500 South 13th Street C23, Las Vegas, NV 89101, Las Vegas, 89101 - 1 bed, 1 bath
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Las Vegas, NV 89101
This property presents a High-Potential Investment Opportunity with a List Price of $100,000, positioned at the $100,000 Fair Market Value. While the unit requires a full interior modernization due to its Condition Rating of 5, the inclusive association fee covering taxes, water, and sewer provides significant operational cost predictability. Its prime location near Downtown Las Vegas and the Strip ensures strong rental demand. This value-add asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-barrier entry into the urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 South 13th Street C23 Subject | $100,000* List Price | 1 | 1 | 700 | $143 | - |
A 521 South Maryland Parkway A-16 Active | $100,000 List Price | 1 | 1 | 47,136 | $2 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 (62 years old) with no mention of renovations. The property is significantly dated and likely requires a full rehab of the kitchen, bathroom, and mechanical systems to address functional obsolescence and potential safety issues associated with its age.
The property is ideally situated near Downtown Las Vegas and the Las Vegas Strip, providing convenient access to major employment hubs, world-class entertainment, and dining.
Listed at $100,000, this unit offers a rare, low-barrier entry point into the Las Vegas market, making it an attractive option for budget-conscious buyers or investors.
The monthly association fee covers property taxes, water, and sewer, simplifying the owner's monthly obligations and providing significant cost predictability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =56192, other record lot size in square feet = 8276. Living area discrepancy between mls listing and other public or private record. mls listing living area = 47136, other record living area = 2064. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 6.
Built in 1962, the property may feature older mechanical systems and finishes that could require modernization or more frequent maintenance compared to newer developments.
Due to the age of the building and the unique association structure that includes property taxes, certain traditional financing options may be restricted, potentially favoring cash buyers.
This incredible opportunity to purchase an affordable unit is available now. Located near Downtown Las Vegas and the Las Vegas Strip, the condo building pays taxes, water and sewer. The unit includes electric refrigerator and stove. Don't miss out on this opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 700 | - |
| Lot Size | 56,192 | - |
| Price | $100.0K | $217.2K |
| Price per sq ft | $143 | $219 |
| Built year | 1962 | 0 |
| HOA | $275 | $0 |
| Days on market | 7 | 828 |
Jul 15, 2026
$100,000
Initial Listing