4338 Caliente Street 5, Las Vegas, NV 89119, Las Vegas, 89119 - 3 bed, 2 bath
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4338 Caliente Street 5
Las Vegas, NV 89119
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,220Sq Ft
9,239Lot Size
Property Price
LIST PRICE$199,900
EST. MARKET VALUE
$199,900
SUMMARY
This Value-Add Townhouse Asset represents a Strong Value Opportunity with a List Price of $195,000—positioned well below the $210,435 Fair Market Value by 7%. This pricing provides $15,435 in Instant Equity for buyers prepared to address the Poor Condition Rating and deferred maintenance. Featuring a rare 2-car garage, private courtyard, and a low $95 HOA fee, the property offers significant ROI potential through strategic renovation. It is a high-yield acquisition perfectly suited for Fix-and-Flip Investors or Buy-and-Hold Investors targeting the Las Vegas rental market.
Estimated Market Value
$199,900
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 |
|---|---|---|---|---|---|---|
★ 4338 Caliente Street 5 Subject | $199,900* List Price | 3 | 2 | 1,220 | $164 | - |
A 4375 SPENCER Street Active | $250,000 List Price | 3 | 2 | 1,220 | $205 | 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 1978, this property is explicitly described as needing 'TLC' and having 'deferred maintenance' that requires 'immediate capital investment.' The provided interior image shows significantly worn and stained tile flooring, outdated wall colors, and basic fixtures. Given the age of the home and the listing's own assessment of required renovations and substantial repairs needed to address the deferred maintenance, it meets the criteria for poor condition.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value
Priced competitively at $195,000 for a 3-bedroom unit, this property represents a strong entry-level opportunity for first-time buyers or investors looking for high rental potential.
- Rare Parking & Private Space
The inclusion of a private 2-car garage and a courtyard is a significant advantage for a townhouse, offering security and outdoor living space not typically found at this price point.
- Low-Cost Community Amenities
With a modest $95 monthly HOA fee, residents enjoy access to mature landscaping, tennis courts, and a community pool, providing high lifestyle value with low overhead.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9239, other record lot size in square feet = 2756.
- Required Renovations
The property is noted as needing 'TLC,' indicating deferred maintenance that will require immediate capital investment for repairs and modernization.
- Underperforming School District
The assigned public schools carry low ratings (2-3 out of 10), which may impact long-term resale value and appeal to families with school-aged children.
About 4338 Caliente Street 5
3-Bedroom unit priced to sell with courtyard and 2-car garage. Community features tennis courts and pool and mature landscaping. Property needs TLC.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1978
- Lot Size
- 9,239 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $95 / Month
Neighborhood Insights
Las Vegas Unified Schools
Paradise Elementary School
Grades PK-5 • 0.8 mi
3/10
William E Orr Middle School
Grades 6-8 • 0.7 mi
3/10
Del Sol High School
Grades 9-12 • 2.5 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,220 | 1,414.01 |
| Lot Size | 9,239 | 2,178 |
| Price | $199.9K | $333.8K |
| Price per sq ft | $164 | $236 |
| Built year | 1978 | 1997 |
| HOA | $95 | $202 |
| Days on market | 190 | 70 |
Pricing History
Listed for Sale
Sep 2, 2026
$199,900
$170,000
+18% Price Increase
Initial Listing
Price Change
Apr 3, 2026
$170,000
$195,000
-13% Price Drop
Initial Listing
Price Change
Mar 3, 2026
$195,000
Initial Listing