2451 N Rainbow Boulevard 2127, Las Vegas, NV 89108, Las Vegas, 89108 - 3 bed, 2 bath
2451 N Rainbow Boulevard 2127
Las Vegas, NV 89108
Property Price
SUMMARY
Analysis of 2451 N Rainbow Boulevard 2127, Las Vegas, NV 89108 is currently available with a list price of $230,000. 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.
The property is well-maintained and move-in ready, featuring significant recent functional improvements including a brand-new A/C system, fresh interior paint, and new kitchen flooring. However, the home was built in 1988 and the kitchen and bathrooms remain largely outdated with original-style oak cabinetry, laminate countertops, and older white appliances. While the unit is clean and functional, the overall aesthetic and fixtures show signs of age consistent with the 'fair' condition category.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Capital Improvements
The property features over $15,000 in high-value upgrades, including a brand-new A/C system, fresh interior paint, and new kitchen flooring, offering immediate move-in readiness and reduced near-term maintenance costs.
- Comprehensive Community Amenities
Situated in the gated Alondra community, residents benefit from a robust amenity package including a pool, spa, fitness center, sauna, and beautifully landscaped walking paths, enhancing the overall lifestyle value.
- Strategic Location and Layout
This spacious 1,237 sq. ft. 3-bedroom unit provides an ideal floor plan for families and is conveniently located near Freeway 95, ensuring quick access to local shopping, dining, and entertainment hubs.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fees
The monthly HOA fee of $380 is relatively high for this price point, which may impact the monthly carrying costs and overall affordability for budget-conscious buyers.
- Underperforming Local Schools
The assigned middle and high schools are currently rated 3/10, which could be a significant drawback for families prioritizing high-performing educational districts and may affect long-term resale value.
About 2451 N Rainbow Boulevard 2127
Conveniently located near freeway 95 with shopping, dining, and entertainment just minutes away, this spacious 3-bedroom, 2-bath condo is situated in the gated community of Alondra. The community offers fantastic amenities including a pool, spa, fitness center, sauna, and beautifully landscaped outdoor areas with green spaces and walking paths. This 1,237 sq. ft. unit has been freshly painted and features new kitchen flooring and a brand-new A/C system (over $15,000 in upgrades!). Enjoy a private balcony with great views — perfect for relaxing after a long day. An ideal home for first-time buyers or families looking for space, comfort, and convenience in a well-maintained community.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 11,696 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $380 / Month
Neighborhood Insights
Las Vegas Unified Schools
Lilly & Wing Fong Elementary School
Grades PK-5 • 0.6 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 | 3.0 | 2.0 | 79% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,237 | 1,056 | 78% |
| Lot Size | 11,696 | 945 | 94% |
| Price | $230.0K | $190.0K | 74% |
| Price per sq ft | $186 | $185 | 50% |
| Built year | 1988 | 1995 | 26% |
| HOA | $380 | $208 | 97% |
| Days on market | 129 | 725 | 13% |
Pricing History
Listed for Sale
Oct 29, 2025
$230,000
Initial Listing