5250 South Rainbow Boulevard 1046, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This Condominium presents a High-Potential Investment Opportunity, listed at $269,999—positioned well above the $236,525 Fair Market Value by -14%. While the property features modern wood plank flooring and a functional open-concept layout, its Condition Rating of 4 suggests the need for minor cosmetic updates. Located within walking distance of top-rated schools like Marion B Earl Elementary, this residence offers a stable lifestyle for Buy-and-Hold Investors or first-time buyers seeking a well-located, move-in ready home with community pool access.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 South Rainbow Boulevard 1046 Subject | $269,599* List Price | 2 | 2 | 1,034 | $240 | - |
A 5250 S Rainbow Boulevard 1040 Sold | $235,000 | 2 | 2 | 1,034 | $227 | 0.0 mi |
B 5250 S Rainbow Boulevard 1022 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.1 mi |
C 5250 S Rainbow Boulevard 2038 Sold | $195,000 | 1 | 1 | 744 | $262 | 0.0 mi |
D 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.3 mi | |
E 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.1 mi |
F 5250 S Rainbow Boulevard 2108 Active | $267,900 List Price | 2 | 2 | 1,034 | $259 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property is dated despite some cosmetic updates. While the wood-plank flooring and countertops appear newer, the kitchen cabinetry and overall aesthetic are consistent with the original construction era, requiring minor modern updates to meet current market standards.
The property is exceptionally well-located within walking distance (under 0.4 miles) of elementary, middle, and high schools, making it highly desirable for families and supporting long-term value.
The residence features high-quality wood plank flooring throughout and a well-appointed kitchen with sleek counters, offering a contemporary, move-in-ready aesthetic.
The 1,034 sqft open-concept layout includes two full bathrooms, ceiling fans in bedrooms, and a private balcony, maximizing both comfort and utility for residents.
The monthly HOA fee of $340 is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1997, the property and complex are approaching 30 years of age, which may necessitate more frequent maintenance or future capital improvements compared to newer developments.
Discover unparalleled comfort and modern living in this inviting condominium, ideally situated in a vibrant Las Vegas neighborhood. This residence offers a seamless blend of style and functionality across its 1034 square feet. Rich wood plank flooring extends through the open-concept living area, creating an immediate sense of warmth and elegance. The well-appointed kitchen, featuring ample cabinetry and sleek counters, is ready for any culinary endeavor. Two generously sized bedrooms provide comfortable retreats, each boasting hardwood-style flooring and ceiling fans for optimal comfort. Mirrored closet doors add a touch of sophistication. With two full bathrooms, convenience is paramount, each featuring durable tile flooring and practical vanities. Enjoy the fresh air and surroundings from your private balcony. Living at 5250 S Rainbow Blvd places you in a dynamic community, offering easy access to local amenities and the exciting Las Vegas lifestyle. This property is a fantastic opportunity to embrace sophisticated rental living.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,034 | - |
| Lot Size | 1,034 | - |
| Price | $269.6K | $217.2K |
| Price per sq ft | $261 | $219 |
| Built year | 1997 | 0 |
| HOA | $340 | $0 |
| Days on market | 49 | 828 |
Jul 15, 2026
$269,599
$269,999
+0% Price Increase
Initial Listing
Jun 3, 2026
$269,999
Initial Listing