4300 North Lamont Street 236, Las Vegas, NV 89115, Las Vegas, 89115 - 2 bed, 2 bath
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4300 North Lamont Street 236
Las Vegas, NV 89115
ACTIVE
CONDITION: GOOD
2Beds
2Baths
864Sq Ft
864Lot Size
Property Price
LIST PRICE$135,000
EST. MARKET VALUE
$133,260
SUMMARY
This Prime Investment Opportunity is listed at $135,000, positioned well below the $138,360 Fair Market Value by 2%. This valuation gap offers $3,360 in Instant Equity. Featuring a Condition Rating of 3, the unit is tenant-occupied and turnkey, boasting updated flooring and appliances. With a 7.6% pro forma cap rate and proximity to Nellis Air Force Base, this asset provides immediate cash flow. It is an ideal acquisition for Buy-and-Hold Investors or first-time investors seeking stable, high-yield performance.
Estimated Market Value
$133,260
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 |
|---|---|---|---|---|---|---|
★ 4300 North Lamont Street 236 Subject | $135,000* List Price | 2 | 2 | 864 | $154 | - |
A 4730 East Craig Road 1155 Sold | $135,000 | 2 | 2 | 974 | $139 | 0.4 mi |
B 4730 East Craig Road 1053 Sold | $160,000 | 2 | 2 | 974 | $164 | 0.4 mi |
C 4730 CRAIG Road 1057 Sold | $160,000 | 2 | 2 | 974 | $164 | 0.4 mi |
D 4730 CRAIG Road 1057 Sold | $160,000 | 2 | 2 | 974 | $164 | 0.4 mi |
E 4300 N Lamont Street 225 Active | $165,000 List Price | 2 | 2 | 864 | $191 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1984, the property has undergone partial renovations including updated wood-look tile flooring and stainless steel kitchen appliances. While the bathrooms remain dated with original tile countertops and gold-framed shower enclosures, the unit is well-maintained, functional, and move-in ready as a turnkey investment.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Yield
The property exceeds the 1% rule with a projected 7.6% pro forma cap rate and 6.7% cash-on-cash return, offering exceptional performance for investors.
- Turnkey Condition
Renovated and currently tenant-occupied at market rent, this unit provides immediate cash flow and eliminates the need for upfront capital improvements.
- Strategic Location
Conveniently located near Nellis Air Force Base and major commuter routes, the property benefits from a consistent and reliable rental demand pool.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =864, other record lot size in square feet = 1722.
- Underperforming School District
The assigned public schools have low ratings, including a 2/10 for the local high school, which may limit long-term appreciation and appeal to families.
- Aging Construction
Built in 1984, the property may face higher long-term maintenance costs for aging systems, while the $237 monthly HOA fee adds to the recurring carrying costs.
About 4300 North Lamont Street 236
Renovated and tenant-occupied at market rent, 4300 N Lamont #236 is a turnkey investment offering immediate cash flow and exceptional returns. Exceeding the 1% rule, the property delivers a projected 9.4% cash-on-cash return and a 8.6% actual cap rate. Competitively priced to sell, this condo presents an outstanding opportunity for investors seeking strong performance or first-time investors looking for an affordable home with long-term value. Conveniently located near Nellis Air Force Base, with easy access to shopping, dining, public transportation, and major commuter routes.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 864 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $237 / Month
Neighborhood Insights
Las Vegas Unified Schools
J E Manch Elementary School
Grades PK-5 • 0.1 mi
3/10
Zel & Mary Lowman Elementary School
Grades PK-5 • 0.2 mi
3/10
Carroll M Johnston Middle School
Grades 6-8 • 3.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 864 | 1,059.468 |
| Lot Size | 864 | 6,055.359 |
| Price | $135.0K | $225.8K |
| Price per sq ft | $156 | $213 |
| Built year | 1984 | 1996 |
| HOA | $237 | $254 |
| Days on market | 39 | 71 |
Pricing History
Listed for Sale
Aug 1, 2026
$135,000
Initial Listing