5116 Gray Lane G, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
5116 Gray Lane G
Las Vegas, NV 89119
Property Price
SUMMARY
Analysis of 5116 Gray Lane G, Las Vegas, NV 89119 is currently available with a list price of $239,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Although built in 1977, the property has undergone an extensive recent remodel that meets current quality standards. The interior features a modern kitchen with new white shaker-style cabinetry, stone countertops, and stainless steel appliances. The home includes new luxury vinyl plank flooring in common areas, fresh neutral paint, updated bathrooms with modern vanities and fixtures, and new ceiling fans and lighting throughout, leaving no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
The property is ideally situated near UNLV, Harry Reid International Airport, and major shopping and entertainment hubs, offering exceptional convenience for professionals and students alike.
- Turnkey Remodeled Condition
This townhome features a newly remodeled interior, providing a modern aesthetic and move-in-ready convenience that eliminates the need for immediate renovation capital.
- Enhanced Security and Amenities
Located within a guard-gated community, the property offers a higher level of security and privacy, along with access to desirable community features like a pool and clubhouse.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4293, other record lot size in square feet = 484.
- Aging Infrastructure
With an original build date of 1977, the property may have older underlying mechanical or structural systems that could require more maintenance than newer constructions.
- Low School Ratings
The assigned public schools for this address have low performance ratings, which may be a concern for families with children and could impact long-term resale value.
About 5116 Gray Lane G
Centrally located! Newly remodeled 2 bedroom with 2 bath townhome with attached 1 car garage. Close to airport, UNLV, shopping and entertainment! Guard Gated community! Community with pool and clubhouse!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1977
- Lot Size
- 4,293 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $240 / Month
Neighborhood Insights
Las Vegas Unified Schools
Gene Ward Elementary School
Grades PK-5 • 0.6 mi
Jack Dailey Elementary School
Grades PK-5 • 0.9 mi
Helen C Cannon Junior High School
Grades 6-8 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,070 | 1,405 | 24% |
| Lot Size | 4,293 | 1,742 | 71% |
| Price | $239.9K | $195.0K | 65% |
| Price per sq ft | $224 | $147 | 82% |
| Built year | 1977 | 1980 | 35% |
| HOA | $240 | $170 | 59% |
| Days on market | 44 | 863 | 6% |
Pricing History
Listed for Sale
Jan 22, 2026
$239,900
Initial Listing