5155 West Tropicana Avenue 1154, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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Las Vegas, NV 89103
This Prime Investment Opportunity is a 2-bedroom condominium listed at $250,000, positioned slightly above the $241,506 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, it functions as a turnkey Buy-and-Hold Investor asset with a stable, month-to-month tenant currently paying $1,550. The unit features a functional first-floor layout, personal balcony, and access to community pools. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a central Las Vegas location with immediate rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5155 West Tropicana Avenue 1154 Subject | $250,000* List Price | 2 | 2 | 1,183 | $204 | - |
A 5155 W Tropicana Avenue 2140 Sold | $240,000 | 2 | 2 | 1,063 | $226 | 0.1 mi |
B 5415 W Harmon Avenue 1004 Sold | $265,000 | 2 | 2 | 1,204 | $220 | 0.7 mi |
C 5242 Osman Court 54 Sold | $255,520 List Price | 2 | 2 | 1,080 | 0.6 mi | |
D 5155 West Tropicana Avenue 1128 Active | $240,000 List Price | 2 | 2 | 1,063 | $226 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, this property is nearly 30 years old and retains its original oak cabinetry and white tile countertops in both the kitchen and bathrooms. While the unit is well-kept and features some updated vinyl plank flooring, the core finishes and appliances are dated and nearing the end of their functional lifespan, requiring modernization to meet current market standards.
The property is a turnkey investment with a tenant already in place paying $1,550 per month, offering immediate cash flow and the potential for a long-term lease agreement.
This first-floor unit features a highly functional open floor plan and durable tile/vinyl flooring, making it ideal for those seeking ease of access without stairs.
Located in a secure gated community, residents have access to multiple pools and lush common areas, providing a resort-style atmosphere at a competitive HOA price point.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7547, other record lot size in square feet = 2304.
Built in 1995, the unit may require upcoming capital improvements or modern cosmetic updates to remain competitive with newer condominium developments in the area.
While the unit includes a personal balcony, the outdoor living area is minimal, requiring residents to rely on shared community spaces for recreation.
Well kept 2 bedroom 2 full bath condo in gated community in central Las Vegas location * 1st floor unit with easy functional floorplan opening into living room and kitchen/dining combo * Tile and Vinyl flooring mix throughout, with personal balcony and appliances included with sale. * Community has multiple pools, grassy common areas and guest parking not far from the front door * Current tenant in place paying $1550 currently on month-to-month lease, willing to sign longer term lease if buyer is investor. * Come and see it today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,183 | - |
| Lot Size | 7,547 | - |
| Price | $250.0K | $217.2K |
| Price per sq ft | $211 | $219 |
| Built year | 1995 | 0 |
| HOA | $208 | $0 |
| Days on market | 20 | 828 |
Jul 2, 2026
$250,000
Initial Listing
May 3, 1995
$88,500
Public Record