5022 S Rainbow Boulevard 105, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
Loading property details...
Las Vegas, NV 89118
This Value-Add Condominium is listed at $169,900, positioned well below the $171,429 Fair Market Value by 1%. This valuation provides $1,529 in Instant Equity for buyers. Currently holding a Condition Rating of 4, the interior requires cosmetic updates to the kitchen and flooring to maximize ROI. The property features two large covered patios and access to resort-style amenities including six pools. Located near top-rated Marion B Earl Elementary, this is a high-utility asset for Buy-and-Hold Investors or first-time buyers looking to build equity in a prime Las Vegas location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5022 S Rainbow Boulevard 105 Subject | $169,900* List Price | 1 | 1 | 907 | $189 | - |
A 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.0 mi |
B 5072 S Rainbow Boulevard 104 Sold | $184,500 | 1 | 1 | 841 | $219 | 0.2 mi |
C 5024 RAINBOW Boulevard 201 Sold | $128,000 List Price | 1 | 1 | 907 | 0.1 mi | |
D 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 0.0 mi |
E 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.1 mi | |
F 5062 S Rainbow Boulevard 104 Active | $194,500 List Price | 1 | 1 | 841 | $231 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this property is functional but shows significant signs of age and deferred cosmetic maintenance. The carpeting throughout the living areas and bedroom appears heavily worn and stained, requiring immediate replacement. The kitchen features dated oak cabinetry and older appliances, and the presence of popcorn ceilings and basic light fixtures reflects a lack of recent modern renovations. While the unit is livable, it requires minor updates and repairs to meet current market standards.
Situated minutes from the Las Vegas Strip, Allegiant Stadium, and Chinatown, this property offers exceptional access to world-class entertainment, dining, and employment hubs.
The community features extensive amenities including six pools, tennis courts, and roving security, all maintained with a notably low monthly HOA fee of $193.
This downstairs unit boasts two large covered patios and no building directly behind it, providing a rare level of privacy and functional outdoor living area for a condominium.
Built in 1987, the property may require more frequent maintenance or updates to its original systems and finishes compared to newer residential developments.
The one-bedroom, one-bathroom configuration limits the potential buyer pool primarily to individuals, couples, or investors, excluding larger households.
If you’ve been waiting for an affordable way to get into one of Las Vegas’ most iconic resort-style locations, this is your opportunity! Just minutes from the Strip,Allegiant Stadium,T-Mobile,Chinatown,and adjacent to prestigious Spanish Trails, this perfectly located downstairs condo is surrounded by mature landscaping with no building behind. You’ll love the spacious open floor plan with neutral colors, large great room with fireplace, plenty of cabinet & closet space, a comfortable kitchen with stainless sink, built-in microwave,and breakfast bar. and a generous bedroom with big walk-in closet. Lot's of windows provide airy natural light, and oversized sliding glass doors open to two large covered patios for year-round outdoor living. You can't beat the resort-style amenities including 6 pools,spas,tennis courts,fitness center,and roving security-all with a surprisingly low HOA! This property is a rare find, great for a 1st time buyer, investor, or 2nd home, at a fantastic price!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 28% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 907 | 1,035 | 29% |
| Lot Size | - | - | 50% |
| Price | $169.9K | $184.8K | 44% |
| Price per sq ft | $187 | $206 | 44% |
| Built year | 1987 | 1996 | 18% |
| HOA | $193 | $220 | 37% |
| Days on market | 12 | 895 | 1% |
Apr 10, 2026
$169,900
Initial Listing