5062 S Rainbow Boulevard 104, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
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Las Vegas, NV 89118
This Turnkey Rental Asset is listed at $194,500, reflecting a premium over the $168,293 Fair Market Value due to its proven income stability. Featuring a 13-year tenant who intends to stay and a Fair Condition Rating, the unit offers immediate cash flow and a private patio. Residents benefit from community pools, tennis courts, and proximity to Marion B Earl Elementary and Durango High School. Located minutes from the Las Vegas Strip and Allegiant Stadium, this property guarantees long-term desirability. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5062 S Rainbow Boulevard 104 Subject | $194,500* List Price | 1 | 1 | 841 | $200 | - |
A 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.1 mi |
B 5072 S Rainbow Boulevard 104 Sold | $184,500 | 1 | 1 | 841 | $219 | 0.1 mi |
C 5016 S Rainbow Boulevard 106 Sold | $210,000 List Price | 1 | 1 | 841 | 0.1 mi | |
D 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.1 mi | |
E 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 0.1 mi |
F 5054 S Rainbow Boulevard 104 Active | $177,000 List Price | 1 | 1 | 841 | $210 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this property falls into the 25-40 year age bracket without evidence of a full modern renovation. While the listing describes the unit as 'super clean' and well-maintained for a long-term tenant, the images reveal dated features such as older cabinetry and standard tile flooring. The property is functional and move-in ready for an investor, but the kitchen and bathroom styles are outdated compared to current market standards, fitting the criteria for a fair condition score.
The property features a reliable 13-year tenant who wishes to remain, offering immediate rental income and stability for investors looking for a low-vacancy asset.
Ideally situated with rapid access to the Las Vegas Strip, Allegiant Stadium, and major freeways, ensuring high demand and long-term desirability.
Residents have access to a wide array of facilities including multiple pools, spas, a fitness center, and tennis courts, which enhances the overall lifestyle value.
Built in 1987, the property may require upcoming capital expenditures for maintenance or modernization of original systems and finishes to stay competitive.
The one-bedroom, one-bathroom layout naturally restricts the potential buyer and renter pool to individuals or couples, limiting broader market versatility.
Remarks INVESTORS DREAM * 13 YEAR TENANT WHO WANTS TO STAY * SUPER CLEAN 1 BEDROOM * 1 BATH * DOWNSTAIRS UNIT * TILE FLOORING EXCEPT IN BEDROOM * CONVENIENTLY LOCATED TO STRIP, SHOPPING, STADIUM, & FREEWAY ACCESS * COMMUNITY FEATURES POOLS, SPAS, FITNESS CENTER, TENNIS COURTS * DON'T MISS THIS ONE * ALL INFO DEEMED RELIABLE TO BE VERIFIED BY BUYER/BUIYER AGENT
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 29% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 841 | 1,034 | 28% |
| Lot Size | 6,410 | - | 75% |
| Price | $194.5K | $184.5K | 52% |
| Price per sq ft | $231 | $205 | 69% |
| Built year | 1987 | 1996 | 17% |
| HOA | $205 | $220 | 45% |
| Days on market | 91 | 986 | 6% |
Jan 21, 2026
$194,500
Initial Listing