5062 S Rainbow Boulevard 104, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
5062 S Rainbow Boulevard 104
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5062 S Rainbow Boulevard 104, Las Vegas, NV 89118 is currently available with a list price of $194,500. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1987, this property falls into the 'fair' category as it is over 20 years old and lacks evidence of a recent comprehensive renovation. While described as 'super clean' with tile flooring, the long-term 13-year tenancy suggests that while the unit is well-maintained and functional, the kitchen, bathroom, and appliances are likely dated and reflect the styles of previous decades rather than current modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Potential
Marketed as an investor's dream, the property features a reliable 13-year tenant who wishes to remain, offering immediate cash flow and eliminating initial vacancy concerns.
- Prime Centralized Location
The unit is ideally situated with convenient access to the Las Vegas Strip, Allegiant Stadium, major shopping hubs, and freeway entrances, ensuring high long-term demand.
- Robust Community Amenities
Residents benefit from a comprehensive amenity package including multiple pools, spas, a fitness center, and tennis courts, which adds significant value to the resident experience.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1987, the property may soon require capital improvements or more frequent maintenance compared to newer condominium developments in the valley.
- Limited Layout Versatility
With only one bedroom and one bathroom, the property appeals to a narrower demographic of singles or couples, potentially limiting future resale flexibility.
About 5062 S Rainbow Boulevard 104
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
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 6,410 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $205 / Month
Neighborhood Insights
Las Vegas Unified Schools
Marion B Earl Elementary School
Grades PK-5 • 0.2 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 | 1.0 | 2.0 | 33% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 841 | 1,053 | 30% |
| Lot Size | 6,410 | - | 75% |
| Price | $194.5K | $172.0K | 57% |
| Price per sq ft | $231 | $196 | 75% |
| Built year | 1987 | 1994 | 17% |
| HOA | $205 | $220 | 45% |
| Days on market | 45 | 570 | 1% |
Pricing History
Listed for Sale
Jan 21, 2026
$194,500
Initial Listing