5201 Spencer Street, Las Vegas, NV 89119, Las Vegas, 89119 - 4 bed, 3 bath
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Las Vegas, NV 89119
This property presents a High-Potential Investment Opportunity with a List Price of $428,999—positioned well below the $434,306 Fair Market Value by 1%. This valuation gap offers $5,307 in Instant Equity for buyers. Featuring a Poor Condition Rating, the home requires a comprehensive renovation, yet offers significant upside through its 0.19-acre lot, private pool and spa, and owned solar system. This is a value-add asset ideal for Fix-and-Flip Investors or Contractors seeking a project with high rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5201 Spencer Street Subject | $428,999* List Price | 4 | 3 | 1,984 | $219 | - |
A 2210 E Reno Avenue Sold | $400,000 | 3 | 2 | 1,645 | $243 | 0.4 mi |
B 5167 Martingale Avenue Sold | $379,900 | 4 | 2 | 1,743 | $218 | 0.3 mi |
C 944 DE MET Drive Sold | $535,000 | 6 | 3 | 2,132 | $251 | 0.8 mi |
D 2305 Latigo Circle Active | $365,000 List Price | 3 | 2 | 1,738 | $210 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (45 years old) and explicitly marketed as a 'fixer upper' needing 'transformation.' The interior shows significant signs of age including popcorn ceilings, dated oak cabinetry, and worn flooring. While currently functional, the property requires a comprehensive rehab of the kitchen and baths to meet modern standards, placing it in the 'Poor' category based on age and the need for major updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1984.
Situated less than five minutes from the Las Vegas Strip, Harry Reid International Airport, and the future A’s stadium site, this property offers exceptional convenience and high demand for both renters and buyers.
The home includes a solar system that is owned outright and paid in full, providing significant long-term energy cost savings and adding immediate value to the property.
The property is explicitly listed as a fixer-upper requiring significant updates and repairs, which will necessitate a substantial additional capital investment from the buyer.
The 1979 three-story floor plan may be less desirable for modern buyers who prefer open-concept or single-story living, potentially limiting the pool of future resale prospects.
Great investment property with endless potential! Located in a quiet neighborhood with NO HOA, this three-story home is in great centralize location conveniently close (under 5 min drive) to the fabulous Las Vegas Strip, Thomas and Mac center, Harry Reid International Airport, the future A’s stadium site and so much more! Offering 1,984 sq. ft. of living space, plus an additional approx. 200 sq. ft. sunroom, this property is ready for fixer upper and your vision. Featuring 4 bedrooms, 2.5 baths, and a 3-car garage, the home offers a flexible floor plan with plenty of room to customize and create your dream space. Situated on a large 0.19-acre lot with a pool and exterior spa, this property offers excellent outdoor potential. Another huge benefit is the solar system, owned outright and paid in full, helping maximize energy savings. This motivated seller priced it under comps and ready to sell! send your best offer! A great opportunity for investors $$$ or buyers ready to transform this home into something special!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,984 | - |
| Lot Size | 8,276 | - |
| Price | $429.0K | $474.8K |
| Price per sq ft | $216 | $257 |
| Built year | 1979 | 0 |
| HOA | $0 | $0 |
| Days on market | 20 | 526 |
Jul 2, 2026
$428,999
Initial Listing