3508 N Tenaya Way, Las Vegas, NV 89129, Las Vegas, 89129 - 5 bed, 4 bath
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Las Vegas, NV 89129
This High-Utility Multi-Generational Residence is listed at $625,000, offering a stable acquisition near its $589,020 Fair Market Value. The property provides unique income-producing potential through two brand-new backyard studios and a downstairs primary suite with a private entrance and kitchenette. Holding a Fair Condition Rating, the residence is bolstered by 2020 HVAC updates and a spacious 1/4 acre lot with RV parking and no HOA. This is an ideal match for Multi-generational Families or House-Hacking Investors seeking a versatile, high-utility asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3508 N Tenaya Way Subject | $625,000* List Price | 5 | 4 | 3,501 | $168 | - |
A 3352 Moon River Street Sold | $555,000 | 4 | 3 | 2,742 | $202 | 0.8 mi |
B 4005 Coriander Lane Sold | $500,000 | 3 | 3 | 2,188 | $229 | 0.8 mi |
C 3600 Depew Circle Sold | $507,000 | 3 | 3 | 2,240 | $226 | 0.1 mi |
D 3600 Depew Circle Sold | $507,000 | 3 | 3 | 2,240 | $226 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1989, falls into the 'fair' category as the main residence maintains many original or older features that show signs of age. While the HVAC systems were updated in 2020 and the backyard features two brand-new studio units with modern luxury vinyl plank flooring, the main house interior—specifically the carpeting and ceramic tile flooring—appears dated and shows visible wear. The kitchen and living areas are functional and well-maintained but lack a comprehensive modern renovation to meet 'good' or 'excellent' standards. The property is move-in ready but would require cosmetic updates to align with current design trends.
The property features two brand new backyard studio units and a downstairs primary suite with its own kitchenette and private entrance, offering exceptional opportunities for rental income or multi-generational living.
Situated on a generous 1/4 acre lot with RV parking and no HOA fees, this home provides rare flexibility for outdoor customization and storage without the restrictions of an association.
Major systems have been modernized with HVAC units replaced in 2020, significantly reducing the immediate risk of high-cost maintenance for the buyer.
Because the primary suite and studio units are currently occupied by tenants, these key areas may not be available for inspection until the due diligence period after a contract is accepted.
The property is currently partially rented on a month-to-month basis, which may require the buyer to manage lease terminations or tenant transitions if they do not intend to keep the property as an investment.
Amazing home featuring 5 bedrooms, plus a den and loft on a large 1/4 acre lot with RV parking. There are two brand new studio unit's in the backyard, each with a bathroom, kitchenette, full size refrigerator, luxury vinyl plank flooring and more! The primary suite is conveniently located downstairs with a kitchenette and outside access. The gourmet kitchen can be extended or enlarged as there is an additional space attached which can be used as an extra dining area or an office. HVAC units were replaced in 2020. The oversized backyard has plenty of room for a pool. Please note that the primary bedroom and 2 outside studio units are currently being rented out on a month to month basis, so these areas may not be able to be seen and would be subject to viewing during the due diligence period once a contract is accepted. The property is minutes from Summerlin, parks, shopping and fine dining. Mortgage savings may be available for buyers of this listing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 88% |
| Baths | 4.0 | 3.0 | 85% |
| Square foot | 3,501 | 2,062 | 87% |
| Lot Size | 10,890 | 5,227 | 82% |
| Price | $625.0K | $390.0K | 85% |
| Price per sq ft | $179 | $209 | 41% |
| Built year | 1989 | 1999 | 4% |
| HOA | $0 | $24 | 48% |
| Days on market | 19 | 790 | 0% |
Apr 3, 2026
$625,000
Initial Listing