5117 Greene Lane A, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
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5117 Greene Lane A
Las Vegas, NV 89119
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,070Sq Ft
4,189Lot Size
Property Price
LIST PRICE$156,000
EST. MARKET VALUE
$166,615
6% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $156,000—positioned well below the $166,615 Fair Market Value by 6%. This valuation gap offers $10,615 in Instant Equity for buyers. With a Fair Condition Rating and noted deferred maintenance, this asset requires a targeted renovation strategy to maximize rental yield. The community pool and functional layout provide solid fundamentals for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point into the Las Vegas market.
Estimated Market Value
$166,615+$10,615 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 |
|---|---|---|---|---|---|---|
★ 5117 Greene Lane A Subject | $156,000* List Price | 2 | 2 | 1,070 | $156 | - |
A 1404 Santa Anita Drive B Sold | $199,000 | 2 | 3 | 1,114 | $179 | 0.6 mi |
B 1751 East Reno Avenue 105 Sold | $180,000 | 2 | 2 | 1,164 | $155 | 0.5 mi |
C 1675 Jupiter Court C Sold | $154,900 List Price | 2 | 2 | 980 | 0.9 mi | |
D 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 and falls into the 'Fair' category as it is dated and requires minor repairs. While the kitchen has had a basic refresh with white cabinetry, the appliances (coil stove) are outdated. Notably, the bathroom features a broken toilet tank that requires immediate replacement, and the carpeting shows visible wear and staining.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Priced at $156,000, this property represents a highly accessible entry point for first-time buyers or investors looking for a high-yield rental opportunity in the Las Vegas market.
- Functional and Bright Layout
The 1,070-square-foot floor plan is well-optimized with a bright kitchen, breakfast bar, and sliding glass doors that maximize natural light and provide seamless indoor-outdoor flow.
- Desirable Community Amenities
The inclusion of a community swimming pool and low-maintenance landscaping offers significant lifestyle value and appeal for tenants in the warm Nevada climate.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4189, other record lot size in square feet = 484.
- Aging Infrastructure
Built in 1977, the property may require near-term capital expenditures for updates to major mechanical systems or cosmetic renovations to remain competitive with newer developments.
- Low School Ratings
The assigned elementary and high schools carry low performance ratings (2/10), which may deter families and potentially limit the pace of long-term capital appreciation.
About 5117 Greene Lane A
Welcome to 5117 Greene Lane #A! This 2-bedroom condo offers approximately 1,070 square feet of comfortable living space with a functional layout and plenty of natural light. The bright kitchen features white cabinetry, ample counter space, a breakfast bar, and an adjoining dining area with sliding glass doors providing access to the outdoor space. Neutral finishes throughout make this home easy to personalize, while the spacious bedrooms offer generous closet storage. Enjoy low-maintenance living along with access to the community swimming pool, perfect for cooling off during the warmer Las Vegas months. Conveniently located near shopping, dining, schools, and everyday amenities, this condo is a great opportunity for a primary residence or investment property.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- 4,189 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 • 1.6 mi
4/10
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 | 1,070 | 1,059.468 |
| Lot Size | 4,189 | 6,055.359 |
| Price | $156.0K | $225.8K |
| Price per sq ft | $146 | $213 |
| Built year | 1977 | 1996 |
| HOA | $269 | $254 |
| Days on market | 9 | 71 |
Pricing History
Listed for Sale
Aug 31, 2026
$156,000
Initial Listing