4870 East Colorado Avenue, Las Vegas, NV 89104, Las Vegas, 89104 - 3 bed, 4 bath
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4870 East Colorado Avenue
Las Vegas, NV 89104
ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
1,488Sq Ft
10,454Lot Size
Property Price
LIST PRICE$434,999
EST. MARKET VALUE
$432,320
SUMMARY
This Versatile Multi-Unit Property is a High-Potential Investment Opportunity, listed at $434,999—positioned well below the $432,320 Fair Market Value (Note: Market is stable/fairly priced). Featuring a separate guest studio and converted garage, the home offers significant income-generating potential. With an updated kitchen, tile flooring, and a Condition Rating of 2, the property is move-in ready. Situated on a 1/4-acre lot with no HOA, it provides rare flexibility for RV/boat storage. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking flexible living arrangements.
Estimated Market Value
$432,320
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 |
|---|---|---|---|---|---|---|
★ 4870 East Colorado Avenue Subject | $434,999* List Price | 3 | 4 | 1,488 | $291 | - |
A 4915 Nevada Avenue Sold | $520,000 | 3 | 2 | 1,488 | $349 | 0.1 mi |
B 4890 Idaho Avenue Sold | $400,000 | 3 | 2 | 1,408 | $284 | 0.2 mi |
C 4939 E Colorado Avenue Sold | $370,000 | 3 | 2 | 1,164 | $318 | 0.1 mi |
D 4540 East Philadelphia Avenue Active | $459,900 List Price | 3 | 2 | 1,651 | $279 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1978, the property has undergone a comprehensive modern renovation within the last 5 years. It features a fully updated kitchen with white shaker cabinets and quartz countertops, new large-format tile flooring throughout, updated bathrooms with contemporary tile work, and modern fixtures, making it move-in ready with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 1488.
- Multi-Generational & Income Potential
The property features a separate guest studio and a converted garage, offering exceptional versatility for rental income, a home office, or multi-generational living.
- Modernized Interior Finishes
The home boasts a contemporary updated kitchen with white shaker cabinets, quartz countertops, and stainless steel appliances, complemented by durable tile flooring throughout.
CONSRISKS & DEFICIENCIES
- Lower School Ratings
The assigned public schools for this area currently hold lower performance ratings, which may be a significant consideration for families prioritizing education.
- Property Age
Built in 1978, the home may require more frequent maintenance or updates to its original structural and mechanical systems compared to newer constructions.
About 4870 East Colorado Avenue
Unique property with a separate guest studio plus a converted garage offering potential for an additional studio or flexible living space! Situated on an almost 1/4-acre lot with NO HOA, this single-story home offers 4 bathrooms total, an updated kitchen with white shaker cabinets, quartz countertops, subway tile backsplash and stainless steel appliances. Tile flooring, updated fixtures, gated RV/boat parking and detached storage shed/workshop. Tons of space, versatility and potential, MOTIVATED SELLER!*— a must-see!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 10,454 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
William E Snyder Elementary School
Grades PK-5 • 0.7 mi
5/10
Cyril Wengert Elementary School
Grades PK-5 • 0.8 mi
6/10
Richard J Rundle Elementary School
Grades PK-5 • 1.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 1,488 | 1,961.945 |
| Lot Size | 10,454 | 6,098 |
| Price | $435.0K | $486.0K |
| Price per sq ft | $292 | $259 |
| Built year | 1978 | 2002 |
| HOA | $0 | $83 |
| Days on market | 6 | 62 |
Pricing History
Listed for Sale
Sep 3, 2026
$434,999
Initial Listing