5198 Garden Lane D, Las Vegas, NV 89119, Las Vegas, 89119 - 1 bed, 1 bath
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Las Vegas, NV 89119
This Condominium represents a Strong Value Opportunity, listed at $137,000—positioned slightly above the $135,944 Fair Market Value. While the property lacks an equity gap, its Condition Rating of 3 reflects recent upgrades including new laminate flooring and stainless steel appliances. The inclusion of a detached garage and a private patio provides rare utility for this price point. Located in the 89119 zip code, it offers high rental demand near UNLV and the Strip. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready, low-maintenance residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5198 Garden Lane D Subject | $137,000* List Price | 1 | 1 | 702 | $194 | - |
A 1321 Lorilyn Avenue 1 Sold | $160,000 | 2 | 1 | 800 | $200 | 0.6 mi |
B 4955 Jeffreys Street 605 Sold | $125,000 | 2 | 2 | 640 | $195 | 0.9 mi |
C 1729 Jupiter Court B Sold | $170,000 | 2 | 2 | 980 | $173 | 1.0 mi |
D 1381 E University Avenue 202 Sold | $106,450 | 1 | 1 | 500 | $213 | 1.0 mi |
E 5196 Golden Lane L Active | $159,900 List Price | 1 | 1 | 716 | $223 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1977 build date, the interior has undergone significant recent renovations including new wood-look laminate flooring, updated stone countertops, a modern tile backsplash, and stainless steel appliances. The unit appears move-in ready and well-maintained, though some dated elements like popcorn ceilings and older wall heating units remain.
Listed at $137,000, this property represents an exceptionally affordable entry point into the Las Vegas real estate market, making it an attractive option for first-time buyers or savvy investors.
The inclusion of a detached garage is a significant value-add for a condominium of this size, providing rare secure parking and additional storage space that many competing units lack.
Situated in the 89119 zip code, the property offers unparalleled proximity to the Las Vegas Strip, UNLV, and Harry Reid International Airport, ensuring high rental demand and convenience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =702, other record lot size in square feet = 432.
Built in 1977, the property may require updates to major mechanical systems or cosmetic renovations to meet modern aesthetic standards and energy efficiency.
The assigned public schools carry low ratings (as low as 2/10), which may limit the property's appeal to families and potentially impact long-term resale value.
Discover unparalleled convenience and modern living in this charming Las Vegas condominium. This delightful residence offers comfort and accessibility, ideal for a dynamic lifestyle. Step inside a well-appointed space with essential comforts and natural light. This inviting property features one full bathroom and one spacious loft bedroom. The two-story layout encompasses 702 square feet of living area. A detached garage provides additional storage. This property truly encapsulates the essence of convenient, modern living within an energetic environment.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades PK-5 • 0.7 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 702 | - |
| Lot Size | 702 | - |
| Price | $137.0K | $217.2K |
| Price per sq ft | $195 | $219 |
| Built year | 1977 | 0 |
| HOA | $260 | $0 |
| Days on market | 41 | 828 |
Jun 11, 2026
$137,000
Initial Listing