4300 North Lamont Street 209, Las Vegas, NV 89115, Las Vegas, 89115 - 1 bed, 1 bath
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Las Vegas, NV 89115
This High-Potential Investment Opportunity is a 1-bedroom Condominium listed at $125,000, positioned slightly above the $118,210 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, it offers immediate rental income as a tenant-occupied asset. Its proximity to Nellis Air Force Base ensures consistent demand, though investors should account for the $350 monthly HOA fee. This property is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a stable rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4300 North Lamont Street 209 Subject | $125,000* List Price | 1 | 1 | 640 | $185 | - |
A 4300 N Lamont Street 243 Active | $144,000 List Price | 2 | 2 | 864 | $167 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this 40-year-old property is dated, featuring original 1980s-style wood cabinetry and popcorn ceilings. While functional and currently tenant-occupied, the interior finishes and appliances are past their typical design lifecycle and require modernization.
The property's close proximity to Nellis Air Force Base ensures a consistent and reliable pool of potential tenants, making it an excellent choice for long-term rental stability.
As a tenant-occupied unit, this property offers investors immediate rental income from day one, eliminating the initial vacancy period and marketing costs typically associated with new acquisitions.
Being situated within a gated community provides an added layer of security and privacy, which is a highly desirable feature for residents in the Las Vegas area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6562, other record lot size in square feet = 1722.
The $350 monthly association fee is relatively high for a property at this price point, which may compress net yields for investors and increase monthly carrying costs.
At 640 square feet, the unit offers limited living and storage space, which may restrict its appeal to a smaller demographic of potential occupants.
Charming 1-bedroom, 1-bath upstairs condo located in a gated community. Conveniently located near schools, shopping, and Nellis Air Force Base. Property is tenant-occupied; please do not disturb tenants.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades PK-5 • 0.2 mi
Grades 6-8 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 640 | - |
| Lot Size | 6,562 | - |
| Price | $125.0K | $217.2K |
| Price per sq ft | $195 | $219 |
| Built year | 1984 | 0 |
| HOA | $350 | $0 |
| Days on market | 28 | 828 |
Jun 24, 2026
$125,000
Initial Listing