
Las Vegas, NV 89110
This property presents a High-Potential Investment Opportunity with a List Price of $484,998—positioned above the $468,474 Fair Market Value. Currently operating as a high-yield PadSplit, this 5-bed, 4-bath asset generates over $4,200 in monthly gross rent. Featuring Solar Panels and No HOA restrictions, the property offers significant operational efficiency despite its Fair Condition Rating. This turn-key rental operation is designed for Buy-and-Hold Investors or Passive Income Seekers looking to capitalize on an established, tenant-occupied multi-room leasing model.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4225 Timpani Drive Subject | $484,998* List Price | 5 | 4 | 2,144 | $219 | - |
A 581 River Bed Street Sold | $400,000 | 5 | 3 | 1,890 | $212 | 0.3 mi |
B 4028 Red Pony Court Sold | $384,000 | 3 | 2 | 1,630 | $236 | 0.3 mi |
C 556 Croft Way Sold | $375,000 | 3 | 2 | 1,470 | $255 | 0.7 mi |
D 4224 Estaban Court Active | $469,900 List Price | 3 | 3 | 1,655 | $284 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (37 years old), the property exceeds the 20-year threshold for Fair condition. While the listing describes a 'turn-key' investment with modern solar panels, the age suggests that core systems and interior finishes are likely dated and approaching the end of their functional lifespan, typical of the Fair rating.
Currently operating as a PadSplit with individual room leases, the property generates over $4,200 in monthly gross rent, offering a superior cap rate for investors.
Equipped with solar panels, the home significantly reduces monthly utility overhead, maximizing net operating income for the owner.
The absence of a Homeowners Association provides greater operational flexibility and eliminates monthly dues, further enhancing the property's profitability.
Situated on a modest 4,356 sq ft lot, the property offers minimal outdoor space, which may limit appeal for traditional long-term family tenants.
The multi-tenant PadSplit model requires more intensive property management and oversight compared to a standard single-family residential lease.
Investment opportunity in the Knolls, No HOA. This 5-bed, 4-bath home sits on a 4,356 sq ft lot and is currently functioning as a PadSplit with each bedroom leased individually to tenants. Solar panels help keep operating expenses low, and the sale includes all furniture and appliances with monthly rent that can exceed $4,200/month! Convenient Las Vegas location with easy access to shopping, dining, and major freeways. A great fit for investors looking for a turn-key rental operation. Fully furnished, tenant-occupied, and priced to move.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,144 | - |
| Lot Size | 4,356 | - |
| Price | $485.0K | $474.8K |
| Price per sq ft | $226 | $257 |
| Built year | 1989 | 0 |
| HOA | $0 | $0 |
| Days on market | 8 | 526 |
Jul 14, 2026
$484,998
Initial Listing