5160 Indian River Drive 348, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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Las Vegas, NV 89103
This property presents a High-Potential Investment Opportunity with a List Price of $149,999—positioned well below the $141,389 Fair Market Value by -6%. Featuring a Condition Rating of 5, this unit requires a full interior rehab to modernize its 1982 infrastructure. The guard-gated complex offers premium amenities including a community pool, tennis courts, and gym. Located minutes from the Las Vegas Strip, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a high-demand rental location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5160 Indian River Drive 348 Subject | $149,999* List Price | 1 | 1 | 700 | $202 | - |
A 5160 Indian River Drive 345 Sold | $140,000 | 1 | 1 | 700 | $200 | 0.0 mi |
B 5350 River Glen Drive 298 Sold | $130,000 | 1 | 1 | 700 | $186 | 0.1 mi |
C 5061 River Glen Drive 75 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.1 mi |
D 5314 River Glen Drive 291 Sold | $144,888 List Price | 1 | 1 | 700 | 0.1 mi | |
E 5286 River Glen Drive 428 Sold | $155,000 List Price | 1 | 1 | 700 | 0.1 mi | |
F 5061 River Glen Drive 75 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.1 mi |
G 5185 Indian River Drive 225 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.1 mi |
H 4960 INDIAN RIVER Drive 468 Sold | $163,000 | 2 | 1 | 816 | $200 | 0.2 mi |
I 5160 Indian River Drive 346 Active | $143,000 List Price | 1 | 1 | 700 | $204 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1982 (44 years old) and the listing lacks any mention of recent renovations to the kitchen, bathroom, or major systems. Based on the age-specific criteria of >30 years without significant updates, the unit likely requires a full rehab to address dated interiors and aging infrastructure.
Ideally situated just minutes from the Las Vegas Strip, this property offers exceptional proximity to world-class entertainment, dining, and major employment hubs.
The guard-gated complex provides high-level security and premium lifestyle features, including a refreshing pool, tennis courts, a gym, and a clubhouse.
Priced competitively under $150,000, this well-maintained unit represents an affordable entry point into the Las Vegas market with high appeal for renters or first-time buyers.
Built in 1982, the property may require modern cosmetic updates or face higher long-term maintenance needs compared to newer condominium developments.
The assigned middle and high schools carry lower performance ratings, which could potentially limit the property's appeal to education-focused buyers and impact long-term appreciation.
Discover an exceptional living experience within this well maintained condo complex, ideally situated for optimal convenience, minutes from the Strip. Residents will appreciate the refreshing community pool, providing a perfect oasis for relaxation and recreation. Comprising one spacious bedroom and a full bathroom, this is a 700 square foot unit with a nice balcony. The complex is guard gated and features tennis courts, gym and clubhouse.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 1.1 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 700 | - |
| Lot Size | - | - |
| Price | $150.0K | $217.2K |
| Price per sq ft | $214 | $219 |
| Built year | 1982 | 0 |
| HOA | $242 | $0 |
| Days on market | 14 | 828 |
Jul 8, 2026
$149,999
Initial Listing