521 South Maryland Parkway A-16, Las Vegas, NV 89101, Las Vegas, 89101 - 1 bed, 1 bath
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Las Vegas, NV 89101
This property presents a High-Potential Investment Opportunity with a List Price of $100,000, which aligns with the current $100,000 Fair Market Value. While the unit maintains a Condition Rating of 5, its 1962 vintage and aging infrastructure necessitate a comprehensive renovation to modernize the interior. The association fee’s inclusion of taxes, water, and sewer provides significant operational cost stability. Given its strategic proximity to Downtown Las Vegas and the Strip, this asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a high-demand urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 521 South Maryland Parkway A-16 Subject | $100,000* List Price | 1 | 1 | 700 | $143 | - |
A 500 South 13th Street C23 Active | $100,000 List Price | 1 | 1 | 47,136 | $2 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 (62 years old) with no mention of recent renovations to the kitchen, bathrooms, or major systems; the property significantly exceeds the 30-50 year age bracket for original condition and likely requires a full rehab to address dated interiors and aging infrastructure.
Priced at $100,000, this property represents a highly accessible entry point into the Las Vegas real estate market, making it an ideal opportunity for budget-conscious buyers or investors.
The unit's proximity to both Downtown Las Vegas and the Las Vegas Strip ensures strong rental demand and convenient access to major employment, dining, and entertainment hubs.
The association fee covers property taxes, water, and sewer, significantly simplifying the owner's monthly financial obligations and reducing out-of-pocket utility expenses.
Constructed in 1962, the building may require more frequent maintenance or modern upgrades to its mechanical systems compared to newer residential developments.
As a 1-bedroom, 1-bathroom unit in an older complex, the layout is likely compact, which may limit its appeal to buyers looking for more spacious or open-concept living environments.
This incredible opportunity to purchase an affordable unit is available now. Located near Downtown Las Vegas and the Las Vegas Strip, the condo building pays taxes, water and sewer. The unit includes electric refrigerator and stove. Don't miss out on this opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 700 | - |
| Lot Size | 56,192 | - |
| Price | $100.0K | $217.2K |
| Price per sq ft | $143 | $219 |
| Built year | 1962 | 0 |
| HOA | $275 | $0 |
| Days on market | 7 | 828 |
Jul 15, 2026
$100,000
Initial Listing