5155 West Tropicana Avenue 2087, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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Las Vegas, NV 89103
This High-Potential Investment Opportunity is listed at $238,999, positioned above the $212,101 Fair Market Value. While the property requires a strategic approach, its Fair Condition Rating and original 1998 finishes provide a blank canvas for cosmetic upgrades to drive future appreciation. The unit features a functional open floor plan, vaulted ceilings, and a private balcony, situated in a secure, gated Spring Valley community. This asset is well-suited for Buy-and-Hold Investors or first-time buyers looking to build equity through personalized renovations in a high-demand location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5155 West Tropicana Avenue 2087 Subject | $238,999* List Price | 2 | 2 | 1,063 | $200 | - |
A 5155 W Tropicana Avenue 2140 Sold | $240,000 | 2 | 2 | 1,063 | $226 | 0.1 mi |
B 4972 River Glen Drive 173 Sold | $180,000 | 2 | 2 | 978 | $184 | 1.0 mi |
C 5155 W Tropicana Avenue 1095 Active | $230,000 List Price | 2 | 2 | 1,183 | $194 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this 28-year-old condo is well-maintained but entirely original. The kitchen and bathrooms feature dated oak cabinetry, white tile countertops, and older appliances. While the unit is clean and functional, it falls into the 'Fair' category due to its age and the need for cosmetic updates to modern standards.
The property is situated in a highly desirable area with convenient access to shopping, dining, and major freeways, offering strong appeal for both owner-occupants and investors.
The second-floor unit boasts vaulted ceilings and an open floor plan that maximizes natural light, creating a sense of volume and airiness that exceeds its 1,063 square footage.
Located within a gated community, the residence provides an added layer of privacy and security, which is a significant value-add in the Las Vegas condominium market.
Being located on the second floor may limit the property's appeal to buyers with mobility concerns or those specifically seeking ground-level convenience.
While well-maintained and move-in ready, the property likely requires cosmetic updates to its original finishes to meet modern aesthetic standards and maximize future resale value.
Welcome to this clean, move in ready 2 bed 2 bath condo in a gated community located in a convenient Spring Valley location! Situated on the second floor, this spacious home features vaulted ceilings, an open floor plan, abundant natural light, and a private balcony perfect for relaxing. Well cared for, this home offers a fantastic opportunity for a buyer to move right in and update at their own pace. The spacious primary suite includes a walk-in closet and private bath, while the functional layout provides comfort and flexibility for every day living. Conveniently located near shopping, dining, entertainment, and major freeway access, this condo offers exceptional value for first time buyers, downsizers, or investors looking for a well-kept home in a desirable location.
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 | 1,063 | - |
| Lot Size | 2,304 | - |
| Price | $239.0K | $217.2K |
| Price per sq ft | $225 | $219 |
| Built year | 1998 | 0 |
| HOA | $202 | $0 |
| Days on market | 47 | 828 |
Jun 5, 2026
$238,999
Initial Listing