5081 Pioneer Avenue 204, Las Vegas, NV 89146, Las Vegas, 89146 - 2 bed, 2 bath
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5081 Pioneer Avenue 204
Las Vegas, NV 89146
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,105Sq Ft
4,564Lot Size
Property Price
LIST PRICE$250,000
EST. MARKET VALUE
$220,892
13% AboveMARKET VALUE
SUMMARY
This Spacious 2-Bedroom Condominium represents a High-Potential Investment Opportunity, listed at $250,000—positioned above the $220,892 Fair Market Value. While currently priced above the estimated market value, the property features a Condition Rating of 3, boasting significant interior renovations including modern cabinetry and contemporary tile flooring. Located in the central Chinatown area, this unit offers a prime lifestyle with community pool and spa access. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready residence in a highly accessible location.
Estimated Market Value
$220,892
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5081 Pioneer Avenue 204 Subject | $250,000* List Price | 2 | 2 | 1,105 | $200 | - |
A 5087 Eldora Avenue 3 Active | $228,000 List Price | 2 | 2 | 1,173 | $194 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1987, the property has undergone significant interior renovations within the last 5-15 years, featuring a modernized kitchen with stainless steel appliances, updated white cabinetry, and contemporary large-format tile flooring throughout, making it move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Judy & John L Goolsby Elementary School (9/10).
- Prime Central Location
Ideally situated in the Chinatown area, this property offers exceptional proximity to the Las Vegas Strip, Harry Reid International Airport, and Summerlin, all within a 15-minute drive.
- Generous Living Space
At over 1,100 square feet, this 2-bedroom unit provides a spacious and functional floor plan that is larger than many competing condominiums in this price range.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4564, other record lot size in square feet = 2500.
- Property Age
Built in 1987, the property may require updates to its original systems or interior finishes to meet the aesthetic and efficiency standards of modern buyers.
- Underperforming Local Schools
The majority of the closest assigned public schools, particularly at the middle and high school levels, have lower performance ratings, which may deter families.
About 5081 Pioneer Avenue 204
LOCATION, LOCATION, LOCATION! Spacious 2-bedroom, 2-bath condo offering over 1,100 sq. ft. in the Monterey Park community. Ideally situated in the Chinatown area just west of the North Decatur corridor, this home is tucked away from the traffic of Decatur while keeping you close to some of the best dining, shopping, entertainment and conveniences Las Vegas has to offer. Enjoy a highly central Las Vegas location with the world famous Las Vegas Strip approximately 4 miles away and about a 10 minute drive, Harry Reid International Airport approximately 7 miles away and about 15 minutes by car, and Summerlin approximately 8 miles west and generally about a 15 minute drive. Monterey Park offers mature landscaping and greenbelts along with a community pool, spa and clubhouse amenities. Enjoy easy access to Chinatown restaurants and shopping, the Strip, Summerlin, casinos, places of worship and everyday conveniences all while being nestled away from the main Decatur corridor. A great opportunity for a primary residence or second home that's centrally located in fabulous Las Vegas!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 4,564 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $180 / Month
Neighborhood Insights
Las Vegas Unified Schools
Elaine Wynn Elementary School
Grades PK-5 • 0.7 mi
3/10
Dr. C Owen Roundy Elementary School
Grades PK-5 • 0.9 mi
4/10
Joseph E Thiriot Elementary School
Grades PK-5 • 1.4 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,105 | 1,059.468 |
| Lot Size | 4,564 | 6,055.359 |
| Price | $250.0K | $225.8K |
| Price per sq ft | $226 | $213 |
| Built year | 1987 | 1996 |
| HOA | $180 | $254 |
| Days on market | 13 | 71 |
Pricing History
Listed for Sale
Aug 27, 2026
$250,000
Initial Listing
Sold
Mar 15, 1994
$75,000
Public Record