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 represents a strategic acquisition with a List Price of $165,000. Explicitly categorized in Poor Condition, the property requires a comprehensive rehabilitation to reach its full potential. However, the seller is offering repair credits, providing a vital budget offset for the renovation. Featuring a private deck and located within walking distance of Lilly & Wing Fong Elementary School, the unit is positioned for strong rental demand post-rehab. This is an ideal project for Fix-and-Flip Investors or Contractors looking to build equity through forced appreciation.
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 | $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.
Built in 1988 (38 years old), the property is explicitly described as being 'in need of rehab' with the seller offering credits for work, indicating significant deferred maintenance or outdated systems consistent with the poor category.
Priced at $165,000, this property offers a highly accessible entry point into the Las Vegas real estate market, making it an ideal opportunity for first-time homeowners or budget-conscious investors.
The seller's willingness to consider credits toward needed repairs provides financial flexibility, allowing buyers to offset some of the initial renovation costs.
Located within half a mile of both the local elementary and high schools, the property offers excellent convenience for residents prioritizing short commutes to educational facilities.
The unit is explicitly listed as needing rehabilitation, requiring the buyer to have additional capital and a plan for renovations before the property is move-in ready.
Being situated on the second floor may limit appeal for buyers seeking ground-level accessibility or those concerned with the logistics of moving furniture to an upper level.
GREAT STARTER UNIT IN NEED OF DECORATING... SELLER WILL CONSIDER CREDITS TOWARDS NEEDED WORK WITH REASONABLE OFFER. CALL FOR DETAILS ON THE 2ND FLOOR UNIT
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