5158 S Jones Boulevard 201, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This renovated upstairs condo is a High-Potential Investment Opportunity with a List Price of $188,000—positioned well below the $217,571 Fair Market Value by 13%. This valuation gap offers $29,571 in Instant Equity. The property maintains a Condition Rating of 3, featuring renovated bathrooms, vaulted ceilings, and a split-bedroom floor plan. Zoned for Helen Jydstrup Elementary, Grant Sawyer Middle, and Durango High, this unit benefits from recently reduced HOA dues of $299/month, making it ideal for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5158 S Jones Boulevard 201 Subject | $188,000* List Price | 2 | 2 | 920 | $236 | - |
A 5131 Lindell Road 106 Sold | $176,500 | 2 | 2 | 965 | $183 | 0.4 mi |
B 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 1.0 mi |
C 5161 LINDELL Road 201 Sold | $201,000 | 2 | 2 | 965 | $208 | 0.3 mi |
D 5016 S Rainbow Boulevard 106 Sold | $210,000 List Price | 1 | 1 | 841 | 1.0 mi | |
E 5161 Lindell Road 206 Sold | $215,000 List Price | 2 | 2 | 965 | 0.3 mi | |
F 5170 S Jones Boulevard 108 Active | $195,000 List Price | 2 | 2 | 920 | $212 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and benefits from recent cosmetic updates including fresh interior paint, new flooring, and renovated bathrooms with stone countertops. While the listing describes it as fully renovated, the kitchen retains older white appliances and shows some unfinished cabinetry work in the photos, which prevents an 'excellent' rating. The 1989 construction is well-maintained but reflects the architectural standards of its era.
The unit is fully renovated with brand-new bathrooms and fresh interior paint, offering a move-in-ready experience that minimizes immediate post-purchase capital expenditures.
As a second-floor unit, it benefits from higher vaulted ceilings and a split-bedroom floor plan, which maximizes natural light and provides excellent privacy for occupants.
The recent reduction of HOA dues to $299/month significantly enhances the property's monthly cash flow potential for investors and overall affordability for end-users.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7054, other record lot size in square feet = 2304.
Constructed in 1989, the community's exterior and common systems may require more frequent maintenance or future assessments compared to newer developments.
The assigned middle and high schools carry a rating of 4, which may limit the property's appeal to families specifically seeking high-performing educational districts.
Step into this fully renovated 2-bedroom, 2-bath upstairs condo located in a well-maintained gated community. This freshly updated unit features brand-new bathrooms, all-new interior paint, and a bright, open layout enhanced by the higher ceilings found only in second-floor units, allowing for more natural light and a spacious feel. The split-bedroom floor plan provides privacy, with each bedroom featuring a walk-in closet. The community offers two swimming pools, a clubhouse, and landscaped common areas. HOA dues have recently been reduced to $299/month, making this unit even more attractive for potential buyers. Conveniently located near shopping, dining, and freeway access.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.3 mi
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 | 920 | 1,034 | 31% |
| Lot Size | 7,054 | - | 75% |
| Price | $188.0K | $184.5K | 52% |
| Price per sq ft | $204 | $204 | 50% |
| Built year | 1989 | 1996 | 18% |
| HOA | $299 | $220 | 82% |
| Days on market | 65 | 986 | 5% |
Feb 16, 2026
$188,000
Initial Listing