5238 Souvenir Lane, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This Fixer-Upper Townhouse is a High-Potential Investment Opportunity listed at $249,000. Marketed as a Value-Add Asset, the property holds a Condition Rating of 5, requiring TLC to unlock its significant equity potential. The home features vaulted ceilings, a 1-car garage, and a larger-than-average private patio. Residents benefit from gated community amenities including a pool and spa, with excellent proximity to Helen Jydstrup Elementary, Grant Sawyer Middle, and Durango High School. This property is a prime acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on the desirable Southwest valley market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5238 Souvenir Lane Subject | $249,000* List Price | 2 | 2 | 1,089 | $131 | - |
A 5240 Island Chain Road Sold | $280,000 | 2 | 2 | 1,116 | $251 | 0.3 mi |
B 5230 Souvenir Lane Sold | $250,000 | 3 | 3 | 1,265 | $198 | 0.0 mi |
C 5230 SOUVENIR Lane Sold | $250,000 | 3 | 3 | 1,265 | $198 | 0.0 mi |
D 5274 Sacha Way Sold | $235,000 List Price | 2 | 3 | 1,265 | 0.1 mi | |
E 5139 Briar Patch Way Sold | $295,000 List Price | 2 | 2 | 1,016 | 0.3 mi | |
F 5139 Briar Patch Way Sold | $277,000 List Price | 2 | 2 | 1,016 | 0.3 mi | |
G 5621 Lago Court Active | $305,000 List Price | 2 | 2 | 1,089 | $280 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1994 (30 years old) and explicitly marketed as a 'Fixer Upper' needing TLC. Interior images show significant wall staining, dated fixtures, and worn flooring, suggesting a need for rehab beyond simple cosmetic updates, despite the mention of a new water heater.
Situated in the desirable Central SW valley within a gated community, the property offers excellent amenities including a pool, spa, and BBQ area, providing high lifestyle value and security.
Priced competitively at $249,000 as a fixer-upper, this townhouse presents a significant opportunity for equity growth through cosmetic renovations and modern updates.
The home features vaulted ceilings that enhance the sense of space, complemented by a larger-than-average private patio/yard, which is a rare and valuable asset for a townhouse.
The property is explicitly listed as needing 'TLC' and repairs, which will require an immediate additional capital investment from the buyer after closing.
At 1,089 square feet distributed over two stories, the interior layout may feel restrictive for buyers accustomed to more expansive floor plans or larger families.
Location Location Location... 2 bedrooms 2 stories 1 car garage Townhouse, located in the Central SW side of the valley, in a gated community that features Pool, Spa, BBQ Area, Guest parking & more... This Fixer Upper has new water heater, great floor plan & just need some TLC to show it's great potential... The property had an attached 1 car garage, Larger than average patio/yard with a gate, separate guest entry, Vaulted Ceiling & more.. PRICED TO SALE!!! COME SEE TODAY!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,089 | - |
| Lot Size | 1,742 | - |
| Price | $249.0K | $324.2K |
| Price per sq ft | $229 | $237 |
| Built year | 1994 | 0 |
| HOA | $198 | $0 |
| Days on market | 86 | 276 |
Apr 27, 2026
$249,000
Initial Listing
May 27, 1994
$81,500
Public Record