4385 Welter Avenue, Las Vegas, NV 89104, Las Vegas, 89104 - 7 bed, 4 bath
Loading property details...
Las Vegas, NV 89104
This High-Potential Investment Opportunity is listed at $534,998, positioned slightly above the $508,904 Fair Market Value. As a turnkey 7-bed, 4-bath Buy-and-Hold Investor asset, the property currently operates as a high-yield PadSplit rental generating over $5,300 in monthly gross rent. Featuring a Condition Rating of 3, solar panels, and a massive 10,019 sq ft lot, it offers significant value-add potential. This is an ideal acquisition for income-focused investors seeking immediate cash flow in a central, no-HOA location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4385 Welter Avenue Subject | $534,998* List Price | 7 | 4 | 2,588 | $197 | - |
A 4815 E Idaho Avenue Sold | $499,000 | 5 | 4 | 2,328 | $214 | 0.7 mi |
B 4510 E Cleveland Avenue Active | $490,000 List Price | 6 | 2 | 2,079 | $236 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2001 (25 years old), the property is described as turnkey with an updated kitchen and solar panels. It is well-maintained and functional for immediate rental use, aligning with the 5-15 year renovation criteria for move-in ready condition.
Operating as a 7-bedroom PadSplit rental, the property generates a substantial gross rent exceeding $5,300 per month, offering an exceptional turnkey opportunity for cash-flow-focused investors.
The inclusion of solar panels significantly offsets utility costs for a large-scale rental, while the absence of an HOA eliminates monthly fees and restrictive rental regulations.
The oversized 10,019 sq ft lot is rare for the area and provides significant room for value-add improvements, outdoor amenities, or potential future expansion.
The room-by-room rental model requires more hands-on management, higher tenant turnover, and increased administrative oversight compared to traditional single-family leases.
The property is served by schools with low ratings (mostly 2s and 3s), which may limit long-term appreciation and appeal to traditional family-oriented buyers or renters.
Turnkey 7-bed, 4-bath investment property in Vegas Manor, No HOA. Built in 2001 on a huge 10,019 sq ft lot. Currently operating as a PadSplit rental property with each bedroom leased separately, generating strong cash flow from day one. Gross Rent can exceed $5,300/month! Solar panels keep utility costs down, and all furniture and appliances convey, so you can step in and start collecting rent right away. Spacious open floor plan, updated kitchen with center island and large pantry, big great room, and mature landscaping on an oversized lot with room to add value. Central Las Vegas location close to shopping, dining, and freeway access. Ideal for an investor seeking immediate income. This combination of size, lot, and existing rental setup is rare.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 0.7 mi
Grades PK-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,588 | - |
| Lot Size | 10,019 | - |
| Price | $535.0K | $474.8K |
| Price per sq ft | $207 | $257 |
| Built year | 2001 | 0 |
| HOA | $0 | $0 |
| Days on market | 6 | 526 |
Jul 16, 2026
$534,998
Initial Listing