5155 W. Tropicana Avenue 2009, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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Las Vegas, NV 89103
This Value-Add Condominium is listed at $230,000, aligning closely with its $222,170 Fair Market Value. Featuring a Condition Rating of 4, the interior requires cosmetic modernization to reach its full potential, though it already offers newer laminate flooring and a balcony with partial skyline views. With a low $206 association fee and a prime Southwest location near the Strip, the property offers strong rental demand and long-term appreciation potential. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5155 W. Tropicana Avenue 2009 Subject | $230,000* List Price | 2 | 2 | 1,183 | $188 | - |
A 5415 W Harmon Avenue 2012 Sold | $260,000 | 2 | 2 | 1,204 | $216 | 0.6 mi |
B 4400 S Jones Boulevard 2034 Sold | $205,000 | 2 | 2 | 947 | $216 | 0.9 mi |
C 5415 W Harmon Avenue 1004 Sold | $265,000 | 2 | 2 | 1,204 | $220 | 0.6 mi |
D 5155 W Tropicana Avenue 2140 Sold | $240,000 | 2 | 2 | 1,063 | $226 | 0.1 mi |
E 5155 W Tropicana Avenue 2147 Sold | $239,900 List Price | 2 | 2 | 1,183 | 0.1 mi | |
F 5576 W Rochelle Avenue 30C Sold | $169,900 List Price | 2 | 2 | 1,058 | 0.9 mi | |
G 5155 W Tropicana Avenue 1170 Active | $249,500 List Price | 2 | 2 | 1,316 | $190 | 0.0 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 with original 90s-style bathroom tile and fixtures. While the living area has newer laminate flooring, the overall interior and 'as-is' status indicate a need for cosmetic updates and modernization of primary systems.
Situated in a highly convenient Southwest Las Vegas area, the property offers excellent proximity to the Strip, major transit routes, and local amenities.
Listed at $230,000 for nearly 1,200 square feet, this unit provides a strong price-per-square-foot value compared to similar 2-bedroom condos in the region.
With a monthly HOA fee of only $206 in a well-kept community, the property boasts lower-than-average carrying costs for the Las Vegas market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1220, other record lot size in square feet = 2304.
The property is being sold in as-is condition, which suggests the buyer may need to budget for immediate repairs or deferred maintenance.
Built in 1993, the unit likely requires cosmetic modernization and appliance upgrades to compete with newer or fully renovated developments nearby.
Convenient SW location, well kept community, competitively priced to sell. Property is being sold as-is.
No exterior & parking available.
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 | 1,183 | 884 | 89% |
| Lot Size | 1,220 | - | 61% |
| Price | $230.0K | $155.0K | 86% |
| Price per sq ft | $194 | $194 | 53% |
| Built year | 1993 | 1982 | 76% |
| HOA | $206 | $190 | 59% |
| Days on market | 50 | 1395 | 1% |
Apr 24, 2026
$230,000
Initial Listing
Jan 30, 1998
$85,000
Public Record