5161 PIONEER Avenue 202, Las Vegas, NV 89146, Las Vegas, 89146 - 2 bed, 2 bath
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5161 PIONEER Avenue 202
Las Vegas, NV 89146
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,105Sq Ft
4,568Lot Size
Property Price
LIST PRICE$189,000
EST. MARKET VALUE
$185,702
SUMMARY
This condominium presents a High-Potential Investment Opportunity with a List Price of $189,000—positioned slightly above the $185,702 Fair Market Value. While the property requires renovation, its Condition Rating of 5 and functional 1,105-square-foot layout provide a clear path for value-add improvements. Featuring a park view and community pool access, the unit offers desirable lifestyle amenities. Located near James Cashman Middle School, this asset is well-suited for Buy-and-Hold Investors or first-time buyers capable of executing necessary TLC to build long-term equity.
Estimated Market Value
$185,702
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1987 (37 years old) with no evidence of recent renovations. Interior photos show significant wear including missing or damaged flooring, popcorn ceilings, and original dated bathroom fixtures. The listing explicitly mentions the need for TLC, indicating a requirement for rehabilitation rather than just minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Judy & John L Goolsby Elementary School (9/10).
- Value Proposition
Priced competitively at $189,000 with a seller explicitly open to reasonable offers, this property presents a strong opportunity for first-time buyers or investors.
- Outdoor Living & Views
The residence features a covered patio and a master balcony overlooking park greenery, providing a tranquil outdoor extension to the living space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4568, other record lot size in square feet = 2500.
- Deferred Maintenance
The unit is noted to require 'minor TLC,' suggesting immediate cosmetic or repair needs that buyers must factor into their initial investment.
- Property Age
Built in 1987, the condominium may feature aging systems or original finishes that lack the efficiency and aesthetic of modern developments.
About 5161 PIONEER Avenue 202
The comfort of a second-floor unit defines this condominium residence, presenting a serene living environment in Las Vegas. Inside, the residence features drywall construction, ceiling fan(s), and blinds. The living area spans 1105.0 square feet, offering a warm and inviting atmosphere. The unit includes two bedrooms and two full bathrooms, with the master bedroom featuring access to the balcony and the guest bedroom overlooking the greens. Outdoor living is highlighted by a covered patio, providing a tranquil spot to enjoy the surroundings. Residents also have access to a community pool, ideal for warm afternoons. Unit needs some minor TLC. Seller will entertain any reasonable offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 4,568 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $300 / Month
Neighborhood Insights
Las Vegas Unified Schools
Elaine Wynn Elementary School
Grades PK-5 • 0.8 mi
3/10
Dr. C Owen Roundy Elementary School
Grades PK-5 • 0.9 mi
4/10
Joseph E Thiriot Elementary School
Grades PK-5 • 1.4 mi
6/10
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 | 1,105 | 1,059.468 |
| Lot Size | 4,568 | 6,055.359 |
| Price | $189.0K | $225.8K |
| Price per sq ft | $171 | $213 |
| Built year | 1987 | 1996 |
| HOA | $300 | $254 |
| Days on market | 9 | 71 |
Pricing History
Listed for Sale
Aug 31, 2026
$189,000
Initial Listing