5225 W Reno Avenue 205, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5225 W Reno Avenue 205
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5225 W Reno Avenue 205, Las Vegas, NV 89118 is currently available with a list price of $215,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1993, this property is well-maintained and move-in ready but shows clear signs of being outdated. The kitchen features older white appliances and original-style cabinetry, and the bathrooms maintain builder-grade finishes from the 90s. While the HVAC system is a recent update (6 years old) and the unit is clean with vaulted ceilings, the lack of a comprehensive modern renovation to the primary living surfaces and fixtures aligns with the 'fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Vaulted Ceilings & Natural Light
The second-floor location allows for vaulted ceilings and an open-concept layout that maximizes natural light, creating a sense of volume and airiness that exceeds the standard 1,070 square footage.
- Premium Community View
Positioned with a prime view overlooking the community pool and gated entry, this unit offers one of the most desirable outlooks in the complex, enhancing its overall curb appeal and resale value.
- Updated Mechanicals
The HVAC system is approximately six years old, providing significant peace of mind and potential cost savings for a buyer in the demanding Las Vegas climate.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5483, other record lot size in square feet = 2162.
- Second-Floor Accessibility
Being located on the second floor may limit appeal for buyers with mobility concerns or those who prefer the convenience of a ground-level entry.
- Dated Construction Era
Built in 1993, the property may feature older interior finishes or architectural elements that require cosmetic modernization to compete with newer luxury condominiums in the Southwest area.
About 5225 W Reno Avenue 205
Best view in the community overlooking the pool, street, parking, and gated entry. Enjoy a bright second-floor condo with vaulted ceilings, an open living layout, and abundant natural light throughout. The spacious living area flows into the kitchen and dining space, offering excellent volume and functionality. The primary bedroom includes direct access to a private balcony with a great pool view, providing inviting outdoor living space. HVAC approximately 6 years old. HOA fee includes water, trash and sewer. One covered parking space plus ample guest parking. Terrific southwest location near shopping, dining, and major roadways. Come and see!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1993
- Lot Size
- 5,483 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $303 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,070 | 1,070 | 50% |
| Lot Size | 5,483 | - | 70% |
| Price | $215.0K | $172.0K | 64% |
| Price per sq ft | $201 | $196 | 51% |
| Built year | 1993 | 1994 | 42% |
| HOA | $303 | $221 | 80% |
| Days on market | 79 | 570 | 1% |
Pricing History
Listed for Sale
Dec 18, 2025
$215,000
Initial Listing
Sold
Dec 30, 1993
$79,000
Public Record