5116 Golden Lane A, Las Vegas, NV 89119, Las Vegas, 89119 - 3 bed, 2 bath
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5116 Golden Lane A
Las Vegas, NV 89119
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,196Sq Ft
4,964Lot Size
Property Price
LIST PRICE$175,000
EST. MARKET VALUE
$186,079
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $175,000—positioned well below the $186,080 Fair Market Value by 5%. This valuation gap offers $11,080 in Instant Equity. Featuring a Condition Rating of 4, the unit requires modernization to maximize rental yields. Its strategic location near the Strip and airport, combined with Pool and Spa access, makes it a high-demand Buy-and-Hold Investor asset, ideal for long-term rental investors seeking a central Las Vegas hub.
Estimated Market Value
$186,079+$11,079 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 5116 Golden Lane A Subject | $175,000* List Price | 3 | 2 | 1,196 | $156 | - |
A 1454 Elizabeth Avenue 3 Sold | $205,000 | 2 | 2 | 1,152 | $178 | 0.5 mi |
B 1404 Santa Anita Drive B Sold | $199,000 | 2 | 3 | 1,114 | $179 | 0.6 mi |
C 1751 East Reno Avenue 105 Sold | $180,000 | 2 | 2 | 1,164 | $155 | 0.5 mi |
D 1675 Jupiter Court C Sold | $154,900 List Price | 2 | 2 | 980 | 0.9 mi | |
E 1729 Jupiter Court B Sold | $170,000 | 2 | 2 | 980 | $173 | 0.9 mi |
F 5196 Golden Lane K Pending | $125,000 List Price | 2 | 2 | 1,070 | $117 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1977, this property is nearly 50 years old. While it features some functional updates like tile flooring and a refreshed bathroom vanity, the overall aesthetic is dated. The 'as-is' sale condition and age suggest it requires minor repairs and modernization to be fully competitive.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Strategic Location
The property is exceptionally located minutes from Harry Reid International Airport, UNLV, the Las Vegas Strip, and Allegiant Stadium, making it a high-demand area for renters and commuters.
- Ground Floor Accessibility
Featuring a rare three-bedroom layout on the ground floor, this unit offers superior accessibility and appeals to a wider demographic of tenants compared to upper-level units.
- Strong Investment Value
Priced competitively at $175,000 and delivered vacant, this property represents an excellent entry-level opportunity for investors seeking a long-term rental in a central Las Vegas hub.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4964, other record lot size in square feet = 5779.
- As-Is Condition
The property is sold in as-is condition and dates back to 1977, indicating that immediate capital investment may be necessary for modernizing the interior or addressing deferred maintenance.
- Underperforming School District
The assigned public schools, including Gene Ward Elementary and Del Sol High School, have low performance ratings, which could deter families and limit the long-term appreciation potential.
About 5116 Golden Lane A
Ground floor accessibility defines the entrance to this three-bedroom, two-bathroom condominium. Tranquil community amenities enhance the residential setting, offering access to a pool, spa, and roving security. This location provides convenient proximity for travel and entertainment. The property is situated minutes away from the airport, airport car rentals, UNLV, the Las Vegas strip, and Allegiant stadium, serving as a long-term rental investment option. Owner had reduced the price, price is to sell as-is.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- 4,964 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $269 / Month
Neighborhood Insights
Las Vegas Unified Schools
Gene Ward Elementary School
Grades PK-5 • 0.5 mi
2/10
Jack Dailey Elementary School
Grades PK-5 • 0.8 mi
6/10
Helen C Cannon Junior High School
Grades 6-8 • 1.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,196 | 1,059.468 |
| Lot Size | 4,964 | 6,055.359 |
| Price | $175.0K | $225.8K |
| Price per sq ft | $146 | $213 |
| Built year | 1977 | 1996 |
| HOA | $269 | $254 |
| Days on market | 25 | 71 |
Pricing History
Listed for Sale
Aug 15, 2026
$175,000
Initial Listing
Sold
Sep 14, 1998
$160,000
Public Record