5155 West Tropicana Avenue 1128, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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5155 West Tropicana Avenue 1128
Las Vegas, NV 89103
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,063Sq Ft
4,682Lot Size
Property Price
LIST PRICE$232,500
EST. MARKET VALUE
$209,346
11% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $232,500—positioned well above the $209,346 Fair Market Value by -11%. While the unit requires modernization to address its Condition Rating of 5, the 1,063 sq. ft. floor plan and gated community location offer a stable foundation for value-add renovations. Featuring a private patio and pool-adjacent positioning, this asset is well-suited for Buy-and-Hold Investors or first-time buyers seeking a project to build long-term equity through cosmetic updates.
Estimated Market Value
$209,346
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5155 West Tropicana Avenue 1128 Subject 2 bd · 2 ba · 1,063 sqft · $197 | $232,500* List Price | 2 | 2 | 1,063 | $197 | - |
A 5415 West Harmon Avenue 1081 Sold 2 bd · 2 ba · 1,204 sqft · $212 · 0.6 mi | $255,000 | 2 | 2 | 1,204 | $212 | 0.6 mi |
B 5404 River Glen Drive 361 Sold 2 bd · 2 ba · 978 sqft · $183 · 0.9 mi | $178,500 | 2 | 2 | 978 | $183 | 0.9 mi |
C 5267 Lisagayle Court 136 Sold 2 bd · 2 ba · 1,080 sqft · $203 · 0.5 mi | $219,000 | 2 | 2 | 1,080 | $203 | 0.5 mi |
D 5155 West Tropicana Avenue 1154 Active 2 bd · 2 ba · 1,183 sqft · $211 · 0.0 mi | $250,000 List Price | 2 | 2 | 1,183 | $211 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property is 31 years old (built 1995) and features original 1990s finishes, including tiled bathroom countertops and oak cabinetry. While the unit is well-maintained, the age of the HVAC system and interior components exceeds the 30-year threshold for major updates and rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Community Location
Situated within a secure gated community, this unit is ideally positioned adjacent to the south pool, offering immediate access to resort-style amenities and lush common areas.
- Functional Living Design
The 1,063 sq. ft. floor plan features a seamless flow between living and dining areas, complemented by the convenience of in-unit laundry and assigned covered parking.
- Accessible Price Point
Priced competitively at $232,500, this 2-bedroom, 2-bathroom condo offers an excellent entry-level opportunity for homeowners or investors in the Las Vegas market.
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.
- Extended Market Time
With 79 days on the market and three consecutive price reductions, the property has struggled to gain traction, suggesting potential buyer hesitation at previous price points.
- 1990s Era Construction
Built in 1995, the property may require modern aesthetic upgrades to kitchens or bathrooms to align with current buyer preferences for contemporary finishes.
About 5155 West Tropicana Avenue 1128
Welcome home to 5155 West Tropicana #1128! This beautifully maintained 2-bedroom, 2-bathroom residence offers comfortable, low-maintenance living with a thoughtfully designed floor plan. The spacious living room flows seamlessly into a dedicated dining area, creating an inviting space for both everyday living and entertaining. Both bedrooms offer privacy and comfort, while two full bathrooms provide added convenience. In-unit laundry makes everyday living even easier, and assigned covered parking plus ample guest parking add to the convenience. Located in a gated community, residents enjoy access to multiple pools and inviting grassy common areas. Ideally positioned adjacent to the south pool, this home puts relaxation just steps from your door. With its comfortable interior, desirable amenities, and convenient Las Vegas location, this is an excellent opportunity to enjoy easy living in a welcoming community.
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,063 | 1,048.989 |
| Lot Size | 4,682 | 5,669.706 |
| Price | $232.5K | $221.6K |
| Price per sq ft | $219 | $210 |
| Built year | 1995 | 1996 |
| HOA | $200 | $254 |
| Days on market | 102 | 70 |
Pricing History
Listed for Sale
Sep 30, 2026
$232,500
$239,999
-3% Price Drop
Initial Listing
Price Change
Aug 27, 2026
$239,999
$240,000
+0% Price Increase
Initial Listing
Price Change
Jul 14, 2026
$240,000
Initial Listing
Sold
Nov 16, 1995
$84,000
Public Record