4985 Arizona Avenue, Las Vegas, NV 89104, Las Vegas, 89104 - 4 bed, 2 bath
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Las Vegas, NV 89104
This property presents a High-Potential Investment Opportunity with a List Price of $480,000—positioned well below the $537,074 Fair Market Value by 10%. This valuation gap offers $57,074 in Instant Equity for buyers. Featuring a Fair Condition Rating (1985 build), the home offers significant value-add potential through modernization. Key assets include a 10,000+ sq ft lot, heated pool and spa, and a 241 sq ft flex space. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4985 Arizona Avenue Subject | $480,000* List Price | 4 | 2 | 1,968 | $273 | - |
A 4465 E Cleveland Avenue Sold | $469,000 | 3 | 2 | 1,754 | $267 | 1.0 mi |
B 4890 Idaho Avenue Sold | $385,000 | 4 | 2 | 1,408 | $273 | 0.3 mi |
C 4995 Yuma Avenue Sold | $510,000 | 3 | 2 | 1,825 | $279 | 0.1 mi |
D 4810 E Cleveland Avenue Sold | $450,000 List Price | 4 | 4 | 2,795 | 0.7 mi | |
E 4433 Sun Vista Drive Sold | $380,000 List Price | 4 | 3 | 2,124 | 0.7 mi | |
F 4631 E Colorado Avenue Active | $538,000 List Price | 4 | 3 | 2,536 | $212 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, the property is nearly 40 years old and retains many dated features including original oak cabinetry, fluorescent kitchen light boxes, popcorn ceilings, and wood paneling. While the home is functional and features some newer stainless steel appliances and updated flooring in the flex space, the primary systems and aesthetics are over 20 years old and require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 2209.
The oversized 10,000+ sq ft lot features a heated pool, spa, and RV parking with power, all without the restrictions or costs of an HOA.
An additional 241 sq ft of living space provides a multi-functional area ideal for a home office, gym, or guest retreat, significantly increasing the home's functional utility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2209, other record living area = 1968. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The assigned public schools for this address have relatively low ratings, which may be a drawback for families prioritizing educational performance.
Built in 1985 and marketed as an 'as-is' opportunity, the home may require additional investment in cosmetic or system updates to meet modern standards.
Rare opportunity in the desirable State Streets! This well-maintained single-story home offers 3 bedrooms, 2 full bathrooms and sits on an oversized 10,000+ sq. ft. corner lot with **NO HOA**. A standout feature is the **516 sq. ft. of flexible living space**, offering endless possibilities for a double primary suite, next-gen retreat, play room, home gym, or creative studio. With its existing layout, buyers may also explore future conversion potential to a private guest suite or accessory dwelling that could double as a rental and a great long term investment! The corner lot provides added privacy, extra parking, and greater separation from neighboring homes. Enjoy a fully fenced, heated pool and spa, real grass, mature low-maintenance landscaping, covered front and rear patios, plus a side gate and paver driveway suitable for RV parking with power hookups. Conveniently located near the Las Vegas Medical District, Sunrise Hospital, Downtown Las Vegas, Fremont East, shopping, dining, and major commuter routes including US-95, I-15, and Harry Reid International Airport. The nearby Maryland Parkway redevelopment further enhances the area's long-term appeal. Offering one of the best price-per-square-foot values in the area, this property combines generous outdoor space, flexible living options, and the freedom of **NO HOA**. Move in and enjoy it as-is, personalize it to fit your vision, or unlock its investment potential.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades PK-5 • 0.8 mi
Grades PK-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,968 | - |
| Lot Size | 10,019 | - |
| Price | $480.0K | $474.8K |
| Price per sq ft | $244 | $257 |
| Built year | 1985 | 0 |
| HOA | $0 | $0 |
| Days on market | 15 | 526 |
Jul 7, 2026
$480,000
Initial Listing