313 N 8th Street, Las Vegas, NV 89101, Las Vegas, 89101 - 2 bed, 2 bath
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Las Vegas, NV 89101
This Turnkey Development Asset is listed at $338,888, reflecting a strategic premium over the $312,270 Fair Market Value due to extensive pre-development entitlements. Maintaining a Condition Rating of 4, the property features a rare 6,969 sq ft lot with fully approved city plans for five micro units. All engineering, architectural planning, and soil testing are complete, ensuring a streamlined path to high-density ROI. Located steps from Downtown Las Vegas attractions, this high-utilization project is ideal for Real Estate Developers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 313 N 8th Street Subject | $338,888* List Price | 2 | 2 | 856 | $365 | - |
A 1905 Poplar Avenue Sold | $265,000 | 3 | 2 | 936 | $283 | 0.7 mi |
B 1505 E Ogden Avenue Sold | $282,000 | 3 | 1 | 996 | $283 | 0.5 mi |
C 630 S 9th Street Sold | $440,000 | 2 | 1 | 1,139 | $386 | 0.8 mi |
D 630 S 9th Street Sold | $440,000 | 3 | 1 | 1,139 | $386 | 0.8 mi |
E 121 N 20th Street Sold | $351,150 | 2 | 1 | 870 | $404 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1932, this property is well-maintained for its age but shows clear signs of being outdated. The bathroom has received some modest updates, such as a newer vanity and floor tile, and the interior appears functional. However, the overall aesthetic, including the exterior stucco, security bars, and older fixtures, reflects a home that has been kept up through regular maintenance rather than a comprehensive modern renovation. The property's primary value lies in its development potential and approved plans for expansion, rather than the current condition of the existing 856 sq ft structure.
The property is a turnkey investment opportunity with fully approved city plans for five micro units, including completed engineering, architectural planning, and soil testing.
Situated in the heart of Downtown Las Vegas, the property is within walking distance of the Fremont Street Experience, Container Park, and major casinos, ensuring high rental demand.
The generous 6,969 sq ft lot is rare for this historic area, providing the necessary footprint for significant expansion and maximizing the property's income potential.
Built in 1932, the original structure may require significant modernization or repairs to address issues common in century-old homes.
At only 856 sq ft, the current living space is quite small for a two-bedroom home, making it less functional as a primary residence without immediate development.
Welcome to 313 N 8th Street, a classic Las Vegas home with incredible potential! Situated on a rare and generous 6,969 sq ft lot, this property offers historic charm along with exceptional development upside—ideal for expansion, redevelopment, or income opportunities. The seller has completed extensive due diligence, including engineering, architectural planning, soil testing, and water line planning for city hookups, along with Water Department approvals. The project has gone through required hearings and is fully approved by the City. Plans are in place and approved to add five (5) micro units, making this a standout investment opportunity. Located minutes from the heart of Downtown Las Vegas, the property is within walking distance to the Fremont Street Experience, Downtown Container Park, and the historic El Cortez Hotel & Casino. Enjoy the energy and culture of downtown while benefiting from a private setting and a rare, turnkey development opportunity with approvals secured.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 856 | 1,248 | 3% |
| Lot Size | 6,970 | 6,098 | 78% |
| Price | $338.9K | $295.0K | 69% |
| Price per sq ft | $396 | $201 | 95% |
| Built year | 1932 | 1959 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 1123 | 2% |
Mar 30, 2026
$338,888
Initial Listing