4980 Indian River Drive 445, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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Las Vegas, NV 89103
This Turnkey Income-Generating Asset is listed at $155,000, representing a stable entry point aligned with its $149,990 Fair Market Value. Boasting a Condition Rating of 3, the interior features a modernized Granite Kitchen and custom cabinetry. The property is a high-yield performer, currently securing $1,405 Monthly Rent from a long-term tenant within a Guard-Gated Community. Minutes from the Strip and near Joseph E Thiriot Elementary and Kenny C Guinn Middle School, it balances amenities with consistent cash flow. This is an optimal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4980 Indian River Drive 445 Subject | $155,000* List Price | 1 | 1 | 700 | $214 | - |
A 5000 Indian River Drive 483 Sold | $145,000 | 1 | 1 | 700 | $207 | 0.0 mi |
B 5185 Indian River Drive 223 Sold | $150,000 | 1 | 1 | 700 | $214 | 0.1 mi |
C 5020 Indian River Drive 432 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.1 mi |
D 5286 River Glen Drive 428 Sold | $184,500 List Price | 1 | 1 | 700 | 0.3 mi | |
E 4960 Indian River Drive 470 Sold | $163,000 | 2 | 1 | 816 | $200 | 0.0 mi |
F 4470 SANDY RIVER Drive 58 Sold | $130,000 List Price | 2 | 1 | 816 | 0.1 mi | |
G 4921 Indian River Drive 120 Active | $149,900 List Price | 1 | 1 | 700 | $214 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1982, the property is in move-in ready condition with significant updates that exceed the 'fair' category. The kitchen has been modernized with granite countertops, custom cabinetry, and stainless steel appliances. The bathroom features a matching granite vanity, and the unit includes updated hard-surface flooring and neutral paint throughout, indicating it has been well-maintained and renovated within the last 5 to 15 years.
The property features a reliable long-term tenant paying $1,405 per month, offering immediate cash flow and an attractive return on investment for a $155,000 purchase price.
Ideally situated in the 89103 zip code, the unit is minutes away from the Las Vegas Strip, Harry Reid International Airport, and major shopping and dining hubs.
The guard-gated community provides high-value amenities including a pool, spa, and tennis courts, while the HOA fee conveniently covers water, sewer, and trash services.
Built in 1982, the property may require more frequent maintenance or updates to aging systems compared to newer condominium developments in the area.
At 700 square feet, the compact one-bedroom layout may limit appeal for residents seeking extra storage space or a dedicated home office area.
GREAT INVESTMENT!...very nice 1br, 1ba, downstairs unit...long-term tenant paying $1,405/mo!...all appliances, granite counters, custom cabinets...HOA includes water, sewer, trash...pool, spa, tennis, clubhouse, security guard-gated...Central location, minutes to Strip, airport, freeway, shopping, restaurants, more!
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 1.2 mi
Grades 6-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 36% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 700 | 880.5 | 33% |
| Lot Size | 6,229 | 1 | 92% |
| Price | $155.0K | $156.1K | 49% |
| Price per sq ft | $221 | $195 | 77% |
| Built year | 1982 | 1983 | 47% |
| HOA | $246 | $188 | 79% |
| Days on market | 47 | 1176 | 1% |
Mar 6, 2026
$155,000
Initial Listing