5155 W Tropicana Avenue 1128, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
5155 W Tropicana Avenue 1128
Las Vegas, NV 89103
Property Price
SUMMARY
Analysis of 5155 W Tropicana Avenue 1128, Las Vegas, NV 89103 is currently available with a list price of $240,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1995, the property is well-maintained and functional but remains largely in its original state. The kitchen features dated oak-style cabinetry and older white appliances, while the bathrooms and flooring (carpet/linoleum) show signs of age. It meets the 'fair' criteria as an aged home that is habitable but requires cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Viability
The property currently performs at an attractive 5.5% cap rate with the flexibility to be delivered vacant or with a tenant in place, making it a turnkey opportunity for investors.
- Competitive Pricing
Positioned as the best-priced unit within the gated West Tropicana Condos, this property offers high value for a two-bedroom, two-bathroom layout in a desirable Las Vegas location.
- Prime Community Location
Ideally situated near the south pool within a gated community, the unit benefits from easy access to amenities, assigned covered parking, and well-maintained common areas.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4682, other record lot size in square feet = 2304.
- Dated Interior Potential
Built in 1995 and noted for its renovation potential, the unit likely requires cosmetic updates or modern upgrades to compete with newer luxury developments in the area.
- HOA Regulations
As a condominium in a gated community, the property is subject to monthly association fees and CC&R restrictions, which may limit certain owner modifications and involve shared-wall living.
About 5155 W Tropicana Avenue 1128
Unit #1128 at 5155 Tropicana is well-maintained and the best-priced opportunity within the gated West Tropicana Condos. The community offers pools and grassy common areas. #1128 is ideally located near the south pool, the interior features a spacious living room with a dedicated dining area, two separate bedrooms, two full bathrooms, and in-unit laundry. The property includes assigned covered parking and ample guest parking. Currently tenant-occupied and performing at an attractive 5.5% cap rate, the unit can be delivered vacant or with the tenant in place, providing flexibility for investors or owner-occupants. The property has been well cared for and offers excellent potential for future updates or renovations.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1995
- Lot Size
- 4,682 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,063 | 884 | 78% |
| Lot Size | 4,682 | 700 | 79% |
| Price | $240.0K | $157.0K | 88% |
| Price per sq ft | $226 | $197 | 82% |
| Built year | 1995 | 1984 | 82% |
| HOA | $200 | $195 | 50% |
| Days on market | 54 | 655 | 1% |
Pricing History
Listed for Sale
Jan 12, 2026
$240,000
Initial Listing
Sold
Nov 16, 1995
$84,000
Public Record