4905 MORNING FALLS Avenue, Las Vegas, NV 89131, Las Vegas, 89131 - 3 bed, 3 bath
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Las Vegas, NV 89131
This Turnkey Rental Asset is listed at $475,000, representing a stable entry point near its $466,999 Fair Market Value. Situated in the secure Lynbrook Gated Community, the residence maintains a Condition Rating of 4 with functional, original finishes. The property is currently occupied by a long-term tenant, providing immediate ROI and a proven income stream. Its location just 0.28 miles from a Top-Rated Elementary School (8/10) ensures consistent rental demand and long-term value retention. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers looking for a low-maintenance addition to their portfolio.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4905 MORNING FALLS Avenue Subject | $475,000* List Price | 3 | 3 | 2,453 | $190 | - |
A 4932 Cascade Pools Avenue Sold | $440,000 | 5 | 3 | 2,578 | $171 | 0.1 mi |
B 5033 Ropers Rock Court Sold | $430,000 | 3 | 3 | 2,322 | $185 | 0.4 mi |
C 8011 Maple Park Street Sold | $450,000 | 3 | 3 | 2,183 | $206 | 0.4 mi |
D 5047 Naff Ridge Drive Sold | $380,000 | 3 | 3 | 2,024 | $188 | 0.2 mi |
E 8011 Maple Park Street Sold | $450,000 | 3 | 3 | 2,183 | $206 | 0.4 mi |
F 5001 Pounding Surf Avenue Sold | $499,000 List Price | 5 | 4 | 2,561 | 0.3 mi | |
G 5001 Hadley Meadow Court Active | $499,999 List Price | 3 | 3 | 2,492 | $201 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2002 and appears to retain its original builder-grade finishes from that era. Visual evidence from the bathroom shows dated oak cabinetry, standard white tile surrounds, and laminate or basic solid-surface countertops. While the home is functional and currently occupied by a tenant, it has not undergone significant modern renovations in the last 15-20 years, making the style and fixtures outdated by current market standards.
The property is currently occupied by a long-term tenant, offering a turnkey opportunity for investors to secure immediate cash flow and a proven rental history.
Located within the desirable Lynbrook gated community, the home provides enhanced security, privacy, and a well-maintained neighborhood environment.
The residence is situated just 0.28 miles from a highly-rated elementary school (8/10), making it an attractive location for families and supporting long-term property value.
With a lot size of 4,356 square feet for a 2,453 square foot home, the backyard space is relatively small, which may be a drawback for buyers seeking significant outdoor living areas.
The presence of a long-term tenant may limit the property's appeal to owner-occupants who require immediate possession or wish to perform renovations prior to moving in.
Great for investors This Highly sought after property in the gated community of Lynnbrook, is very well priced and is ideally situated with easy access to a variety of shopping options and an array of dining venues, making it perfect for both residents and tenants alike. Currently occupied by a long-term tenant, this home this home has great income and appreciation potential!
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,453 | 2,257 | 59% |
| Lot Size | 4,356 | 6,970 | 21% |
| Price | $475.0K | $406.0K | 66% |
| Price per sq ft | $194 | $203 | 46% |
| Built year | 2002 | 2003 | 46% |
| HOA | $90 | $60 | 82% |
| Days on market | 172 | 1000 | 16% |
Nov 1, 2025
$475,000
Initial Listing