5250 S Rainbow Boulevard 2108, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This Income-Producing Condominium represents a High-Potential Investment Opportunity with a List Price of $267,900—positioned well below the $276,291 Fair Market Value by 3%. This valuation gap provides $8,391 in Instant Equity for the incoming buyer. Currently holding a Fair Condition Rating, the unit features a rare attached two-car garage, granite countertops, and a notable pool view. Located in a guard-gated community near Marion B Earl Elementary, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property in a high-demand Las Vegas corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 S Rainbow Boulevard 2108 Subject | $267,900* List Price | 2 | 2 | 1,034 | $267 | - |
A 5250 S Rainbow Boulevard 2002 Sold | $250,000 | 2 | 2 | 1,034 | $242 | 0.0 mi |
B 5250 S Rainbow Boulevard 1123 Sold | $269,000 | 3 | 2 | 1,131 | $238 | 0.0 mi |
C 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.2 mi | |
D 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 0.2 mi |
E 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.2 mi |
F 5250 S Rainbow Boulevard 2126 Sold | $298,000 List Price | 3 | 2 | 1,131 | 0.1 mi | |
G 5250 S Rainbow Boulevard 1120 Active | $265,000 List Price | 2 | 2 | 1,034 | $256 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, this 27-year-old property falls into the 'Fair' category. While it is well-maintained and features granite countertops, the overall aesthetic—including the bathroom tile, cabinetry, and fixtures—is dated and reflects styles from 15-20 years ago. It is functional and tenant-occupied, but requires cosmetic updates to meet modern 'Good' or 'Excellent' standards.
The property is situated in a highly desirable guard-gated community with 24/7 security, offering extensive amenities including two pools, spas, a fitness studio, and a pet park.
A standout feature for a condominium, the attached two-car garage provides significant convenience, additional storage, and enhanced security compared to standard carports.
Ideally located with quick access to the 215 freeway and the Las Vegas Strip, the property is also within walking distance of elementary, middle, and high schools.
The monthly HOA fee of $432 is relatively high for this price point, which may impact the debt-to-income ratio for buyers or reduce net cash flow for investors.
Being tenant-occupied makes the property less attractive to traditional owner-occupants seeking immediate move-in, as possession is subject to existing lease terms.
Price Reduction! Don’t miss this great opportunity to own an income producing stunning tenant occupied 2-bed, 2-bath condo in a highly sought-after guard-gated community with 24/7 security. This beautiful home features a spacious layout, a two-car ATTACHED garage, and elegant granite countertops in the kitchen and bathrooms, and custom fireplace. Enjoy incredible community amenities, including two sparkling pools, two relaxing spas, a fitness studio, a pet park, and more! Just minutes from the 215 freeway and the Las Vegas Strip. This is a Must See!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,034 | 1,034 | 50% |
| Lot Size | 23,309 | - | 98% |
| Price | $267.9K | $184.5K | 89% |
| Price per sq ft | $259 | $205 | 91% |
| Built year | 1997 | 1996 | 52% |
| HOA | $432 | $220 | 91% |
| Days on market | 51 | 986 | 3% |
Mar 2, 2026
$267,900
Initial Listing