5225 West Reno Avenue 122, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This Strong Value Opportunity is a turnkey Condominium listed at $275,000, positioned slightly above the $257,374 Fair Market Value. While the list price reflects a premium, the property features a Mint Condition Rating with modern, open-concept upgrades and new stainless steel appliances. With a tenant secured through February 2027, this asset provides immediate, stable cash flow. Its proximity to the Las Vegas Strip ensures long-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Passive Income Seekers prioritizing a low-maintenance, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5225 West Reno Avenue 122 Subject | $275,000* List Price | 2 | 2 | 1,070 | $241 | - |
A 5125 W Reno Avenue 2076 Sold | $282,000 | 2 | 2 | 1,287 | $219 | 0.1 mi |
B 5055 W Hacienda Avenue 2102 Sold | $231,500 | 2 | 2 | 1,036 | $223 | 0.4 mi |
C 5125 W Reno Avenue 2076 Sold | $282,000 | 2 | 2 | 1,287 | $219 | 0.1 mi |
D 4955 Lindell Road 105 Sold | $266,000 | 3 | 2 | 1,202 | $221 | 0.4 mi |
E 5225 West Reno Avenue 210 Active | $249,599 List Price | 2 | 2 | 1,070 | $233 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1994, the interior has undergone a comprehensive modern renovation within the last 5 years. It features a contemporary open-concept kitchen with new stainless steel appliances, updated white cabinetry, modern light fixtures, and fresh flooring throughout, presenting in mint, move-in-ready condition.
Situated just minutes from the Las Vegas Strip, this property offers exceptional access to world-class dining, shopping, and entertainment, ensuring high desirability and long-term value.
The unit features a modern, open-concept layout with new stainless steel appliances and a first-floor location, providing both aesthetic appeal and easy accessibility.
With a tenant already in place through February 2027, this property offers a seamless transition for investors looking for guaranteed cash flow without the immediate need for marketing or leasing.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1070, other record lot size in square feet = 2162.
The long-term lease agreement through early 2027 makes this property unsuitable for owner-occupants looking for a primary residence in the near future.
Built in 1994, the community may face increased maintenance requirements or potential special assessments as the common areas and building exteriors continue to age.
Welcome to this upgraded beautifully maintained first-floor condo offering the perfect blend of comfort, convenience, and investment potential. This 2 bedroom, 2 full bathroom condo features a spacious, open-concept layout with a warm and inviting living area and kitchen complete with new stainless steel appliances. Has In unit washer & Dryer. The primary suite offers a private en-suite bathroom, while the second bedroom is ideal for guests, a home office, or additional living space. Enjoy the convenience of a dedicated parking space, access to the community pool, and a peaceful setting just minutes from the Las Vegas Strip, shopping, dining, and entertainment. HOA dues include water and trash service. The property is tenant-occupied with a lease in place through February 2027.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,070 | - |
| Lot Size | 1,070 | - |
| Price | $275.0K | $217.2K |
| Price per sq ft | $257 | $219 |
| Built year | 1994 | 0 |
| HOA | $264 | $0 |
| Days on market | 26 | 828 |
Jun 27, 2026
$275,000
Initial Listing
Mar 30, 2000
$54,475
Public Record