5042 S Rainbow Boulevard 103, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 1 bath
5042 S Rainbow Boulevard 103
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5042 S Rainbow Boulevard 103, Las Vegas, NV 89118 is currently available with a list price of $220,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Although built in 1987, the property has undergone an extensive recent renovation making it turnkey and move-in ready. The interior features a gourmet kitchen with granite countertops and stainless steel appliances, a spa-inspired bathroom with a modern LED-lit vanity, and updated flooring and fixtures throughout, meeting the criteria for a fully renovated residence within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Renovations
The property is fully furnished and features high-end upgrades, including a gourmet kitchen with granite countertops and a spa-inspired bathroom, offering a completely move-in-ready experience.
- Prime Accessibility
The desirable first-floor location provides easy access to the unit and community amenities, complemented by the rare addition of two private balconies for outdoor living.
- Exceptional Community Value
With a relatively low HOA fee of $194, residents enjoy access to a pool, gym, and tennis courts, all while being conveniently located near major freeway access and shopping hubs.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
The unit features two bedrooms but only one bathroom, which may be a significant drawback for families or those looking for roommate-style living arrangements.
- Building Age
Built in 1987, the property may face higher long-term maintenance needs for aging structural and mechanical systems compared to newer condominium developments in the area.
About 5042 S Rainbow Boulevard 103
Step into luxury with this fully furnished, beautifully renovated 2-bedroom, 1-bath condo. This turnkey residence features a convenient first-floor location with easy access to the sparkling community pool, gym, and tennis court. Enjoy two private balconies, a spa-inspired bathroom with an LED-lit vanity, and a gourmet kitchen with granite counter tops and stainless steel, appliances. Fully furnished and move-in-ready lifestyle. Conveniently located near shopping and freeway access.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $194 / Month
Neighborhood Insights
Las Vegas Unified Schools
Marion B Earl Elementary School
Grades PK-5 • 0.1 mi
Grant Sawyer Middle School
Grades 6-8 • 0.5 mi
Durango High School
Grades 9-12 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 949 | 1,053 | 41% |
| Lot Size | - | - | 50% |
| Price | $220.0K | $172.0K | 64% |
| Price per sq ft | $232 | $196 | 75% |
| Built year | 1987 | 1994 | 17% |
| HOA | $194 | $220 | 39% |
| Days on market | 92 | 570 | 5% |
Pricing History
Listed for Sale
Dec 5, 2025
$220,000
Initial Listing