5163 Indian River Drive 199, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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5163 Indian River Drive 199
Las Vegas, NV 89103
ACTIVE
CONDITION: GOOD
1Beds
1Baths
700Sq Ft
0Lot Size
Property Price
LIST PRICE$139,990
EST. MARKET VALUE
$145,536
3% BelowMARKET VALUE
SUMMARY
This Prime Investment Opportunity is listed at $139,990, positioned well below the $144,141 Fair Market Value by 2%. This valuation gap provides $4,151 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes updated cabinetry and a private patio, offering a functional, move-in ready space. Located near Joseph E Thiriot Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable, centrally located urban residence.
Estimated Market Value
$145,536+$5,546 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 5163 Indian River Drive 199 Subject | $139,990* List Price | 1 | 1 | 700 | $208 | - |
A 5185 Indian River Drive 223 Sold | $150,000 | 1 | 1 | 700 | $214 | 0.0 mi |
B 5121 River Glen Drive 138 Sold | $165,000 | 2 | 1 | 816 | $202 | 0.1 mi |
C 5350 River Glen Drive 298 Sold | $130,000 | 1 | 1 | 700 | $186 | 0.3 mi |
D 4960 INDIAN RIVER Drive 468 Sold | $163,000 | 2 | 1 | 816 | $200 | 0.1 mi |
E 4310 SANDY RIVER Drive 47 Sold | $102,000 List Price | 1 | 1 | 700 | 0.2 mi | |
F 4400 Sandy River Drive 4 Sold | $143,000 | 1 | 1 | 700 | $204 | 0.2 mi |
G 4960 INDIAN RIVER Drive 468 Sold | $163,000 | 2 | 1 | 816 | $200 | 0.1 mi |
H 5185 Indian River Drive 227 Active | $159,900 List Price | 1 | 1 | 700 | $228 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1982, the property features a partial renovation likely completed within the last 5-15 years. The kitchen and bathroom have been updated with matching dark wood cabinetry and solid-surface countertops. While some elements like the vinyl flooring and coil-top stove are dated, the unit is well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Listed at $139,990, this property offers a highly competitive entry point into the Las Vegas market, making it an attractive option for first-time homebuyers or budget-conscious investors.
- Prime Urban Location
Situated in the 89103 zip code, the condominium provides excellent proximity to the Las Vegas Strip and local amenities, ideal for those seeking a vibrant, centrally located lifestyle.
- Private Outdoor Space
The inclusion of a private patio enhances the 700-square-foot living area, providing a rare personal outdoor retreat for relaxation and morning coffee within a condominium setting.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
With a construction date of 1982, the property may require updates to its original systems or cosmetic finishes to meet modern energy efficiency and design standards.
- Limited Living Flexibility
The compact 1-bedroom, 700-square-foot layout offers limited versatility for those needing a dedicated home office or additional space for guests.
About 5163 Indian River Drive 199
Discover a vibrant urban retreat where modern convenience meets comfortable living in the heart of Las Vegas. This charming condominium offers a perfect blend of style and practicality, ideal for those seeking an engaging lifestyle. The well-designed layout maximizes every square foot, providing an inviting atmosphere for daily living. A full bathroom and a comfortable bedroom create a private sanctuary. The living area spans 700 square feet, offering ample space for relaxation and entertaining. Step outside to enjoy the private patio, an ideal spot for morning coffee or evening unwinding. The residence is thoughtfully equipped with essential appliances, including a microwave, ensuring ease and efficiency in the kitchen. Situated in a dynamic neighborhood, this property offers excellent access to local amenities and the vibrant energy of Las Vegas, making it a truly desirable address for urban dwellers. This is a unique opportunity to embrace a fulfilling lifestyle in a prime location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $246 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 0.4 mi
6/10
Kenny C Guinn Middle School
Grades 6-8 • 1.2 mi
5/10
Grant Sawyer Middle School
Grades 6-8 • 1.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 700 | 1,059.468 |
| Lot Size | - | 6,055.359 |
| Price | $140.0K | $225.8K |
| Price per sq ft | $200 | $213 |
| Built year | 1982 | 1996 |
| HOA | $246 | $254 |
| Days on market | 61 | 71 |
Pricing History
Listed for Sale
Jul 10, 2026
$139,990
Initial Listing