
Las Vegas, NV 89101
This Centrally Located Value-Add Asset is offered at a List Price of $315,000, compared to a $282,894 Fair Market Value. The property’s Condition Rating of 4 indicates a well-maintained but outdated interior, presenting a clear path for forced appreciation through strategic renovation. Key highlights include a 6,098 sqft lot with No HOA, ample RV Parking, and a Distant Strip View. Located near Rancho High School and major freeways, this property is a high-utility acquisition for Buy-and-Hold Investors or Contractors targeting the robust Las Vegas rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2704 Brady Avenue Subject | $315,000* List Price | 3 | 2 | 936 | $306 | - |
A 1905 Poplar Avenue Sold | $265,000 | 3 | 2 | 936 | $283 | 1.0 mi |
B 2712 Willoughby Avenue Sold | $300,000 | 4 | 2 | 1,211 | $248 | 0.1 mi |
C 2813 Willoughby Avenue Sold | $345,000 | 3 | 1 | 1,269 | $272 | 0.2 mi |
D 1705 Leslie Avenue Sold | $330,000 | 4 | 2 | 1,224 | $270 | 0.6 mi |
E 1812 Ryan Avenue Sold | $330,000 | 3 | 2 | 1,180 | $280 | 0.7 mi |
F 1908 Linden Avenue Active | $340,000 List Price | 3 | 1 | 1,023 | $332 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this property is aged but appears maintained through regular upkeep. The interior features outdated elements such as older oak-style vanities, basic square wall tiling in the bathroom, and older ceiling fans. While functional and move-in ready for an investor or budget-conscious buyer, the home lacks modern renovations and shows signs of physical depreciation consistent with a property that hasn't been updated in over 20 years.
The property is ideally situated with rapid access to major freeways, Downtown Las Vegas, and the Strip, making it highly attractive for commuters and those seeking urban convenience.
With no homeowner association fees and a spacious backyard, the property offers significant freedom and ample space for RV, trailer, or additional vehicle parking.
Priced for potential in a high-demand area, this 3-bedroom home serves as an excellent entry-level investment or a project for those looking to add value through renovation.
With only 936 square feet for a 3-bedroom layout, the interior footprint is quite compact, which may result in small bedroom sizes and limited common living areas.
The property is zoned for several schools with low performance ratings, which could be a significant drawback for families and may impact future resale appeal.
Investor opportunity in a centrally located Las Vegas property offering immediate cash flow and long-term tenant stability. Priced at $315,000, this 936 sq ft home is currently leased at $1,700/month with a reliable long-term tenant in place, providing a strong foundation of consistent income and reduced vacancy risk. At current numbers, the property delivers an approximate 6.5% gross cap rate, making it an attractive option for investors seeking a stabilized, income-producing asset in a high-demand rental market. With no HOA and low-maintenance desert landscaping, operational overhead is kept minimal, supporting stronger net returns and easier management. The home features efficient use of space with 3 bedrooms, along with a spacious backyard and RV parking potential—additional value-add flexibility for future tenant demand or rental optimization. Its central location offers quick access to major freeways, Downtown Las Vegas, the Las Vegas Strip, and a wide range of shopping, dining, and everyday amenities, ensuring continued tenant appeal and strong rental retention. Whether you’re looking to expand your portfolio with a stabilized asset or position for long-term appreciation in a prime rental corridor, this property offers a compelling blend of cash flow, location, and upside potential.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades PK-5 • 0.3 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 936 | - |
| Lot Size | 6,098 | - |
| Price | $315.0K | $474.8K |
| Price per sq ft | $337 | $257 |
| Built year | 1962 | 0 |
| HOA | $0 | $0 |
| Days on market | 114 | 526 |
Mar 30, 2026
$315,000
Initial Listing