486 Federman Drive, Las Vegas, NV 89123, Las Vegas, 89123 - 4 bed, 3 bath
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486 Federman Drive
Las Vegas, NV 89123
ACTIVE
CONDITION: POOR
4Beds
3Baths
2,177Sq Ft
6,098Lot Size
Property Price
LIST PRICE$430,000
EST. MARKET VALUE
$435,261
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $430,000—positioned well below the $435,261 Fair Market Value by 1%. This valuation gap offers $5,261 in Instant Equity for buyers willing to execute a renovation plan. While the home has a Condition Rating of 5, the rare 3-car garage and spacious 2,177 sqft layout provide significant upside for forced appreciation. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with immediate equity potential.
Estimated Market Value
$435,261
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 |
|---|---|---|---|---|---|---|
★ 486 Federman Drive Subject | $430,000* List Price | 4 | 3 | 2,177 | $200 | - |
A 855 Pumpkin Seed Court Sold | $485,000 | 4 | 3 | 2,174 | $223 | 0.9 mi |
B 8997 Edgeworth Place Sold | $475,000 | 4 | 3 | 1,942 | $245 | 0.5 mi |
C 9107 Cedeno Street Sold | $549,900 List Price | 3 | 3 | 2,221 | 1.0 mi | |
D 9171 Coral Bisque Street Sold | $434,500 | 3 | 3 | 1,975 | $220 | 0.9 mi |
E 8996 Union Gap Road Sold | $420,000 | 3 | 3 | 1,752 | $240 | 0.6 mi |
F 8644 EMERALD GROVE Way Sold | $450,000 | 3 | 3 | 1,761 | $256 | 0.8 mi |
G 533 Coco Palms Avenue Active | $385,000 List Price | 3 | 3 | 1,777 | $217 | 0.2 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 1995 (31 years old) with no evidence of recent renovations. The listing explicitly states the home 'needs work,' is 'priced accordingly,' and is an 'opportunity for an investor' or someone to 'bring your contractor,' which aligns with the criteria for a property needing rehab and having significant deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Rare 3-Car Garage
The property includes a rare three-car garage for this price range, providing significant added value for storage, workshops, or multiple vehicles.
- High Equity Potential
Priced specifically to account for its condition, this home offers a prime opportunity for investors or homeowners to build substantial sweat equity through renovation.
- Spacious Family Layout
With four bedrooms, three bathrooms, and over 2,100 square feet of living space, the two-story floor plan provides a functional and desirable footprint for modern living.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The property is in need of extensive work and is being sold as a project, which will require a buyer with a contractor and a substantial renovation budget.
- Deferred Maintenance Risk
Given the 1995 build date and the 'needs work' status, major systems such as the roof or HVAC may be nearing the end of their lifespan, potentially leading to high immediate capital expenditures.
About 486 Federman Drive
Here's your shot at serious equity in a prime Las Vegas location. This spacious 2-story home comes with a rare 3-car garage and — but it needs work, and it's priced accordingly. Whether you're an investor looking for your next project or a homeowner who doesn't mind rolling up your sleeves for a home you can make your own, this is the kind of opportunity that doesn't sit on the market long. The 2-story layout offers excellent space and flow potential, and that 3-car garage is a rare find in this price range. Bring your vision and your contractor — this one's got the potential to pay off.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1995
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $40 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,177 | 1,961.945 |
| Lot Size | 6,098 | 6,098 |
| Price | $430.0K | $486.0K |
| Price per sq ft | $198 | $259 |
| Built year | 1995 | 2002 |
| HOA | $40 | $83 |
| Days on market | 22 | 62 |
Pricing History
Listed for Sale
Aug 18, 2026
$430,000
Initial Listing
Sold
Jun 30, 1995
$167,000
Public Record