5250 S Rainbow Boulevard 1120, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5250 S Rainbow Boulevard 1120
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1120, Las Vegas, NV 89118 is currently available with a list price of $272,000. 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 and move-in ready but retains most of its original late-90s features, including cabinetry and fixtures. While the listing notes a new refrigerator and washing machine, the home has not undergone an extensive renovation within the last 15 years, placing it in the fair category based on its age and dated aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- Functional Split Layout
The floor plan features bedrooms separated by the living area for maximum privacy, along with the rare convenience of direct garage access into the kitchen.
- Move-In Ready Condition
The home is well-maintained with neutral colors and includes all appliances, featuring a brand-new refrigerator and washing machine to reduce immediate buyer costs.
- Prime Location & Amenities
Located in a quiet community with mature landscaping, the property offers excellent proximity to shopping, dining, and freeway access, plus abundant community amenities.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $432 is relatively high for this price point, which may impact overall monthly affordability and debt-to-income ratios for buyers.
- Average School Ratings
The assigned public schools carry modest ratings between 4 and 5, which may be a drawback for families specifically seeking top-tier educational districts.
About 5250 S Rainbow Boulevard 1120
Cozy well maintained home in quiet community. Community features abundant amenities mature landscape and location handy to shopping freeway and dining. Neutral colors and all appliances included new refrigerator and wash machine. Bedrooms separated by living area. Garage access direct into house to kitchen
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 15,897 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $432 / Month
Neighborhood Insights
Las Vegas Unified Schools
Marion B Earl Elementary School
Grades PK-5 • 0.2 mi
Grant Sawyer Middle School
Grades 6-8 • 0.4 mi
Durango High School
Grades 9-12 • 0.5 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 | 15,897 | - | 91% |
| Price | $272.0K | $172.0K | 92% |
| Price per sq ft | $263 | $196 | 93% |
| Built year | 1997 | 1995 | 57% |
| HOA | $432 | $221 | 91% |
| Days on market | 83 | 570 | 1% |
Pricing History
Listed for Sale
Dec 14, 2025
$272,000
Initial Listing