2725 South Nellis Boulevard 1158, Las Vegas, NV 89121, Las Vegas, 89121 - 2 bed, 2 bath
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Las Vegas, NV 89121
This Condominium Asset represents a High-Potential Investment Opportunity, listed at a List Price of $229,900—positioned well above the $204,292 Fair Market Value by -12%. While the property requires modernization due to its Condition Rating of 4, the efficient 1,029 sqft single-story layout and low $198 HOA fee provide a stable foundation for value-add renovations. Located near local schools, this unit is a practical choice for Buy-and-Hold Investors or first-time buyers seeking an entry-level property with significant potential for cosmetic upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2725 South Nellis Boulevard 1158 Subject | $229,900* List Price | 2 | 2 | 1,029 | $199 | - |
A 2725 NELLIS Boulevard 1146 Sold | $192,987 | 2 | 2 | 1,029 | $188 | 0.0 mi |
B 2725 S Nellis Boulevard 1152 Sold | $175,000 List Price | 2 | 2 | 1,029 | 0.0 mi | |
C 2725 S Nellis Boulevard 1146 Sold | $192,987 | 2 | 2 | 1,029 | $188 | 0.0 mi |
D 2725 S Nellis Boulevard 2168 Sold | $235,000 List Price | 2 | 2 | 1,029 | 0.0 mi | |
E 2725 S Nellis Boulevard 2116 Sold | $189,900 List Price | 2 | 2 | 1,029 | 0.1 mi | |
F 2725 S Nellis Boulevard 2049 Sold | $180,000 | 2 | 2 | 1,029 | $175 | 0.1 mi |
G 2725 S NELLIS BL Boulevard 2108 Sold | $190,000 | 2 | 2 | 1,029 | $185 | 0.1 mi |
H 2725 S Nellis Boulevard 1188 Sold | $198,000 | 2 | 2 | 1,029 | $192 | 0.1 mi |
I 2725 South Nellis Boulevard 1154 Active | $180,000 List Price | 2 | 2 | 1,029 | $175 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, this 30-year-old property is functional but dated. The kitchen and bathrooms feature original oak-style cabinetry, older white appliances, and tile countertops consistent with the year of construction. While there is evidence of some newer laminate/vinyl flooring, the primary systems and aesthetic are over 20 years old and require modernization.
The 1,029 sqft floor plan features a functional two-bedroom, two-bathroom single-story design, offering effortless accessibility and a comfortable living environment.
Listed at $229,900, this property represents an affordable entry-level opportunity for first-time buyers or investors looking for value in the Las Vegas market.
With a monthly HOA fee of only $198, the property offers lower recurring carrying costs compared to many other condominium communities in the region.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5227, other record lot size in square feet = 2162.
The assigned public schools have lower ratings (ranging from 3 to 4), which may be a concern for families and could impact future resale value.
Built in 1994, the unit may require cosmetic updates or modernization of major systems to meet contemporary aesthetic standards and improve energy efficiency.
Discover a vibrant urban retreat where comfort meets convenience in this charming Las Vegas condominium. This residence offers an exceptional opportunity to embrace a dynamic lifestyle. Step inside to a thoughtfully designed living space, featuring two inviting bedrooms and two full bathrooms, providing ample room for relaxation and daily routines. The single-story layout ensures effortless living. With 1029 square feet of living area, the home offers a cozy yet functional environment. Situated in a desirable location the property provides a sense of spaciousness within a bustling city. Enjoy the benefits of a well-established community with easy access to local amenities and vibrant city attractions. This condominium is an ideal choice for those seeking a harmonious blend of urban excitement and a peaceful home sanctuary in the heart of Las Vegas.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,029 | - |
| Lot Size | 5,227 | - |
| Price | $229.9K | $217.2K |
| Price per sq ft | $223 | $219 |
| Built year | 1994 | 0 |
| HOA | $198 | $0 |
| Days on market | 10 | 828 |
Jul 12, 2026
$229,900
Initial Listing
May 12, 1995
$72,000
Public Record