5015 Carmel Avenue, Las Vegas, NV 89122, Las Vegas, 89122 - 4 bed, 2 bath
Loading property details...
Las Vegas, NV 89122
This property presents a High-Potential Investment Opportunity with a List Price of $355,000—positioned well below the $357,857 Fair Market Value by 0.8%. This valuation gap offers $2,857 in Instant Equity for buyers prepared to address the Condition Rating of 5. Featuring a 6,534 sqft corner lot and no HOA fees, the asset provides significant renovation upside. While local school ratings are low, the functional 4-bedroom layout remains attractive for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5015 Carmel Avenue Subject | $355,000* List Price | 4 | 2 | 1,200 | $298 | - |
A 4990 Denning Street Sold | $360,000 | 3 | 2 | 1,200 | $300 | 0.5 mi |
B 4990 Denning Street Sold | $360,000 | 3 | 2 | 1,200 | $300 | 0.5 mi |
C 5437 Morris Street Sold | $352,000 | 3 | 2 | 1,168 | $301 | 0.5 mi |
D 5054 Brownwood Avenue Sold | $323,000 | 2 | 2 | 1,014 | $319 | 0.1 mi |
E 5110 Carmel Avenue Active | $375,000 List Price | 3 | 2 | 1,188 | $316 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1973 (51 years old) with no evidence of major renovations. The property shows significant neglect and safety concerns, including exposed exterior electrical wiring, a dilapidated fence, and a yard filled with debris. The interior features dated popcorn ceilings and original-style tile, and the listing explicitly mentions the need for 'TLC,' indicating a requirement for a full rehab.
Situated on a spacious 6,534 sqft corner lot, this property offers enhanced privacy and significant outdoor potential compared to standard interior lots.
The absence of a homeowners association fee provides owners with greater financial flexibility and fewer restrictions on property usage and modifications.
Featuring high ceilings and durable tile flooring, the home maximizes its 1,200 sqft footprint to provide four functional bedrooms, ideal for larger households.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1973 and noted as needing 'TLC,' the property will likely require immediate capital investment for modernizing and repairs.
The assigned elementary, middle, and high schools have ratings between 2 and 3, which may impact the property's appeal to education-focused families.
Seize the chance to own this 4-bedroom property on a desirable corner lot! You're welcomed by an inviting living room with a soothing palette, high ceilings, blinds, and durable tile flooring for easy maintenance. The eat-in kitchen comes with wood cabinetry and essential built-in appliances for a seamless cooking experience. All bedrooms are cozy and well-sized, offering a private retreat for all inhabitants. With a bit of TLC, you can turn this residence into your dream home. Conveniently located close to bus stops, restaurants, and shopping. Don't miss out on this one!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 77% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,546 | 14% |
| Lot Size | 6,534 | 5,227 | 73% |
| Price | $355.0K | $349.9K | 54% |
| Price per sq ft | $296 | $218 | 92% |
| Built year | 1973 | 2002 | 14% |
| HOA | $0 | $52 | 46% |
| Days on market | 15 | 1154 | 0% |
May 22, 2026
$355,000
Initial Listing