5242 Jane Way, Las Vegas, NV 89119, Las Vegas, 89119 - 5 bed, 3 bath
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Las Vegas, NV 89119
This Fully Remodeled Single-Family Residence is a High-Potential Investment Opportunity, listed at $549,500—positioned well below the $683,677 Fair Market Value by 19%. This significant valuation gap offers $134,177 in Instant Equity. Boasting a Brand-New Roof, Granite Kitchen, and Sparkling Pool, the property maintains an Excellent Condition Rating with no HOA. Its proximity to the Strip and UNLV, combined with a flexible 9-bedroom potential, makes it a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, turnkey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5242 Jane Way Subject | $529,900* List Price | 5 | 3 | 2,213 | $239 | - |
A 5178 Wilbur Street Sold | $480,000 | 5 | 3 | 1,831 | $262 | 0.1 mi |
B 944 De Met Drive Sold | $535,000 | 6 | 3 | 2,132 | $251 | 0.1 mi |
C 5514 Oxbow Street Sold | $550,000 | 4 | 3 | 1,852 | $297 | 0.9 mi |
D 5514 Oxbow Street Sold | $550,000 | 4 | 2 | 1,852 | $297 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1975, the property has undergone an extensive recent renovation that meets current quality standards. Key upgrades include a brand-new roof, a fully remodeled kitchen with granite countertops and new stainless steel appliances, updated bathrooms, and modern flooring and light fixtures throughout. The interior presents as virtually new and move-in ready.
Ideally situated minutes from the Las Vegas Strip, Harry Reid International Airport, and UNLV with no HOA restrictions, offering maximum flexibility for short-term rentals or primary residency.
The property is move-in ready with a brand-new roof, fully remodeled kitchen featuring granite countertops, updated bathrooms, and new stainless steel appliances.
Offered fully furnished with a flexible layout that can potentially expand to 9 bedrooms, plus RV parking and a private pool, making it a high-yield asset for investors.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Built in 1975, the property may have aging underlying plumbing or electrical systems that were not fully replaced during the cosmetic and roof renovations.
Reconfiguring a 2,213-square-foot home into nine bedrooms could result in significantly smaller room sizes and create a high demand on the existing three bathrooms.
Beautifully renovated central Las Vegas home featuring a spacious and highly functional layout with exceptional flexibility. This thoughtfully updated property offers modern kitchen upgrades, remodeled bathrooms, updated flooring, and multiple finished living areas designed for comfort and versatility. The flexible floor plan provides additional finished spaces ideal for a variety of lifestyle needs, including home office, guest accommodations, fitness, hobby, or creative-use options. Conveniently located near Harry Reid International Airport, UNLV, shopping, dining, dining, and major freeway access, this move-in-ready property offers outstanding accessibility and long-term value in one of Las Vegas’ most central locations. Seller is offering up to $10,000 toward buyer’s closing costs with an acceptable offer. A unique opportunity to own an extensively improved home with space, flexibility, convenience, and exceptional value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 85% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 2,213 | 1,576.5 | 82% |
| Lot Size | 7,405 | 6,970 | 56% |
| Price | $529.9K | $375.0K | 90% |
| Price per sq ft | $239 | $241 | 50% |
| Built year | 1975 | 1982 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 102 | 1130 | 3% |
May 29, 2026
$529,900
$529,000
+0% Price Increase
Initial Listing
May 15, 2026
$529,000
$534,900
-1% Price Drop
Initial Listing
May 8, 2026
$534,900
$539,999
-1% Price Drop
Initial Listing
Apr 24, 2026
$539,999
$544,900
-1% Price Drop
Initial Listing
Apr 14, 2026
$544,900
$549,000
-1% Price Drop
Initial Listing
Apr 2, 2026
$549,000
$549,500
+0% Price Increase
Initial Listing
Feb 25, 2026
$549,500
Initial Listing