2451 N Rainbow Boulevard 1047, Las Vegas, NV 89108, Las Vegas, 89108 - 1 bed, 1 bath
2451 N Rainbow Boulevard 1047
Las Vegas, NV 89108
Property Price
SUMMARY
Analysis of 2451 N Rainbow Boulevard 1047, Las Vegas, NV 89108 is currently available with a list price of $165,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1988, this property is over 35 years old and, based on the listing analysis, requires updates to interior finishes and mechanical systems to meet modern standards. While functional and move-in ready for a first-time buyer, the age of the components and lack of recent extensive renovations place it in the fair category, as it shows signs of being outdated despite regular upkeep.
PROSSTRENGTHS & OPPORTUNITIES
- Entry-Level Affordability
Priced at $165,000, this property offers a highly accessible entry point for first-time buyers looking to transition from renting to homeownership.
- Community Amenities
The gated complex provides enhanced security and desirable lifestyle features, including a swimming pool and clubhouse for resident use.
- Strategic Accessibility
The location is ideal for commuters, offering close proximity to major freeway access, public transportation, and a variety of local shopping options.
CONSRISKS & DEFICIENCIES
- School District Ratings
The assigned middle and high schools have lower academic ratings (3/10), which may impact appeal for families or affect future resale appreciation.
- Property Age
Built in 1988, the unit may require updates to its interior finishes and mechanical systems to meet modern standards and improve energy efficiency.
About 2451 N Rainbow Boulevard 1047
This is a winner for the 1st time buyer tired of paying rent. Generous 1 bedroom unit in gated complex with pool, clubhouse and close to shops, public transportation and freeway access.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 2,500 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $256 / Month
Neighborhood Insights
Las Vegas Unified Schools
Lilly & Wing Fong Elementary School
Grades PK-5 • 0.5 mi
Irwin & Susan Molasky Junior High School
Grades 6-8 • 2.1 mi
Cimarron Memorial High School
Grades 9-12 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 9% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 720 | 1,049 | 9% |
| Lot Size | 2,500 | 945 | 61% |
| Price | $165.0K | $189.9K | 35% |
| Price per sq ft | $229 | $185 | 82% |
| Built year | 1988 | 1995 | 26% |
| HOA | $256 | $208 | 79% |
| Days on market | 87 | 725 | 8% |
Pricing History
Listed for Sale
Dec 10, 2025
$165,000
Initial Listing