5250 S Rainbow Boulevard 1140, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5250 S Rainbow Boulevard 1140
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1140, Las Vegas, NV 89118 is currently available with a list price of $252,000. 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 in move-in ready, turnkey condition with several significant recent upgrades including new flooring, updated appliances, and newer critical systems like the A/C unit and water heater. Although built in 1997, the home has been well-maintained, never used as a rental, and features modern touches like epoxy-coated garage floors and wooden blinds, meeting the criteria for a well-maintained property with minimal wear and tear.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Southwest Location
Ideally situated less than 5 minutes from the 215 freeway and under 15 minutes from both the Las Vegas Strip and Summerlin, offering exceptional accessibility to major hubs.
- Turnkey & Upgraded Condition
This move-in-ready, fully furnished unit features significant upgrades including a newer A/C unit, water heater, and epoxy-coated 2-car garage, having never been used as a rental.
- Enhanced Security & Amenities
Located within a 24/7 guard-gated community with an on-site HOA office, providing a high level of security and convenience rarely found at this price point.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The monthly association fee of $432 is relatively high for a condo of this size, which may impact buyer affordability or reduce net yields for investors.
- Aging Infrastructure
Built in 1997, the property and community may soon require more frequent maintenance or capital improvements compared to the newer residential developments in the surrounding area.
About 5250 S Rainbow Boulevard 1140
Location, location, location! This move-in-ready, fully furnished 2-bedroom condo with a 2-car garage is located in a desirable guard-gated Southwest community with 24/7 security and an on-site HOA office and ideally situated less than 5 minutes from the 215 freeway and under 15 minutes to the Las Vegas Strip or Summerlin, with walking-distance access to schools, medical offices, and a hospital. The well-maintained community offers a pet park and BBQ area. Thoughtful upgrades include new flooring, a newer A/C unit and water heater, epoxy-coated garage, updated appliances, and wooden blinds throughout. All appliances are included, and HOA dues cover water, sewer, and trash—making this home truly turnkey and never used as a rental.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 23,308 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 • 0.5 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 | 23,308 | - | 96% |
| Price | $252.0K | $172.0K | 83% |
| Price per sq ft | $244 | $196 | 87% |
| Built year | 1997 | 1995 | 57% |
| HOA | $432 | $221 | 91% |
| Days on market | 30 | 570 | 1% |
Pricing History
Listed for Sale
Feb 5, 2026
$252,000
Initial Listing