5131 Lindell Road 102, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This ground-floor condo represents a High-Potential Investment Opportunity with a List Price of $200,000—positioned well below the $266,185 Fair Market Value by 24%. This significant valuation gap provides $66,185 in Instant Equity for buyers ready to address the Fair Condition Rating through cosmetic updates. Featuring a private patio and strategic proximity to the Las Vegas Strip and Helen Jydstrup Elementary, the asset offers strong rental demand. It is a high-yield acquisition perfectly suited for Buy-and-Hold Investors or first-time buyers looking to force appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5131 Lindell Road 102 Subject | $200,000* List Price | 2 | 2 | 965 | $276 | - |
A 5161 LINDELL Road 201 Sold | $201,000 | 2 | 2 | 965 | $208 | 0.0 mi |
B 5161 Lindell Road 206 Sold | $215,000 List Price | 2 | 2 | 965 | 0.0 mi | |
C 5225 W Reno Avenue 215 Sold | $258,000 | 2 | 2 | 1,070 | $241 | 0.2 mi |
D 5225 W Reno Avenue 215 Sold | $258,000 | 2 | 2 | 1,070 | $241 | 0.2 mi |
E 5131 Lindell Road 106 Sold | $176,500 | 2 | 2 | 965 | $183 | - |
F 5221 Lindell Road 206 Active | $189,999 List Price | 2 | 2 | 965 | $197 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992, this property is over 30 years old and retains many dated features, including classic white appliances and basic cabinetry. While the interior features low-maintenance tile and laminate flooring, the listing explicitly states the home requires 'TLC' and a 'refresh' to compete with modern standards, fitting the criteria for a functional but outdated home needing minor updates.
Located just miles from the Las Vegas Strip, this condo offers residents quick access to premier shopping, dining, and entertainment in a high-demand corridor.
The ground-floor unit features a practical layout with low-maintenance tile and wood-like laminate flooring, plus a private patio for outdoor living.
As a property requiring some TLC, it serves as an ideal entry-point for investors or buyers looking to add value through personalized renovations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8014, other record lot size in square feet = 2500.
The property is noted to need 'TLC,' suggesting that the buyer should budget for immediate maintenance and cosmetic updates upon possession.
Built in 1992 and featuring classic white appliances, the unit lacks modern upgrades and will require a refresh to compete with renovated properties.
This two-bedroom, two-bathroom ground-floor condo offers a prime location just miles from the Las Vegas Strip, placing you minutes from world-class shopping, dining, and entertainment. The unit features a durable stucco exterior and the convenience of a covered parking spot. Inside, the layout is finished with low-maintenance tile and wood-like laminate flooring throughout, complemented by a kitchen with classic white appliances. A sliding glass door off the living room leads to a private small patio, perfect for morning coffee. While the property requires some TLC, it represents a fantastic opportunity for an investor or a buyer looking to customize a home in a high-demand area.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 965 | 1,034 | 43% |
| Lot Size | 8,014 | - | 78% |
| Price | $200.0K | $184.5K | 58% |
| Price per sq ft | $207 | $205 | 52% |
| Built year | 1992 | 1996 | 31% |
| HOA | $2364 | $220 | 98% |
| Days on market | 34 | 986 | 2% |
Mar 19, 2026
$200,000
Initial Listing