5125 West Reno Avenue 1044, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
Loading property details...
Las Vegas, NV 89118
This High-Potential Investment Opportunity is listed at a List Price of $288,000, positioned well above the $239,607 Fair Market Value by -20%. While the property features a Condition Rating of 4 and requires modernization, the first-level accessibility and gated community amenities like the pool and spa provide solid rental appeal. With a split-bedroom floor plan and private patio, this unit offers functional living space. This asset is best suited for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a convenient location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5125 West Reno Avenue 1044 Subject | $279,000* List Price | 2 | 2 | 1,279 | $209 | - |
A 5125 W Reno Avenue 2076 Sold | $282,000 | 2 | 2 | 1,287 | $219 | 0.0 mi |
B 5000 Red Rock Street 241 Sold | $250,000 | 3 | 2 | 1,439 | $174 | 0.6 mi |
C 5055 W Hacienda Avenue 1101 Sold | $208,000 | 2 | 2 | 893 | $233 | 0.4 mi |
D 5055 W Hacienda Avenue 2104 Sold | $200,000 | 2 | 2 | 893 | $224 | 0.4 mi |
E 5225 W Reno Avenue 205 Pending | $215,000 List Price | 2 | 2 | 1,070 | $201 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1993 (31 years old), the property is dated despite cosmetic updates like painted cabinets. The kitchen retains older fluorescent lighting and non-stainless appliances, fitting the criteria for a home over 20 years old needing modern updates.
The unit is conveniently located on the first level, offering easy access and a desirable split-bedroom floor plan that provides enhanced privacy for the master suite.
The home features durable tile flooring throughout and a modernized kitchen with custom cabinetry and solid surface countertops, reducing the need for immediate renovations.
Residents benefit from a secure gated environment with access to a pool, spa, and clubhouse, all maintained within a competitive monthly association fee.
The assigned middle and high schools have lower ratings (4/10), which may impact the property's appeal to families with school-aged children.
Built in 1993, the property may require more frequent maintenance or updates to aging systems compared to newer developments in the Las Vegas area.
Beautiful 2 bedroom 2 bathroom condo on the first level in gated community. This home features tile flooring throughout home. Kitchen features breakfast bar, custom cabinets, and solid surface counters. Master bedroom separate from other with access to patio. Community features pool/spa, clubhouse, and outdoor picnic area. A must see!
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,279 | - |
| Lot Size | - | - |
| Price | $279.0K | $217.2K |
| Price per sq ft | $218 | $219 |
| Built year | 1993 | 0 |
| HOA | $262 | $0 |
| Days on market | 40 | 828 |
Jul 14, 2026
$279,000
$288,000
-3% Price Drop
Initial Listing
Jun 12, 2026
$288,000
Initial Listing