4696 Sheppard Drive, Las Vegas, NV 89122, Las Vegas, 89122 - 2 bed, 1 bath
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Las Vegas, NV 89122
This property presents a High-Potential Investment Opportunity with a List Price of $275,000—positioned well below the $274,153 Fair Market Value by approximately 0%. While the home carries a Fair Condition Rating due to its 1962 vintage, the 6,098 sqft lot and $0 HOA fees provide a stable foundation for long-term rental performance. With a tenant secured through January 2027, this asset offers immediate, guaranteed cash flow. This is a strategic acquisition ideal for Buy-and-Hold Investors or Rental Portfolio Managers seeking a low-overhead, income-producing residential asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4696 Sheppard Drive Subject | $275,000* List Price | 2 | 1 | 800 | $343 | - |
A 5054 Brownwood Avenue Sold | $323,000 | 2 | 2 | 1,014 | $319 | 0.7 mi |
B 4778 Beadle Street Pending | $329,000 List Price | 3 | 2 | 1,092 | $301 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1962 (62 years old) and the listing provides no evidence of recent renovations to the kitchen, bathroom, or major systems (HVAC/Electric). Based on the age exceeding 30 years without documented updates, the home is considered significantly dated and likely requires a full rehab to meet modern standards, despite its current status as an occupied rental.
The property is sold with a tenant in place on a long-term lease until January 2027, providing the buyer with guaranteed, immediate cash flow and zero vacancy risk upon acquisition.
With an association fee of $0, this property offers lower monthly carrying costs and avoids the restrictive regulations often found in Las Vegas managed communities, maximizing net ROI.
The 6,098 square foot lot is generous for an 800 square foot residence, offering significant outdoor space and potential for future expansion or the addition of an accessory dwelling unit (ADU).
Because the home must be sold with the tenant in place through 2027, it is effectively restricted to investors, excluding traditional owner-occupant buyers who need a primary residence.
The 800 square foot interior and single-bathroom configuration may limit the property's long-term appreciation potential compared to larger, more versatile family homes in the area.
Wonderful rental property! Home is always occupied; current tenant is on a lease until 1/31/2027. Home is being sold with tenant in place. This is a lovely home, with 2 bedrooms and 1 bath, a large yard and wash and dryer hook ups. Buyer, buyer's agent to verify all information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 800 | - |
| Lot Size | 6,098 | - |
| Price | $275.0K | $474.8K |
| Price per sq ft | $344 | $257 |
| Built year | 1962 | 0 |
| HOA | $0 | $0 |
| Days on market | 13 | 526 |
Jul 9, 2026
$275,000
Initial Listing