500 South 13th Street C9, Las Vegas, NV 89101, Las Vegas, 89101 - 2 bed, 2 bath
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Las Vegas, NV 89101
This property presents a High-Potential Investment Opportunity with a List Price of $105,000—positioned well below the $109,186 Fair Market Value by 3%. This valuation gap offers $4,186 in Instant Equity for buyers. With a Condition Rating of 5, the unit requires a full rehab to address aging infrastructure and dated finishes. Its strategic location near Downtown Las Vegas ensures strong rental demand, making this a value-add asset ideal for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 South 13th Street C9 Subject | $105,000* List Price | 2 | 2 | 1,050 | $104 | - |
A 520 South 13th Street D19 Active | $105,000 List Price | 2 | 1 | 950 | $111 | - |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1962 (62 years old) and the listing mentions no renovations to the kitchen, bathrooms, or major systems like HVAC and electric. Given the age exceeds 30 years without updates and the low price point, it likely requires a full rehab to address dated finishes and potential safety/structural defects.
Priced at $105,000 for a 2-bedroom, 2-bathroom unit, this property represents a rare entry-level investment or homeownership opportunity significantly below the Las Vegas median price.
The property's proximity to both Downtown Las Vegas and the Las Vegas Strip ensures high rental demand and convenient access to major employment, dining, and entertainment hubs.
The monthly association fee uniquely covers property taxes in addition to water and sewer, providing the owner with a simplified and predictable monthly expense structure.
Built in 1962, the property may require updates to aging infrastructure, electrical systems, or cosmetic finishes to meet modern efficiency and aesthetic standards.
The listing focuses on basic utility inclusions and lacks mention of contemporary lifestyle amenities such as a pool, fitness center, or gated security common in newer developments.
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 | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,050 | - |
| Lot Size | 56,192 | - |
| Price | $105.0K | $217.2K |
| Price per sq ft | $100 | $219 |
| Built year | 1962 | 0 |
| HOA | $275 | $0 |
| Days on market | 7 | 828 |
Jul 15, 2026
$105,000
Initial Listing