5110 Carmel Avenue, Las Vegas, NV 89122, Las Vegas, 89122 - 3 bed, 2 bath
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Las Vegas, NV 89122
This Value-Add Residential Asset is a dedicated "Investor Special" listed at $375,000 in an up-and-coming Las Vegas neighborhood. Positioned near the $349,666 Fair Market Value, the property’s 6,000 sq ft Corner Lot and No HOA Fees offer a unique canvas for forced appreciation through strategic upgrades. Holding a Condition Rating of 5, the home requires a comprehensive rehabilitation to reach its peak valuation. Featuring a 3-bedroom layout and expansive backyard near Francis H. Cortney Junior High, this project is a strategic acquisition for Fix-and-Flip Investors or Contractors ready to execute a full-scale renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5110 Carmel Avenue Subject | $375,000* List Price | 3 | 2 | 1,188 | $294 | - |
A 4990 Denning Street Sold | $360,000 | 3 | 2 | 1,200 | $300 | 0.4 mi |
B 4990 Denning Street Sold | $360,000 | 3 | 2 | 1,200 | $300 | 0.4 mi |
C 5437 Morris Street Sold | $352,000 | 3 | 2 | 1,168 | $301 | 0.5 mi |
D 5054 Brownwood Avenue Sold | $323,000 | 2 | 2 | 1,014 | $319 | 0.1 mi |
E 5457 Tunis Avenue Sold | $379,000 | 3 | 2 | 1,081 | $351 | 0.6 mi |
F 5200 Blanton Drive Sold | $358,000 | 3 | 2 | 984 | $364 | 0.4 mi |
G 5284 Wellesley Avenue Active | $449,900 List Price | 3 | 2 | 1,441 | $312 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1974-built property is explicitly marketed as an 'Investor Special' and requires a full renovation. Exterior images show boarded-up windows and significant neglect, and the listing description confirms it needs substantial rehabilitation and capital investment to be brought up to modern living standards.
Situated on a 6,000 sqft corner lot, the property offers a spacious backyard and enhanced privacy, providing significant potential for outdoor customization or expansion.
With zero association fees, owners benefit from lower monthly carrying costs and greater freedom from the restrictive regulations often found in Las Vegas communities.
Marketed as an investor special in an up-and-coming area, this home presents a prime value-add opportunity to build substantial equity through strategic renovations.
The property is priced to reflect its current condition, requiring a full renovation and additional capital investment to bring it up to modern market standards.
The local public schools are rated poorly (2-3 out of 10), which may limit the property's appeal to families prioritizing high-performing educational districts.
INVESTOR OPPORTUNITY – INVESTOR SPECIAL! Don’t miss this incredible value-add opportunity situated on a 6,000 sq ft corner lot! This 3-bedroom, 2 bath home with an attached garage offers a spacious layout and a large backyard with endless potential. Located in an up-and-coming neighborhood with strong comparable sales, this property is ideal for investors, flippers, or buyers looking to build equity. Conveniently located close to a local library and near shopping, schools, and major roadways. With vision and renovation, this property has the potential to shine. Priced to reflect condition – opportunity is knocking!
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,188 | 1,528 | 12% |
| Lot Size | 6,098 | 4,792 | 62% |
| Price | $375.0K | $349.9K | 61% |
| Price per sq ft | $316 | $217 | 97% |
| Built year | 1974 | 2005 | 13% |
| HOA | $0 | $56 | 44% |
| Days on market | 24 | 1001 | 0% |
Mar 29, 2026
$375,000
Initial Listing