500 South 13th Street C6, Las Vegas, NV 89101, Las Vegas, 89101 - 2 bed, 2 bath
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Las Vegas, NV 89101
This 2-bedroom condo represents a Prime Investment Opportunity, listed at a List Price of $137,500—positioned well below the $140,934 Fair Market Value by 2%. This valuation gap offers $3,434 in Instant Equity for the next owner. With a Condition Rating of 4, the property features recent 2025 appliance upgrades and stable, long-term rental income. Its strategic location near Downtown Las Vegas ensures consistent demand, making this a reliable Buy-and-Hold Investor asset or a solid entry point for first-time buyers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 South 13th Street C6 Subject | $137,500* List Price | 2 | 2 | 1,050 | $134 | - |
A 500 S 13th Street C29 Sold | $99,000 | 2 | 1 | 740 | $134 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the property is functional but dated. While it features some recent updates like a new stove and dishwasher (2025) and a relatively modern bathroom vanity, other fixtures like the medicine cabinet and overall interior finishes appear to be over 20 years old, requiring minor cosmetic updates to meet modern standards.
With a current lease at $1,350 per month against a $137,500 list price, this property offers an exceptional gross rental yield of nearly 12%, providing immediate ROI for investors.
Situated minutes from Downtown Las Vegas and Fremont Street, the property is ideally positioned near major employment hubs, entertainment, and public transit, ensuring high long-term rental demand.
The property features dependable long-term tenants and recent 2025 appliance upgrades, minimizing initial vacancy risks and immediate capital expenditure for the new owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =63598, other record lot size in square feet = 30492.
Built in 1962, the property may face higher long-term maintenance requirements or utility inefficiencies common with older construction compared to modern developments.
The $310 monthly HOA fee is relatively high compared to the purchase price, which may impact net operating income and overall cash-on-cash returns.
Excellent investment opportunity with immediate cash flow. This maintained 2-bedroom, 2-bath condo is located within a gated community just minutes from Downtown Las Vegas, Fremont Street, shopping, dining, entertainment, and convenient public transportation. Currently leased at $1,350 per month to dependable tenants who would love to remain, offering immediate rental income for the next owner. Please do not disturb tenants. Seller is liquidating their Las Vegas portfolio, creating an opportunity for you to acquire an established income-producing property. Recent upgrades include a new stove and dishwasher installed in 2025. HOA dues include water, sewer, and trash services, helping provide predictable ownership expenses.Whether you’re looking to expand your portfolio or purchase your first investment property, this turnkey opportunity offers immediate income and long-term potential in a highly accessible Las Vegas location. Buyer to verify all information. Pre-approval letter or proof of funds to accompany all offers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,050 | - |
| Lot Size | 63,598 | - |
| Price | $137.5K | $217.2K |
| Price per sq ft | $131 | $219 |
| Built year | 1962 | 0 |
| HOA | $310 | $0 |
| Days on market | 30 | 828 |
Jun 22, 2026
$137,500
Initial Listing