5175 Caliente Street 122, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
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5175 Caliente Street 122
Las Vegas, NV 89119
ACTIVE
CONDITION: FAIR
2Beds
2Baths
994Sq Ft
2,942Lot Size
Property Price
LIST PRICE$159,000
EST. MARKET VALUE
$169,172
6% BelowMARKET VALUE
SUMMARY
This 2-bedroom condominium represents a Strong Value Opportunity, listed at $159,000—positioned well below the $169,172 Fair Market Value by 6%. This valuation gap provides $10,172 in Instant Equity for the buyer. With a Condition Rating of 4, the unit features recent flooring upgrades and access to a pool, spa, and patio. Its proximity to UNLV and the airport ensures consistent rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic entry point.
Estimated Market Value
$169,172+$10,172 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 |
|---|---|---|---|---|---|---|
★ 5175 Caliente Street 122 Subject | $159,000* List Price | 2 | 2 | 994 | $170 | - |
A 1751 East Reno Avenue 105 Sold | $180,000 | 2 | 2 | 1,164 | $155 | 0.1 mi |
B 1452 Dorothy Avenue 2 Sold | $170,000 | 2 | 1 | 880 | $193 | 0.6 mi |
C 1454 Elizabeth Avenue 3 Sold | $205,000 | 2 | 2 | 1,152 | $178 | 0.5 mi |
D 1404 Santa Anita Drive B Sold | $199,000 | 2 | 3 | 1,114 | $179 | 0.7 mi |
E 1675 Jupiter Court C Sold | $154,900 List Price | 2 | 2 | 980 | 0.8 mi | |
F 5171 Caliente Street 131 Pending | $169,900 List Price | 2 | 2 | 994 | $171 | 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 1984 (40 years old), the property shows signs of age with only minor cosmetic updates like new flooring in select rooms. The kitchen is dated with painted original cabinetry, laminate countertops, and a mix of older white and newer stainless appliances, fitting the criteria for a property over 20 years old that requires further modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
The property is strategically located near UNLV, Harry Reid International Airport, and the Las Vegas Strip, making it highly attractive for students, airport personnel, and hospitality workers.
- Investment Potential
With a competitive list price of $159,000 for a 2-bedroom, 2-bathroom configuration, this unit offers a low-barrier entry point for first-time buyers or investors seeking rental income.
- Recent Interior Upgrades
The inclusion of new flooring in the living room and bedrooms provides an immediate aesthetic refresh and reduces the initial capital expenditure for a new owner.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2942, other record lot size in square feet = 2209.
- Property Age
Built in 1984, the unit and its underlying systems may require more frequent maintenance or updates compared to newer residential developments in the area.
- Recurring HOA Costs
The $260 monthly association fee represents a significant recurring expense that impacts the overall monthly carrying cost and net yield for investors.
About 5175 Caliente Street 122
GREAT 2 BEDROON CONDO LOCATED NEAR UNLV AND HARRY REID AIRPORT ALSO VERY CLOSE TO THE STRIP. NEW FLOORING IN BEDROOM AND LIVING ROOM. GREAT STARTER OR RENTAL INVESTMENT.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 2,942 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $260 / 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 | 994 | 1,059.468 |
| Lot Size | 2,942 | 6,055.359 |
| Price | $159.0K | $225.8K |
| Price per sq ft | $160 | $213 |
| Built year | 1984 | 1996 |
| HOA | $260 | $254 |
| Days on market | 8 | 71 |
Pricing History
Listed for Sale
Sep 1, 2026
$159,000
Initial Listing