5000 Red Rock Street 118, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
5000 Red Rock Street 118
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5000 Red Rock Street 118, Las Vegas, NV 89118 is currently available with a list price of $250,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has been recently refreshed with new flooring and paint throughout. While the building was constructed in 1991, the recent cosmetic updates and well-maintained appearance of the kitchen and living areas elevate it above the 'fair' category. It features a functional layout, modern surfaces, and no immediate signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Move-In Ready Condition
The property has been freshly updated with new flooring and paint, offering a turnkey solution that appeals to both immediate owner-occupants and investors looking for low-maintenance assets.
- Prime Central Location
Situated just minutes from the Las Vegas Strip and the airport, the condo offers exceptional proximity to world-class dining, entertainment, and major employment hubs.
- Desirable Outdoor Living
As a first-floor unit, it features a large covered patio with peaceful park views, providing a rare indoor-outdoor flow and a sense of tranquility in a high-demand urban area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =22413, other record lot size in square feet = 2304.
- High Association Fees
The monthly association fee of $435 is relatively high for a property at this price point, which may impact the buyer's monthly budget and overall investment yield.
- Average School Ratings
The assigned middle and high schools are rated 4/10, which may be a concern for families prioritizing high-performing educational districts.
About 5000 Red Rock Street 118
Welcome home to your charming first-floor condo featuring a cozy fireplace and a large covered patio with peaceful park views—perfect for indoor-outdoor living. Freshly updated with new flooring and new paint, this home is move-in ready and offers a functional, comfortable layout. Enjoy the convenience of a covered parking space and a prime location near the airport, just minutes from the Las Vegas Strip, with easy access to shopping, dining, and major roadways. Ideal for owner-occupants, second-home buyers, or investors seeking low-maintenance living in a high-demand area.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1991
- Lot Size
- 22,413 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $435 / Month
Neighborhood Insights
Las Vegas Unified Schools
Helen Jydstrup Elementary School
Grades PK-5 • 0.2 mi
Grant Sawyer Middle School
Grades 6-8 • 0.9 mi
Durango High School
Grades 9-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,181 | 1,070 | 82% |
| Lot Size | 22,413 | - | 93% |
| Price | $250.0K | $172.0K | 78% |
| Price per sq ft | $212 | $196 | 61% |
| Built year | 1991 | 1994 | 21% |
| HOA | $435 | $221 | 99% |
| Days on market | 54 | 570 | 1% |
Pricing History
Listed for Sale
Jan 12, 2026
$250,000
Initial Listing