Ft
0Lot Size
Property Price
LIST PRICE$199,900
EST. MARKET VALUE
$199,900
SUMMARY
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.
Estimated Market Value
$199,900
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 2122 Subject | $199,900* List Price | 3 | 2 | 1,237 | $162 | - |
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 Blvd 1083 Sold | $175,000 | 2 | 2 | 1,128 | $155 | 0.1 mi |
D 2801 N Rainbow Boulevard 178 Sold | $225,000 | 3 | 2 | 1,103 | $204 | 0.3 mi |
E 2801 North RAINBOW BL Boulevard 241 Sold | $165,000 | 2 | 2 | 944 | $175 | 0.3 mi |
F 2801 North Rainbow Boulevard 101 Sold | $160,000 | 2 | 2 | 944 | $169 | 0.3 mi |
G 2028 WILLOWBURY Drive B Sold | $155,000 List Price | 2 | 2 | 1,074 | 0.8 mi | |
H 2451 N Rainbow Boulevard 2127 Active | $230,000 List Price | 3 | 2 | 1,237 | $186 | 0.0 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 (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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Accessibility
The property is ideally situated near the US-95 freeway, major shopping centers, and dining, offering exceptional convenience for commuters and residents alike.
- Spacious 3-Bedroom Layout
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.
- Modern Interior Upgrades
The condo features desirable granite countertops and laminate flooring throughout, providing a contemporary aesthetic and durable surfaces that reduce immediate move-in costs.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
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.
- Aging Infrastructure
Built in 1988, the property and community systems are over 35 years old, which may necessitate more frequent maintenance or future capital improvement assessments.
About 2451 North Rainbow Boulevard 2122
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 and families. 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, 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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $380 / Month
Neighborhood Insights
Las Vegas Unified Schools
Lilly & Wing Fong Elementary School
Grades PK-5 • 0.6 mi
6/10
Irwin & Susan Molasky Junior High School
Grades 6-8 • 1.9 mi
3/10
Cimarron Memorial High School
Grades 9-12 • 0.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,237 | 1,059.468 |
| Lot Size | - | 6,055.359 |
| Price | $199.9K | $225.8K |
| Price per sq ft | $162 | $213 |
| Built year | 1988 | 1996 |
| HOA | $380 | $254 |
| Days on market | 106 | 71 |
Pricing History
Listed for Sale
Aug 26, 2026
$199,900
$210,000
-5% Price Drop
Initial Listing
Price Change
May 26, 2026
$210,000
Initial Listing