4037 Pelham Court, Las Vegas, NV 89110, Las Vegas, 89110 - 3 bed, 2 bath
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4037 Pelham Court
Las Vegas, NV 89110
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,151Sq Ft
3,485Lot Size
Property Price
LIST PRICE$319,999
EST. MARKET VALUE
$305,744
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $319,999—positioned well below the $305,744 Fair Market Value by -4%. Featuring a 1983 build with a Condition Rating of 5, this asset requires strategic renovation to reach market standards. The property offers a stable Buy-and-Hold foundation with a long-term tenant and No HOA fees. This is a clear value-add acquisition ideal for Buy-and-Hold Investors or Value-Add Real Estate Developers seeking to optimize rental yields in a high-demand, single-story market.
Estimated Market Value
$305,744
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4037 Pelham Court Subject | $319,999* List Price | 3 | 2 | 1,151 | $266 | - |
A 4480 Bingham Avenue Sold | $305,000 | 3 | 2 | 1,378 | $221 | 0.8 mi |
B 4517 Queen Angel Court Sold | $299,900 List Price | 3 | 2 | 1,198 | 0.7 mi | |
C 4137 Pierce Way Sold | $320,000 | 2 | 2 | 1,222 | $262 | 0.7 mi |
D 4036 E Ogden Avenue Pending | $345,000 List Price | 3 | 2 | 1,151 | $300 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1983 (41 years old) with no evidence of recent renovations. The bathroom features dated 4x4 tile and original-style fixtures, while the exterior shows signs of deferred maintenance. The listing description's emphasis on 'future potential' and a long-term tenant typically indicates a property that requires significant rehab to reach market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Potential
The property is a prime 'buy and hold' opportunity with a long-term tenant already in place and professional management, including an incentive of two months of free management services.
- No HOA Fees
The absence of a Homeowners Association eliminates monthly dues and restrictive regulations, enhancing the property's cash flow and owner autonomy.
- Desirable Single-Story Layout
The one-story floor plan with a two-car garage is highly sought after in the Las Vegas market, ensuring broad appeal for future resale or rental demand.
CONSRISKS & DEFICIENCIES
- Restricted Access
Strict 'do not disturb' instructions and tenant occupancy limit immediate physical inspections, which may complicate the due diligence process for traditional buyers.
- Below-Market Revenue
Current rental income is below market value, and with nearly a year remaining on the lease, the ability to optimize cash flow is delayed.
About 4037 Pelham Court
DO NOT APPROACH HOME, DO NOT KNOCK ON THE DOOR, TRANSPASERS WILL BE PROCECUTED ! 1 Story 3 bedrooms, 2 car garage, NO HOA, currently occupied with a long time tenant, current rent is below market, Selling with nearly 1 year since last lease renewal, Endless future potential, Professionally managed by Licensed Manager for many years, we are offering 2 month of free property management on a 1 year contract, this is a rare opportunity to buy & hold as an investment property!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 3,485 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
William K. Moore Elementary School
Grades PK-5 • 0.3 mi
3/10
Dell H Robison Middle School
Grades 6-8 • 1.3 mi
3/10
Jerome Mack Middle School
Grades 6-8 • 1.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,151 | 1,961.945 |
| Lot Size | 3,485 | 6,098 |
| Price | $320.0K | $486.0K |
| Price per sq ft | $278 | $259 |
| Built year | 1983 | 2002 |
| HOA | $0 | $83 |
| Days on market | 34 | 62 |
Pricing History
Listed for Sale
Aug 6, 2026
$319,999
Initial Listing
Sold
Oct 12, 2001
$107,000
Public Record