5250 S Rainbow Boulevard 2108, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5250 S Rainbow Boulevard 2108
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 2108, Las Vegas, NV 89118 is currently available with a list price of $267,900. 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 well-maintained, featuring desirable updates such as granite countertops in both the kitchen and bathrooms and a custom fireplace. While built in 1997 (27 years ago), the unit has undergone partial renovations that elevate it above the 'fair' category. The inclusion of an attached two-car garage and its status as a 'stunning' tenant-occupied home suggest that major systems are functional and the interior aesthetic is contemporary enough to meet current market expectations without immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Rare Attached Two-Car Garage
Unlike most condominiums, this unit includes a private two-car attached garage, providing exceptional convenience, security, and additional storage space that is highly valued in the Las Vegas market.
- Premium Guard-Gated Amenities
The property is situated in a secure 24/7 guard-gated community featuring high-end amenities such as two sparkling pools, spas, a fitness studio, and a pet park, enhancing the lifestyle appeal for residents.
- Turnkey Investment Potential
As a tenant-occupied, income-producing property with recent price reductions and elegant upgrades like granite countertops, it offers an immediate and attractive opportunity for real estate investors.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $432 per month is relatively high for a condo at this price point, which may impact the debt-to-income ratio for some buyers and overall monthly affordability.
- Occupancy Restrictions
Because the property is currently tenant-occupied, it may not be suitable for owner-occupant buyers who require immediate possession or a traditional move-in timeline.
About 5250 S Rainbow Boulevard 2108
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- -
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 | - | - | 50% |
| Price | $267.9K | $172.0K | 91% |
| Price per sq ft | $259 | $196 | 93% |
| Built year | 1997 | 1995 | 57% |
| HOA | $432 | $221 | 91% |
| Days on market | 5 | 570 | 1% |
Pricing History
Listed for Sale
Mar 2, 2026
$267,900
Initial Listing