2451 N Rainbow Boulevard 1020, Las Vegas, NV 89108, Las Vegas, 89108 - 1 bed, 1 bath
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Las Vegas, NV 89108
This Affordable Ground-Floor Condominium serves as a strategic entry-level Asset with a List Price of $157,500. While priced above the $142,540 Fair Market Value, the unit offers high utility through Ground-Floor Accessibility and a private patio. Carrying a Fair Condition Rating, the 1988 construction presents a clear Value-Add opportunity for interior modernization to drive ROI. Located near the Rainbow Boulevard corridor with proximity to Lilly & Wing Fong Elementary, this acquisition is ideal for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2451 N Rainbow Boulevard 1020 Subject | $157,500* List Price | 1 | 1 | 720 | $198 | - |
A 2451 N Rainbow Boulevard 2043 Sold | $189,900 | 1 | 1 | 720 | $264 | 0.1 mi |
B 2801 N Rainbow Boulevard 118 Sold | $171,500 | 2 | 2 | 944 | $182 | 0.5 mi |
C 2451 N Rainbow Boulevard 2043 Sold | $169,990 List Price | 1 | 1 | 720 | 0.1 mi | |
D 2801 N RAINBOW Boulevard 118 Sold | $171,500 | 2 | 2 | 944 | $182 | 0.5 mi |
E 2451 N Rainbow Boulevard 2035 Active | $165,000 List Price | 1 | 1 | 720 | $229 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1988, making it 37 years old, which aligns with the 'Fair' criteria for homes built over 20 years ago. While the unit appears well-maintained and move-in ready with laminate flooring and clean surfaces, the architectural style, doors, and exterior finishes are dated. There is no evidence of a recent full-scale renovation within the last 5-15 years that would qualify it for a 'Good' or 'Excellent' rating; instead, it represents a typical aged property kept in functional condition through regular upkeep.
The unit is located on the ground floor, offering effortless entry and enhanced convenience for residents who prefer to avoid stairs.
Situated near the Rainbow Boulevard corridor, the property provides excellent proximity to a wide variety of shopping centers, dining options, and essential services.
Listed at $157,500, this condo represents a highly affordable entry into the Las Vegas real estate market, making it an attractive option for first-time buyers or investors.
Built in 1988, the property may require updates to its mechanical systems or interior finishes to meet modern efficiency and aesthetic standards.
The assigned middle and high schools carry lower performance ratings, which may be a consideration for families or impact long-term resale value.
Discover easy, one-bedroom living in this charming ground-floor apartment. Enjoy the simple pleasures of effortless entry, and a cozy spac with lots of natural light. The thoughtfully designed layout maximizes every inch, with a practical living room with dining area, kitchen and a comfortable bedroom. Perfectly located for shopping and restaurants!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 6% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 720 | 1,056 | 6% |
| Lot Size | - | - | 50% |
| Price | $157.5K | $185.0K | 33% |
| Price per sq ft | $219 | $176 | 79% |
| Built year | 1988 | 1995 | 26% |
| HOA | $256 | $200 | 85% |
| Days on market | 182 | 1459 | 17% |
Oct 23, 2025
$157,500
Initial Listing