2451 N Rainbow Boulevard 1137, Las Vegas, NV 89108, Las Vegas, 89108 - 2 bed, 2 bath
2451 N Rainbow Boulevard 1137
Las Vegas, NV 89108
Property Price
SUMMARY
Analysis of 2451 N Rainbow Boulevard 1137, Las Vegas, NV 89108 is currently available with a list price of $200,500. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Built in 1988 but significantly updated to move-in ready condition. Key improvements include luxury vinyl flooring throughout, granite countertops, and a $10,000 primary bathroom renovation featuring an ADA-compliant walk-in shower. The inclusion of all appliances and a home warranty further supports a well-maintained status despite the building's age.
PROSSTRENGTHS & OPPORTUNITIES
- Enhanced Accessibility
The property features over $17,000 in ADA-compliant upgrades, including a renovated walk-in shower, widened doorways, and specialized French doors for wheelchair access to the balcony.
- Financing & Move-in Value
Being FHA approved and including all appliances plus a one-year home warranty, this condo offers an accessible entry point for first-time buyers with reduced immediate out-of-pocket expenses.
- Modern Interior Upgrades
The unit is finished with contemporary luxury vinyl flooring throughout and granite countertops, providing a durable and aesthetically pleasing living space that requires little immediate renovation.
CONSRISKS & DEFICIENCIES
- School District Ratings
The property is zoned for middle and high schools with lower academic ratings (3/10), which may impact long-term resale value and appeal to families.
- Building Age & HOA Costs
Built in 1988, the aging infrastructure of the complex combined with a $318 monthly HOA fee represents a significant recurring cost relative to the property's price point.
About 2451 N Rainbow Boulevard 1137
FHA APPROVED Condo on the first floor! Primary bath was renovated to walk in shower. ($10,000) upgrade! Cozy 2 bedroom with ADA compliant primary shower. All one level! Doors to master bedroom and bathroom widened for wheelchair accessibility. Upgraded french doors with with wheelchair access ($7,000) to covered balcony. Balcony has tile flooring instead of cement. Luxury vinyl flooring installed throughout. Granite countertops. ALL APPLIANCES INCLUDED. Refrigerator with ice maker and water included. Washer and dryer included. New Security door included. Quiet, Safe neighborhood with a well run Hoa. Seller is offering a one year home warranty on all appliances. Nice amenities! Condo is in a private desirable location. Minutes from world class shopping! Covered parking space and an ADA parking space that are steps from your door. FHA approved!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 3,450 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $318 / 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 • 2.0 mi
Cimarron Memorial High School
Grades 9-12 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,128 | 1,056 | 65% |
| Lot Size | 3,450 | 945 | 66% |
| Price | $200.5K | $190.0K | 65% |
| Price per sq ft | $178 | $185 | 46% |
| Built year | 1988 | 1995 | 26% |
| HOA | $318 | $208 | 94% |
| Days on market | 220 | 725 | 29% |
Pricing History
Listed for Sale
Jul 30, 2025
$200,500
Initial Listing