
Las Vegas, NV 89121
This Income-Producing Residential Asset is listed at $425,000, offering a secure acquisition at its $425,000 Fair Market Value with $0 in Instant Equity. The property’s primary strength lies in its rare 10,890 SF Quarter-Acre Lot, Private Patio, and Condition Rating of 4, providing a functional foundation with significant room for forced appreciation through modernization. The absence of HOA Restrictions combined with a Long-Term Tenant makes this a turnkey addition to any portfolio. Located near the Rating 5 Ferron Elementary School, it is a strategic choice for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4300 Don Quixote Street Subject | $449,000* List Price | 4 | 3 | 1,878 | $232 | - |
A 4329 Salamanca Circle Sold | $385,500 | 4 | 2 | 1,627 | $237 | 0.4 mi |
B 4165 Grace Street Sold | $465,000 | 4 | 2 | 1,590 | $292 | 0.5 mi |
C 4518 El Canela Way Sold | $348,500 | 3 | 2 | 1,620 | $215 | 0.4 mi |
D 4518 EL CANELA Way Sold | $348,500 | 3 | 2 | 1,620 | $215 | 0.4 mi |
E 4155 Seville Street Sold | $390,000 | 3 | 2 | 1,759 | $222 | 0.5 mi |
F 4194 Gibraltar Street Sold | $399,999 List Price | 3 | 2 | 1,722 | 0.3 mi | |
G 4606 Powell Avenue Active | $410,000 List Price | 4 | 2 | 1,515 | $271 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this property is a functional long-term rental that appears to have been maintained but not recently renovated. The exterior shows dated architectural styles and basic desert landscaping. Given the age of the home and the lack of mention regarding interior upgrades, the kitchen, bathrooms, and major systems are likely aged and show signs of being outdated, though they remain functional for the current tenant.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1878.
The rare 10,890 square foot quarter-acre lot provides significant outdoor space for animals, a pool, or custom landscaping, which is a premium feature in the Las Vegas market.
The absence of a Homeowners Association offers owners greater freedom from restrictive rules and eliminates monthly association dues, enhancing the property's long-term affordability.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1971, the home may require modernization or updates to its major systems and interior finishes to meet contemporary standards and efficiency.
The presence of a long-term tenant and the 'do not disturb' requirement may limit initial access for inspections and delay immediate possession for owner-occupant buyers.
Wow! Fantastic opportunity for those seeking a rare 10,800 sf lot (quarter acre), with plenty of room for animals to roam or your future pool oasis. Four bedroom 2 1/2 bath two-story home has a great layout which makes for a perfect rental (tenant included) or move in at lease end. Long-term tenant in place, no HOA, and conveniently located near shopping, dining, and entertainment. Please do not disturb tenant.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades PK-5 • 0.5 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 56% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 1,878 | 1,781 | 58% |
| Lot Size | 10,890 | 7,405 | 85% |
| Price | $449.0K | $382.5K | 76% |
| Price per sq ft | $239 | $208 | 69% |
| Built year | 1971 | 1972 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 414 | 495 | 49% |
Apr 5, 2026
$449,000
$425,000
+6% Price Increase
Initial Listing
Mar 5, 2025
$425,000
Initial Listing