5250 S Rainbow Boulevard 1022, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
5250 S Rainbow Boulevard 1022
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1022, Las Vegas, NV 89118 is currently available with a list price of $265,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property is move-in ready and features several key modern updates that elevate it above its 1997 build year. The kitchen is equipped with like-new stainless steel appliances and solid surface countertops, while the living areas benefit from upgraded flooring and newer carpet. Additionally, the primary bathroom has been enhanced with an upgraded shower, indicating the property has been well-maintained and partially renovated within the last 5 to 15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Ground-Floor Accessibility & Parking
This unit is conveniently located on the first level and includes a rare two-car garage, offering superior accessibility and significantly more storage and parking security than typical condo listings.
- Modern Interior Upgrades
The interior features contemporary enhancements including like-new stainless steel appliances, solid surface countertops, and an upgraded primary shower, providing a move-in-ready experience.
- Secure Gated Community
Situated within a guard-gated subdivision, the property offers enhanced security and premium community amenities including a stunning pool, fitness center, and playground.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $423 is relatively high for this price point, which may impact the overall affordability and monthly debt-to-income ratio for potential buyers.
- Average School Ratings
While the property is located within walking distance to elementary, middle, and high schools, the local school ratings are average (4-5 out of 10), which may be a drawback for education-focused families.
About 5250 S Rainbow Boulevard 1022
THIS GUARD GATED THREE BEDROOM TWO CAR GARAGE UNIT IS ON THE ON THE FIRST LEVEL! THE KITCHEN COMES WITH LIKE NEW STAINLESS APPLIANCES SOLID SURFACE COUNTERS, AN OPEN LAYOUT TO THE MAIN LIVING AREA. THE UNIT HAS UPGRADED FLOORING ALONG WITH NEWER CARPET AND THE PRIMARY HAS AN UPGRADED SHOWER!!!! THIS COMPLEX HAS A STUNNING POOL ALONG WITH A GYM AND A KIDS PLAYGROUND. PLEASE CALL THE AGENT FOR QUESTIONS OR FOR A PRIVATE SHOWING.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 15,903 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $423 / Month
Neighborhood Insights
Las Vegas Unified Schools
Marion B Earl Elementary School
Grades PK-5 • 0.4 mi
Grant Sawyer Middle School
Grades 6-8 • 0.4 mi
Durango High School
Grades 9-12 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,131 | 1,070 | 61% |
| Lot Size | 15,903 | - | 91% |
| Price | $265.0K | $172.0K | 89% |
| Price per sq ft | $234 | $196 | 75% |
| Built year | 1997 | 1995 | 57% |
| HOA | $423 | $221 | 91% |
| Days on market | 8 | 570 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$265,000
Initial Listing