3823 S Maryland Parkway P1, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
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Las Vegas, NV 89119
This downstairs condo represents a Prime Investment Opportunity with a List Price of $180,000—positioned well below the $313,942 Fair Market Value by 42%. This significant valuation gap provides $133,942 in Instant Equity for buyers ready to execute a Value-Add strategy. While the property holds a Condition Score of 4 and requires a full remodel, its strategic proximity to UNLV ensures high rental demand. Featuring a private backyard patio and mature landscaping, this asset is a high-yield acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3823 S Maryland Parkway P1 Subject | $180,000* List Price | 2 | 2 | 892 | $352 | - |
A 3823 MARYLAND R1 Sold | $200,000 | 2 | 2 | 892 | $224 | 0.0 mi |
B 3823 S Maryland Parkway R1 Sold | $200,000 | 2 | 2 | 892 | $224 | 0.0 mi |
C 1701 E Katie Avenue 32 Sold | $220,000 List Price | 2 | 2 | 970 | 0.6 mi | |
D 1455 E Katie Avenue K14 Active | $203,000 List Price | 2 | 2 | 1,050 | $193 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property is explicitly marketed as needing a remodel. While the kitchen features some past updates like granite countertops, it retains dated fluorescent box lighting, older appliances, and popcorn ceilings. The overall condition is functional but shows significant aesthetic and physical depreciation consistent with a 40-year-old unit that has not had a recent comprehensive renovation.
Centrally located in Las Vegas and in close proximity to UNLV, this property offers high appeal for student housing, faculty, or urban professionals seeking a short commute.
The unit features a desirable downstairs location with a split-bedroom layout for enhanced privacy and a generously sized great room that maximizes the living space.
The inclusion of a backyard patio with views of mature landscaping provides a rare private outdoor retreat not commonly found in standard condominium units.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5945, other record lot size in square feet = 972.
The property is marketed as needing a full remodel, which requires the buyer to have additional liquid capital and the capacity to manage home improvements immediately after closing.
The assigned elementary, middle, and high schools all carry low performance ratings, which may limit the property's long-term appreciation and appeal to family-oriented buyers.
This downstairs condo is ready for new owners to come in and remodel. Located in the center of town and close to UNLV. Nice backyard patio looking at the mature landscaping. Primary bedroom seperate from other room and the great room is a very nice size
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 51% |
| Square foot | 892 | 892 | 50% |
| Lot Size | 5,945 | - | 89% |
| Price | $180.0K | $110.0K | 80% |
| Price per sq ft | $202 | $167 | 70% |
| Built year | 1984 | 1983 | 55% |
| HOA | $179 | $175 | 55% |
| Days on market | 65 | 1510 | 2% |
Feb 16, 2026
$180,000
Initial Listing