3318 N Decatur Boulevard 2103, Las Vegas, NV 89130, Las Vegas, 89130 - 2 bed, 2 bath
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Las Vegas, NV 89130
This Income-Generating Condominium represents a stable residential asset with a List Price of $167,500, aligning perfectly with its $167,500 Fair Market Value. The unit provides a turnkey investment opportunity, currently occupied by a long-term tenant generating $1,450 monthly rent with an expressed desire to renew. Featuring Granite Countertops, included appliances, and a Condition Rating of 4, the property benefits from robust community amenities including a pool, fitness center, and pet park. This is an optimal acquisition for Buy-and-Hold Investors or first-time buyers seeking immediate cash flow and low-maintenance living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3318 N Decatur Boulevard 2103 Subject | $167,500* List Price | 2 | 2 | 976 | $172 | - |
A 3318 N Decatur Boulevard 2094 Sold | $180,000 List Price | 2 | 2 | 976 | 0.0 mi | |
B 3318 N Decatur Boulevard 2082 Sold | $158,000 | 2 | 2 | 976 | $162 | 0.0 mi |
C 3318 N Decatur Boulevard 2007 Sold | $152,910 | 2 | 2 | 976 | $157 | 0.2 mi |
D 3318 N Decatur Boulevard 1088 Sold | $192,000 | 3 | 2 | 1,116 | $172 | 0.0 mi |
E 3318 DECATUR Boulevard 1088 Sold | $192,000 | 3 | 2 | 1,116 | $172 | 0.1 mi |
F 3318 N Decatur Boulevard 2057 Sold | $143,250 | 3 | 2 | 1,140 | $126 | 0.1 mi |
G 3318 N Decatur Boulevard 2110 Active | $172,500 List Price | 2 | 2 | 976 | $177 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1998 (27 years ago) and falls into the fair category as it is aged but maintained. While it features updated granite countertops, the kitchen cabinets, white appliances, and fluorescent lighting are dated. The bathroom and laundry areas also show original-style fixtures and finishes. It is functional and move-in ready for a tenant, but lacks the comprehensive recent renovations required for a higher score.
The property is currently occupied by a long-term tenant paying $1,450 per month who wishes to stay, offering an investor immediate cash flow and a turnkey rental experience.
Residents have access to a comprehensive suite of amenities including a community pool, fitness center, pet park, playground, and BBQ area, which enhances tenant retention and lifestyle appeal.
The unit features desirable granite countertops and includes all appliances, providing a modern aesthetic and reducing the need for immediate capital expenditures.
At $422 per month, the association fees are relatively high compared to the listing price, which may compress the net cap rate for investors or impact affordability for owner-occupants.
The assigned public schools for this address have low ratings (ranging from 2 to 3), which could limit the property's appeal to families and affect long-term appreciation potential.
2nd Floor unlt wlth 2 bedrooms and 2 bathrooms. Granite countertops. All Appliances lncluded. Master bedroom with Walk-ln closet. Community pool, playground, fitness center, pet park, bbq area. Long Term Tenant paying 1450.00 per month. Month to Month Lease. Tenant would like to renew lease.
No exterior & parking available.
Grades PK-5 • 1.0 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 976 | 1,140 | 26% |
| Lot Size | - | 2,646 | 35% |
| Price | $167.5K | $152.9K | 61% |
| Price per sq ft | $172 | $150 | 65% |
| Built year | 1998 | 1998 | 50% |
| HOA | $422 | $165 | 87% |
| Days on market | 309 | 772 | 26% |
Jun 17, 2025
$167,500
Initial Listing