4567 South Nellis Boulevard, Las Vegas, NV 89121, Las Vegas, 89121 - 4 bed, 2 bath
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Las Vegas, NV 89121
This property presents a High-Potential Investment Opportunity with a List Price of $370,000—positioned slightly above the $361,750 Fair Market Value. While the home requires cosmetic modernization due to its Condition Rating of 4, the 4-bedroom layout and $0 HOA fees make it a durable Buy-and-Hold Asset. The large, fully fenced backyard with a patio cover adds significant utility for tenants. This is an ideal acquisition for Buy-and-Hold Investors or Rental Portfolio Managers seeking a functional, income-generating property in Las Vegas.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4567 South Nellis Boulevard Subject | $370,000* List Price | 4 | 2 | 1,515 | $239 | - |
A 4165 Grace Street Sold | $465,000 | 4 | 2 | 1,590 | $292 | 0.9 mi |
B 4911 Lana Drive Sold | $305,000 | 4 | 3 | 1,530 | $199 | 0.2 mi |
C 4945 Rita Drive Sold | $300,000 | 4 | 2 | 1,557 | $193 | 0.3 mi |
D 4329 Salamanca Circle Sold | $385,500 | 4 | 2 | 1,627 | $237 | 0.7 mi |
E 4498 McMillan Road Sold | $360,000 List Price | 3 | 3 | 1,611 | 1.0 mi | |
F 4155 Seville Street Sold | $390,000 | 3 | 2 | 1,759 | $222 | 0.9 mi |
G 4606 Powell Avenue Active | $410,000 List Price | 4 | 2 | 1,515 | $271 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the property is functional and maintained but significantly dated. The kitchen features older tile countertops and cabinetry, and the interior retains vintage elements like wood paneling. While move-in ready for a tenant, the age of the home and the 15-30+ year old aesthetic in the kitchen and living areas indicate a need for cosmetic updates and a review of aging systems.
Positioned as a lease-ready property with four bedrooms and durable tile flooring throughout, this home is an ideal turnkey asset for investors looking to expand their rental portfolio.
The property features a $0 association fee, significantly reducing monthly carrying costs and offering owners greater flexibility compared to many other Las Vegas subdivisions.
The large, fully fenced backyard includes a covered patio and a storage shed, providing versatile space for outdoor living and additional utility that adds value to the lot.
Built in 1962, the property may require updates to major systems or cosmetic modernizations to compete with newer inventory and improve overall energy efficiency.
The assigned middle and high schools have low academic ratings (2 and 3), which may limit the property's appeal to families prioritizing high-performing educational districts.
Property Management portfolio Investors Welcome. Lease Property with 4 Bedrooms, 2 Baths, Tile throughout. Ceiling fans. Kitchen with water treatments system, Osmosis system, and refrigerator. Mirror closet doors. Huge back yard with shed, and patio cover. Access to the back yard. Fully fenced. Desert landscape in the back yard. Lawn with sprinkler system in the front yard, and mature tree.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades PK-5 • 0.6 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,515 | - |
| Lot Size | 6,098 | - |
| Price | $370.0K | $474.8K |
| Price per sq ft | $244 | $257 |
| Built year | 1962 | 0 |
| HOA | $0 | $0 |
| Days on market | 29 | 526 |
Jun 23, 2026
$370,000
Initial Listing
Jul 1, 1997
$95,000
Public Record