5198 Wilbur Street, Las Vegas, NV 89119, Las Vegas, 89119 - 3 bed, 2 bath
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Las Vegas, NV 89119
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $399,000—positioned well below the $406,319 Fair Market Value by 1.8%. This valuation gap offers $7,319 in Instant Equity. Featuring a Fair Condition Rating (4/10), the property offers significant value-add potential through cosmetic modernization. With No HOA, a large lot, and Solar Panels, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a central, high-demand location near UNLV.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5198 Wilbur Street Subject | $399,000* List Price | 3 | 2 | 1,955 | $208 | - |
A 5217 Wilbur Street Sold | $295,000 List Price | 4 | 2 | 1,781 | 0.0 mi | |
B 1044 King Richard Avenue Sold | $399,999 List Price | 5 | 3 | 2,673 | 0.3 mi | |
C 5255 Sara Lee Circle Pending | $430,000 List Price | 5 | 3 | 2,213 | $194 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963 with renovations (oak cabinetry, tile counters, and wallpaper) that appear to be over 20-30 years old. While the home is remarkably clean and well-maintained with functional additions like solar panels, the interior is significantly dated with popcorn ceilings and older finishes, requiring cosmetic and system updates to meet modern standards.
Situated minutes from UNLV, Harry Reid International Airport, and the Las Vegas Strip, this property offers exceptional convenience for commuters and high rental demand potential.
Priced under $400k with nearly 2,000 sqft and the potential to expand to 5 bedrooms, this home provides significant equity potential and flexibility for investors or large families.
The absence of HOA fees combined with a large private lot, solar panels, and dedicated RV/boat parking offers a level of freedom and cost-savings rarely found in this price bracket.
Built in 1963, the property may require modernization of major mechanical systems or cosmetic updates to meet contemporary standards despite being well-maintained.
The close proximity to the airport and major university hubs may result in increased noise levels and high-traffic surroundings, which could impact residential tranquility.
This is a must-see in person! 3 bedrooms with potential for 5 under $400K near UNLV? What? This immaculate, well-maintained, established home offers incredible flexibility, central convenience, a large private lot, and no HOA. Features include a spacious front living room, an open kitchen with a separate breakfast nook, a dining area, an Arizona room, a solid wood-burning fireplace, solar, solar screens, a low-maintenance yard, a garage workspace, extra driveway parking, and potential RV, boat, or toy parking. Minutes from UNLV, Harry Reid International Airport, the Las Vegas Strip, the 95, and the 215, with everyday essentials nearby. Clean, cared for, and full of possibility as a rental or your forever home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,955 | - |
| Lot Size | 6,534 | - |
| Price | $399.0K | $474.8K |
| Price per sq ft | $204 | $257 |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 26 | 526 |
Jun 26, 2026
$399,000
Initial Listing
Aug 13, 1998
$120,000
Public Record
Mar 9, 1995
$120,000
Public Record