5048 S Rainbow Boulevard 105, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5048 S Rainbow Boulevard 105
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5048 S Rainbow Boulevard 105, Las Vegas, NV 89118 is currently available with a list price of $255,000. 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 that brings it up to modern standards. The kitchen features new white shaker cabinetry, quartz countertops, a custom tile backsplash, and stainless steel appliances. Both bathrooms have been fully updated with contemporary vanities and tiled showers. The unit also boasts new wood-look luxury vinyl flooring, fresh neutral paint, and updated lighting fixtures throughout, making it virtually new in terms of interior condition.
PROSSTRENGTHS & OPPORTUNITIES
- Renovated Interior
The unit features a recently renovated kitchen and bathrooms, providing a modern aesthetic and move-in-ready convenience that is highly desirable for this vintage.
- Ground-Floor Accessibility
As a downstairs unit, this property offers excellent accessibility and ease of entry, eliminating the need for stairs and appealing to a wider range of buyers.
- Robust Community Amenities
Located in a gated community, residents have access to premium amenities including a pool, spa, gym, clubhouse, and tennis courts, enhancing the overall lifestyle value.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
With an original build date of 1987, the property may face upcoming maintenance needs related to older plumbing, electrical systems, or common area structures.
- Average School Ratings
The local public schools are rated between 4 and 5 out of 10, which may be a drawback for families specifically seeking top-tier educational districts.
About 5048 S Rainbow Boulevard 105
GREAT LOCATION, GATED COMMUNITY. BEAUTIFUL DOWNSTAIRS 2 BEDROOM UNIT WITH RENOVATED KITCHEN AND BATHROOMS. QUITE AND PRIVATE LOCATION. COMMUNITY INCLUDES POOL, SPA, GYM, CLUB HOUSE AND TENNIS COURTS.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 7,733 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 2.0 | 50% |
| Square foot | 1,091 | 1,070 | 54% |
| Lot Size | 7,733 | - | 80% |
| Price | $255.0K | $172.0K | 86% |
| Price per sq ft | $234 | $196 | 75% |
| Built year | 1987 | 1994 | 17% |
| HOA | $194 | $220 | 39% |
| Days on market | 37 | 570 | 1% |
Pricing History
Listed for Sale
Jan 29, 2026
$255,000
Initial Listing