5000 Red Rock Street 102, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
Loading property details...
Las Vegas, NV 89118
This property presents a High-Potential Investment Opportunity with a List Price of $185,000—positioned well below the $115,767 Fair Market Value by -59%. While the unit requires significant interior updates, its Condition Rating of 5 and functional layout provide a clear path for forced appreciation. Located near the Las Vegas Strip with access to Helen Jydstrup Elementary, this asset is well-suited for Buy-and-Hold Investors or first-time buyers capable of managing a full-scale renovation to unlock long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5000 Red Rock Street 102 Subject | $185,000* List Price | 2 | 2 | 989 | $117 | - |
A 5131 Lindell Road 106 Sold | $176,500 | 2 | 2 | 965 | $183 | 0.4 mi |
B 5161 LINDELL Road 201 Sold | $201,000 | 2 | 2 | 965 | $208 | 0.4 mi |
C 5055 W Hacienda Avenue 2104 Sold | $200,000 | 2 | 2 | 893 | $224 | 0.9 mi |
D 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 0.9 mi |
E 5000 Red Rock Street 210 Active | $175,000 List Price | 2 | 2 | 1,063 | $165 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1991 (33 years old), placing it in the >30y category. The listing description explicitly states it is priced to reflect condition and needs updates, while interior photos show original 90s finishes, dated wallpaper, and worn carpeting that suggest a need for a full rehab.
Conveniently situated near the Las Vegas Strip, major roadways, and diverse dining and shopping options, offering high appeal for both residents and potential tenants.
The well-designed floor plan includes a cozy fireplace, a private patio, and a primary suite with a soaking tub, maximizing the utility of the 989 square feet.
Priced to reflect its current condition, this unit provides a significant opportunity for investors or homeowners to build equity through modern updates and personalization.
The property is noted as needing updates to reach its full potential, which will require immediate additional capital investment from the buyer.
The $400 monthly association fee is relatively high compared to the listing price, which may impact overall affordability and monthly cash flow for investors.
Spacious 2-bedroom, 2-bath condo in the desirable Laguna Del Rey community! This well-designed unit features an open living and dining area with a cozy fireplace, creating a warm and inviting space for everyday living. Enjoy a private patio with tile flooring overlooking beautifully maintained grounds. The generously sized primary suite offers two closets and an en-suite bath with a soaking tub. The second bedroom includes a walk-in closet, ideal for guests or a home office. In-unit stackable washer and dryer included. This home offers a great opportunity to personalize and update to your taste—priced to reflect condition and potential. Community amenities include a swimming pool and mature landscaping. Conveniently located near the Las Vegas Strip, shopping, dining, and major roadways.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 989 | - |
| Lot Size | 2,304 | - |
| Price | $185.0K | $217.2K |
| Price per sq ft | $187 | $219 |
| Built year | 1991 | 0 |
| HOA | $400 | $0 |
| Days on market | 88 | 828 |
Apr 25, 2026
$185,000
Initial Listing
May 29, 1992
$86,950
Public Record