2451 N Rainbow Boulevard 2048, Las Vegas, NV 89108, Las Vegas, 89108 - 1 bed, 1 bath
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Las Vegas, NV 89108
This Value-Add Condominium in Mountain Creek represents an asset acquisition for those looking to build equity through renovation. Listed at $165,000, the price reflects the stability of the local market relative to its $144,790 Fair Market Value. With a Condition Rating of 4, the unit "awaits your decorating skills," offering a clear path to forced appreciation. Residents enjoy a gated community with a pool and clubhouse near Lilly & Wing Fong Elementary, Molasky Junior High, and Cimarron Memorial High. This is a prime opportunity 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 2048 Subject | $165,000* List Price | 1 | 1 | 720 | $201 | - |
A 2451 N Rainbow Boulevard 2043 Sold | $189,900 | 1 | 1 | 720 | $264 | 0.0 mi |
B 2451 N Rainbow Boulevard 2043 Sold | $169,990 List Price | 1 | 1 | 720 | 0.0 mi | |
C 2801 N Rainbow Boulevard 118 Sold | $171,500 | 2 | 2 | 944 | $182 | 0.5 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.
Built in 1988, this property is in mostly original condition and requires cosmetic updates. The kitchen features dated white appliances and laminate countertops, while the living areas show worn carpeting. The listing description explicitly states the unit 'awaits your decorating skills,' confirming that while the home is functional and maintained, the interior finishes and fixtures are aged and show signs of being outdated.
The property is ideally situated near major shopping centers, public transportation, and diverse dining options, offering high convenience for residents.
Located within a secure gated community, residents have access to a pool, clubhouse, and dedicated pet areas, enhancing the overall lifestyle value.
The unit is within walking distance to both an elementary school (0.47 miles) and a high school (0.55 miles), making it a practical choice for small families or staff.
The listing explicitly mentions the unit awaits decorating skills, suggesting that buyers will need to budget for immediate aesthetic or functional renovations.
Built in 1988, the property may require more frequent maintenance or updates to major systems compared to more modern condominium developments.
Don't miss out on the 2nd floor unit that awaits your decorating skills. The location of the complex offers close by shopping, public transportation, food vendors and more. Pool, clubhouse and pet areas also available in this gated community
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 | 6% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 720 | 1,056 | 6% |
| Lot Size | 2,500 | - | 66% |
| Price | $165.0K | $185.0K | 38% |
| Price per sq ft | $229 | $176 | 87% |
| Built year | 1988 | 1995 | 26% |
| HOA | $256 | $200 | 85% |
| Days on market | 134 | 1459 | 10% |
Dec 10, 2025
$165,000
Initial Listing