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: FAIR
2Beds
2Baths
1,063Sq Ft
4,682Lot Size
Property Price
LIST PRICE$239,999
EST. MARKET VALUE
$215,104
11% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $240,000—positioned above the $219,719 Fair Market Value. While the unit requires cosmetic updates due to its Fair Condition Rating, it offers a proven rental history of $1,500 per month and a projected 5.3% cap rate. Featuring a functional 2-bedroom layout, in-unit laundry, and immediate access to the community pool, this asset provides a stable foundation for value-add improvements. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-located Las Vegas residence.
Estimated Market Value
$215,104
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 | $239,999* List Price | 2 | 2 | 1,063 | $202 | - |
A 5267 Lisagayle Court 136 Sold | $219,000 | 2 | 2 | 1,080 | $203 | 0.5 mi |
B 5404 River Glen Drive 361 Sold | $178,500 | 2 | 2 | 978 | $183 | 0.9 mi |
C 5221 River Glen Drive 195 Sold | $180,000 | 2 | 2 | 978 | $184 | 0.9 mi |
D 5155 West Tropicana Avenue 1154 Active | $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
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1995 (29 years old) with mostly original finishes. The bathroom shows dated oak cabinetry and tile countertops typical of the construction era. While functional and well-maintained for a rental, the unit requires cosmetic updates and shows an aging HVAC system.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Investment Potential
With a projected 5.3% cap rate and a proven rental history of $1,500 per month, this property represents a solid opportunity for investors looking for immediate cash flow in a desirable location.
- Prime Community Location
The unit is ideally positioned adjacent to the south pool within a gated community, offering residents easy access to premium amenities and well-maintained green spaces.
- Functional Living Features
The spacious 2-bedroom, 2-bathroom layout includes essential modern conveniences such as in-unit laundry and assigned covered parking, enhancing its appeal for both owners and tenants.
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.
- Aging Construction
Built in 1995, the property may require upcoming maintenance or cosmetic updates to compete with newer condominium developments in the Las Vegas market.
- Potential for Noise
The unit's proximity to the community pool and guest parking areas may lead to higher ambient noise levels and reduced privacy during peak usage times.
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 | 1,059.468 |
| Lot Size | 4,682 | 6,055.359 |
| Price | $240.0K | $225.8K |
| Price per sq ft | $226 | $213 |
| Built year | 1995 | 1996 |
| HOA | $200 | $254 |
| Days on market | 57 | 71 |
Pricing History
Listed for Sale
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