5250 S Rainbow Boulevard 1025, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5250 S Rainbow Boulevard 1025
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1025, Las Vegas, NV 89118 is currently available with a list price of $235,000. 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 1997, the property is well-maintained but remains largely in its original state. While it features updated hard-surface flooring in the living areas, the kitchen and bathrooms show significant signs of being outdated with 1990s-era oak cabinetry, white appliances, and standard laminate countertops. It fits the criteria for 'fair' as it is over 20 years old and functional but requires cosmetic modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
The property is ideally situated with easy access to the 215 Beltway and the Las Vegas Strip, offering a convenient commute to major employment hubs, dining, and entertainment.
- Comprehensive Community Amenities
Residents benefit from a guard-gated environment featuring premium amenities including a fitness center, pool, and two parks, enhancing both security and lifestyle quality.
- Rare 2-Car Garage
Unlike many condominiums that only offer carports or single-car spaces, this unit includes a private 2-car garage, providing significant added value for storage and vehicle security.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $448 is relatively high for this price point, which may impact the overall monthly affordability and debt-to-income ratios for potential buyers.
- Dated Construction Era
Built in 1997, the property may require cosmetic updates or modernizations to its systems and finishes to remain competitive with newer residential developments in the area.
About 5250 S Rainbow Boulevard 1025
Well kept single level condo, 2 bedrooms, 2 full baths, 2 car garage, with a fireplace and balcony area. Close to restaurants, shops, easy 215 Beltway access, close to the Las Vegas Strip. The condo complex features a pool, fitness center, 2 parks and a it's guard gated.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 15,900 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $448 / 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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,034 | 1,053 | 49% |
| Lot Size | 15,900 | - | 91% |
| Price | $235.0K | $172.0K | 68% |
| Price per sq ft | $227 | $196 | 74% |
| Built year | 1997 | 1995 | 57% |
| HOA | $448 | $221 | 99% |
| Days on market | 19 | 570 | 1% |
Pricing History
Listed for Sale
Feb 16, 2026
$235,000
Initial Listing