4941 Newport Cove Drive B, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
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Las Vegas, NV 89119
This Strategic Value-Add Condominium presents a Prime Investment Opportunity with a List Price of $224,900—positioned well below the $358,581 Fair Market Value by 37%. This significant valuation gap offers $133,681 in Instant Equity for buyers. Currently in Fair Condition, the unit features Modern Vinyl Flooring but requires cosmetic updates to original fixtures and ceilings. Located minutes from the Las Vegas Strip and UNLV, the property benefits from high rental demand and proximity to Jack Dailey Elementary. This high-equity asset is ideal for Buy-and-Hold Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4941 Newport Cove Drive B Subject | $224,900* List Price | 2 | 2 | 992 | $361 | - |
A 1751 E Reno Avenue 128 Sold | $188,485 | 2 | 2 | 1,164 | $162 | 0.2 mi |
B 5040 Spencer Street D Sold | $220,000 | 2 | 2 | 1,000 | $220 | 0.0 mi |
C 5040 Spencer Street D Sold | $220,000 | 2 | 2 | 1,000 | $220 | 0.0 mi |
D 1729 Jupiter Court B Sold | $170,000 | 2 | 2 | 980 | $173 | 0.7 mi |
E 1751 E Reno Avenue 128 Sold | $188,485 | 2 | 2 | 1,164 | $162 | 0.2 mi |
F 1751 E Reno Avenue 217 Sold | $199,500 | 2 | 2 | 1,164 | $171 | 0.1 mi |
G 5054 Spencer Street B Active | $220,000 List Price | 2 | 2 | 1,000 | $220 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1981, falls into the 'fair' category as it shows a mix of minor updates and aged features. While the flooring has been updated to modern vinyl plank throughout, the interior retains dated popcorn ceilings and shows visible scuffs and marks on the walls that require fresh paint. The kitchen and bathrooms appear functional but reflect the original construction era without evidence of a full modern renovation. It is a well-maintained but aged unit that requires minor cosmetic updates to meet current quality standards.
Situated just minutes from the Las Vegas Strip and UNLV, this property offers exceptional convenience for commuters, students, and hospitality professionals.
The unit features durable vinyl flooring throughout and an open-concept layout, providing a modern aesthetic that is easy to clean and maintain.
The primary bedroom includes additional square footage for a sitting area or workspace, a rare find in a compact two-bedroom condominium.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2263, other record lot size in square feet = 1064.
Built in 1981, the unit and community infrastructure may require more frequent maintenance or future capital improvements compared to newer builds.
The property is zoned for schools with lower performance ratings, particularly the high school, which may limit its appeal to families with school-aged children.
Minutes from the Las Vegas Strip and UNLV, this upstairs two-bedroom, two-bath unit offers nearly 1,000sqft of open-concept living. Beautiful Vinyl Floors flows through the living and bedrooms, while easy-care vinyl graces the kitchen and dining area. The primary suite features extra space to relax. Located in a quiet community with open parking, this unit offers easy access to shopping, dining, and public transit—making it a convenient option in a prime Las Vegas location.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades PK-5 • 0.5 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 51% |
| Square foot | 992 | 892 | 71% |
| Lot Size | 2,263 | - | 76% |
| Price | $224.9K | $110.0K | 96% |
| Price per sq ft | $227 | $167 | 96% |
| Built year | 1981 | 1983 | 45% |
| HOA | $300 | $175 | 92% |
| Days on market | 53 | 1510 | 1% |
Feb 28, 2026
$224,900
Initial Listing