5118 S Jones Boulevard 206, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
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Las Vegas, NV 89118
This Updated Second-Floor Condominium represents a Prime Investment Opportunity with a List Price of $167,000—positioned well below the $170,942 Fair Market Value by 2%. This valuation gap provides $3,942 in Instant Equity. Boasting a Condition Rating of 3, the residence features a New AC System (2024), Granite Countertops, and Wood-Look Vinyl Flooring. Located minutes from the Las Vegas Strip and Allegiant Stadium, and served by the 6-rated Helen Jydstrup Elementary, it offers strong rental demand and lifestyle convenience. This asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a turnkey residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5118 S Jones Boulevard 206 Subject | $167,000* List Price | 1 | 1 | 668 | $256 | - |
A 5158 S Jones Boulevard 202 Sold | $179,900 List Price | 1 | 1 | 668 | 0.0 mi | |
B 5261 LINDELL Road 205 Sold | $165,000 | 1 | 1 | 680 | $243 | 0.4 mi |
C 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.9 mi |
D 5261 Lindell Road 205 Sold | $165,000 | 1 | 1 | 680 | $243 | 0.4 mi |
E 5261 LINDELL Road 205 Sold | $165,000 | 1 | 1 | 680 | $243 | 0.4 mi |
F 5055 W Hacienda Avenue 1046 Sold | $199,900 | 1 | 1 | 755 | $265 | 0.7 mi |
G 5158 S Jones Boulevard 201 Active | $188,000 List Price | 2 | 2 | 920 | $204 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several significant updates, including modern wood-look vinyl plank flooring throughout and granite countertops in both the kitchen and bathroom. A brand-new AC system was installed in August 2024, which is a major value-add for the Las Vegas climate. While the building was constructed in 1989 and some elements like the kitchen cabinetry and certain appliances appear older, the overall condition is well-maintained with no immediate repairs required.
The property is ideally situated minutes from the Las Vegas Strip, Allegiant Stadium, and major freeways, offering unparalleled access to world-class entertainment and easy commuting.
A new AC system installed in August 2024 provides immediate value and peace of mind, ensuring energy efficiency and reliability in the desert climate.
Located in a well-maintained gated community, the unit offers access to a pool, fitness center, and clubhouse, significantly enhancing its appeal for lifestyle-oriented buyers.
At 668 square feet, the compact one-bedroom layout may limit the potential buyer pool and offers restricted space for those requiring a home office or extra storage.
Constructed in 1989, the property may require more frequent maintenance of original infrastructure and common areas compared to newer condominium developments.
Step into comfort and convenience in this beautifully located condo, perfectly positioned near the community pool, this desirable unit sits within a well-maintained, gated community featuring resort-style amenities including a fitness center and clubhouse. Ideally located just minutes from the Las Vegas Strip, major freeways, and the new stadium, offering unbeatable access to entertainment, dining, and commuting routes. Inside, enjoy elevated ceilings that enhance the open feel, along with a private balcony overlooking the pool. This beautifully updated unit also has newer AC, installed in August 2024. Tucked away for added privacy and quiet living, this home offers the perfect blend of relaxation and city convenience.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 28% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 668 | 1,035 | 9% |
| Lot Size | - | - | 50% |
| Price | $167.0K | $184.8K | 44% |
| Price per sq ft | $250 | $207 | 87% |
| Built year | 1989 | 1996 | 19% |
| HOA | $299 | $221 | 81% |
| Days on market | 9 | 895 | 1% |
Apr 13, 2026
$167,000
Initial Listing