5000 Red Rock Street 210, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This Well-Maintained Value-Add Condo represents a Prime Investment Opportunity, listed at $175,000—positioned well below the $196,063 Fair Market Value by 10%. This valuation gap offers $21,063 in Instant Equity for buyers. While the property holds a Fair Condition Rating due to its original 1991 finishes, it features a desirable split-bedroom layout and a private balcony with pool views. Located minutes from the Strip near Helen Jydstrup Elementary, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5000 Red Rock Street 210 Subject | $175,000* List Price | 2 | 2 | 1,063 | $184 | - |
A 5131 Lindell Road 106 Sold | $176,500 | 2 | 2 | 965 | $183 | 0.4 mi |
B 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 0.9 mi |
C 5225 W Reno Avenue 219 Sold | $220,000 List Price | 2 | 2 | 1,070 | 0.6 mi | |
D 5161 LINDELL Road 201 Sold | $201,000 | 2 | 2 | 965 | $208 | 0.4 mi |
E 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.9 mi |
F 5221 Lindell Road 206 Active | $189,999 List Price | 2 | 2 | 965 | $197 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally well-maintained by the original owner but remains in its original 1991 condition. While the home is clean and functional, the kitchen features dated laminate countertops and older white appliances, and the bedrooms contain original mauve-colored carpeting. It fits the 'Fair' criteria perfectly as a 30+ year old home that has been maintained through regular upkeep but has not undergone any major renovations or modern updates.
Situated in a gated community just minutes from the Las Vegas Strip with immediate access to the I-15, offering exceptional convenience for commuters and entertainment seekers.
The floor plan features a split-bedroom design that maximizes privacy by separating the primary suite from the secondary bedroom, ideal for roommates or guests.
Meticulously maintained by the original owner as a vacation residence, the property is in excellent physical condition, reflecting a higher level of care than typical high-traffic rentals.
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.
The home retains its original 1991 finishes, which will likely require a capital investment from the buyer to modernize the aesthetic and increase market value.
The monthly association fee of $335 represents a significant recurring carrying cost that may impact the overall affordability for budget-conscious buyers.
Well maintained 2-bedroom, 2-bath condo in a gated community just minutes from the Las Vegas Strip with easy I-15 access. The open concept kitchen overlooks the living and dining areas, creating an inviting space for everyday living. The living room features a cozy gas fireplace, while the desirable split-bedroom layout offers added privacy with the primary suite separated from the secondary bedroom. Enjoy outdoor living on the balcony overlooking the common area, clubhouse, and pool, with landscaping currently being refreshed with modern, drought-resistant design. Owned by the original owner and used as a vacation residence, this home is in excellent condition with original finishes. Community amenities include a pool, spa, gated entry, and recreation room. Priced to allow the next owner to add their personal touch. Don’t wait too long, this one won’t last!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,063 | 1,034 | 52% |
| Lot Size | 22,413 | - | 92% |
| Price | $175.0K | $176.5K | 49% |
| Price per sq ft | $165 | $202 | 42% |
| Built year | 1991 | 1996 | 18% |
| HOA | $335 | $220 | 88% |
| Days on market | 71 | 986 | 5% |
Feb 10, 2026
$175,000
Initial Listing