4619 Garden Place, Las Vegas, NV 89107, Las Vegas, 89107 - 4 bed, 2 bath
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Las Vegas, NV 89107
This Multi-Unit Income Asset is listed at $499,000, offering a stabilized income opportunity near the $448,915 Fair Market Value. The property generates a robust $3,600 Monthly Revenue through a 4-bedroom main house and two detached studios. Maintaining a Condition Rating of 3, the asset features Luxury Vinyl Plank Flooring and recent mechanical updates. Located near Hyde Park Middle School and Clark High School, the location ensures consistent tenant demand. With No HOA Fees, this professionally managed property is ideal for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4619 Garden Place Subject | $499,000* List Price | 4 | 2 | 1,383 | $325 | - |
A 4213 Evergreen Place Sold | $400,000 | 4 | 2 | 1,559 | $257 | 0.4 mi |
B 700 Easy Street Sold | $377,000 | 3 | 2 | 1,204 | $313 | 0.5 mi |
C 312 Estella Avenue Sold | $369,000 | 3 | 2 | 1,450 | $254 | 0.8 mi |
D 4504 Nolan Lane Sold | $350,000 | 3 | 2 | 1,297 | $270 | 0.3 mi |
E 4700 Fulton Place Sold | $392,950 | 4 | 2 | 1,551 | $253 | 0.0 mi |
F 309 Estella Avenue Sold | $390,000 | 4 | 2 | 1,450 | $269 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1955, the property has been recently updated and is in move-in ready condition. The interior features new luxury vinyl plank flooring, fresh neutral paint, and updated bathroom vanities and fixtures. The listing also notes a new water heater and that the home has been 'finished throughout.' While some dated elements like popcorn ceilings remain, the overall quality and maintenance level meet the 'good' criteria for an income-producing property.
The property offers a robust cash-flow opportunity with three separate rental units (a 4-bedroom main house and two studios) generating a combined monthly revenue of $3,600.
The asset is already under professional management and features recent updates, including a new water heater and refreshed interior finishes, ensuring a smoother transition for investors.
The absence of a homeowners association eliminates monthly dues and restrictive covenants, maximizing the net operating income and providing greater flexibility for the owner.
The 'drive-by only' restriction and requirement of a serious offer prior to interior access complicate the due diligence process and may deter buyers who prefer a full inspection before committing.
Originally constructed in 1955, the property may possess aging infrastructure or utility systems that could necessitate higher long-term maintenance costs compared to newer builds.
INVESTORS! You don't want to miss this cashflow opportunity!! This property consists of 3 units. One unit is the main house which has 4 bedrooms, 2 bathrooms which is rented for $1800. Behind the main house are two studios. Studio A is rented at $800 and studio B at $1000. This property is under professional property management and has been recently updated with a new water heater and finished throughout the house. Tenant occupied so please view driving by ONLY. Do not disturb the tenants!! Appointments for showings can be made upon serious offers.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,383 | 1,646.5 | 34% |
| Lot Size | 6,970 | 6,534 | 59% |
| Price | $499.0K | $359.9K | 93% |
| Price per sq ft | $361 | $224 | 99% |
| Built year | 1955 | 1963 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 84 | 287 | 4% |
Jan 28, 2026
$499,000
Initial Listing