2451 N Rainbow Boulevard 1047, Las Vegas, NV 89108, Las Vegas, 89108 - 1 bed, 1 bath
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Las Vegas, NV 89108
This Mountain Creek Condominium is a strategic Asset listed at $165,000, offering a price point that aligns with subdivision market stability. Currently holding a Poor Condition Rating, the unit remains in its original 1988 state, presenting a clear Value-Add opportunity for forced appreciation through interior renovation. The property is ideally situated near Lilly & Wing Fong Elementary School and Cimarron Memorial High School, ensuring consistent tenant demand. This vacant, 720-square-foot unit is a high-potential acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2451 N Rainbow Boulevard 1047 Subject | $165,000* List Price | 1 | 1 | 720 | $115 | - |
A 2801 N Rainbow Boulevard 118 Sold | $171,500 | 2 | 2 | 944 | $182 | 0.5 mi |
B 2801 N RAINBOW Boulevard 118 Sold | $171,500 | 2 | 2 | 944 | $182 | 0.5 mi |
C 2451 N Rainbow Boulevard 1020 Active | $157,500 List Price | 1 | 1 | 720 | $219 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1988, making it 36 years old. According to the criteria, properties over 30 years old without documented renovations are classified as poor. The listing description does not mention any updates to the kitchen, baths, or major systems (HVAC/Electric), suggesting the unit is in original, dated condition requiring significant rehab.
Priced at $165,000, this property offers a monthly carrying cost that may be lower than local rent payments, making it an ideal entry point for first-time buyers.
The property is conveniently located within walking distance of both Lilly & Wing Fong Elementary and Cimarron Memorial High School, enhancing its appeal for residents.
The unit is currently vacant, allowing for a quick closing process and immediate occupancy or rental placement without the delay of a tenant move-out.
Built in 1988, the property may require updates to its original systems or cosmetic finishes to compete with more modern condominium developments.
With only one bedroom and 720 square feet, the unit offers a compact footprint that limits its appeal to single occupants or couples, excluding larger households.
1st time buyer this is your door to ownership @ this price you may BE LOWER THAN A RENT PAYMENT! call your lender and see the benefits. call for an appointment and get in the ownership game
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 5% |
| Baths | 1.0 | 2.0 | 5% |
| Square foot | 720 | 1,066 | 5% |
| Lot Size | 2,500 | - | 68% |
| Price | $165.0K | $178.0K | 44% |
| Price per sq ft | $229 | $168 | 92% |
| Built year | 1988 | 1995 | 25% |
| HOA | $256 | $200 | 87% |
| Days on market | 45 | 1580 | 1% |
May 2, 2026
$165,000
Initial Listing