333 Pecos Way, Las Vegas, NV 89121, Las Vegas, 89121 - 1 bed, 1 bath
333 Pecos Way
Las Vegas, NV 89121
Property Price
SUMMARY
Analysis of 333 Pecos Way, Las Vegas, NV 89121 is currently available with a list price of $140,000. 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.
Built in 1971, this property is over 50 years old and shows signs of its age. The listing explicitly mentions 'deferred maintenance' and a need for 'TLC' and repairs. While the unit is currently habitable and leased, the age of the structure combined with the lack of mentioned renovations suggests outdated kitchen and bathroom fixtures, flooring, and systems that require modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Rare Parking Amenity
The inclusion of a 2-car garage for a one-bedroom unit at this price point is a significant and rare value-add that distinguishes it from competing properties in the area.
- Immediate Cash Flow
The property is sold with an existing lease in place through April 2026, providing the buyer with guaranteed rental income from the first day of ownership.
- Value-Add Potential
The unit's need for cosmetic TLC and minor upgrades presents an excellent opportunity for an investor to build equity and increase market value through strategic renovations.
CONSRISKS & DEFICIENCIES
- Below-Market Rental Yield
The current lease is locked at a reduced rate of $685 per month until 2026, which may result in a lower-than-average cap rate for the immediate future.
- Deferred Maintenance
The interior is noted to have clutter and requires repairs, indicating that the buyer will need to budget for cleaning and restoration costs once the current lease expires.
About 333 Pecos Way
EXCELLENT INVESTMENT OPPORTUNITY IN A WELL-PLACED COMMUNITY! THIS 1ST-LEVEL UNIT OFFERS 1 BEDROOM, 1 BATH & A RARE 2-CAR GARAGE—A HARD-TO-FIND FEATURE AT THIS PRICE POINT. PROPERTY IS SOLD SUBJECT TO AN EXISTING LEASE THROUGH 4-30-26 AT A REDUCED RENT OF $685 PER MONTH, PROVIDING BUILT-IN INCOME FROM DAY ONE. 24-HOUR NOTICE REQUIRED FOR SHOWINGS. INTERIOR SHOWS SOME CLUTTER & COULD USE A BIT OF TLC, ALLOWING THE PERFECT CHANCE TO ADD PERSONAL TOUCHES OR VALUE-BOOSTING UPGRADES. COMMUNITY LOCATION IS IDEAL WITH EASY ACCESS TO SHOPPING, DINING, ENTERTAINMENT & FREEWAYS!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1971
- Lot Size
- 1,742 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $150 / Month
Neighborhood Insights
Las Vegas Unified Schools
Will Beckley Elementary School
Grades PK-5 • 0.3 mi
Jerome Mack Middle School
Grades 6-8 • 1.0 mi
Chaparral High School
Grades 9-12 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 4% |
| Baths | 1.0 | 2.0 | 3% |
| Square foot | 660 | 1,536 | 2% |
| Lot Size | 1,742 | 2,614 | 33% |
| Price | $140.0K | $265.0K | 19% |
| Price per sq ft | $212 | $180 | 80% |
| Built year | 1971 | 1975 | 26% |
| HOA | $150 | $188 | 29% |
| Days on market | 75 | 374 | 2% |
Pricing History
Listed for Sale
Dec 22, 2025
$140,000
Initial Listing