5250 South Rainbow Boulevard 1120, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This High-Potential Investment Opportunity is listed at a List Price of $269,000, positioned above the $241,826 Fair Market Value. While the property carries a premium, it offers a Fair Condition Rating with modern updates like new appliances and vinyl flooring. The ground-floor, guard-gated layout provides high rental demand, while proximity to Marion B Earl Elementary and Durango High School adds long-term stability. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a secure, low-maintenance residence in the Southwest.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 South Rainbow Boulevard 1120 Subject | $269,000* List Price | 2 | 2 | 1,034 | $234 | - |
A 5250 S Rainbow Boulevard 1040 Sold | $235,000 | 2 | 2 | 1,034 | $227 | 0.1 mi |
B 5250 S Rainbow Boulevard 1022 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.2 mi |
C 5250 S Rainbow Boulevard 2038 Sold | $195,000 | 1 | 1 | 744 | $262 | 0.2 mi |
D 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.2 mi |
E 5250 S Rainbow Boulevard 2108 Active | $267,900 List Price | 2 | 2 | 1,034 | $259 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property meets the 'Fair' criteria for age (>20y). While it features updated vinyl plank flooring and some newer appliances (refrigerator/washer), the kitchen cabinetry and countertops appear original and dated, suggesting a need for cosmetic updates to meet modern standards.
The ground-floor positioning combined with a direct-access garage offers rare convenience and ease of entry, making it highly desirable for those seeking to avoid stairs.
Situated in a guard-gated community in the sought-after Southwest area, the property provides enhanced security and excellent proximity to the 215-freeway, shopping, and dining.
The dual-primary floor plan separates the two bedrooms with the central living area, maximizing privacy for roommates or guests while featuring updated appliances.
The monthly HOA fee of $432 is relatively high compared to the listing price, which may impact the overall affordability and monthly carrying costs for potential buyers.
Built in 1997, the unit and community infrastructure are nearly 30 years old, which may lead to upcoming maintenance requirements or the need for cosmetic modernizations.
Easy access ground floor unit. Cozy well maintained home in SW community on Rainbow and W. Tropicana, featuring abundant amenities with mature landscape...location near shopping, 215-freeway and dining locations. Neutral colors and all appliances included, new refrigerator and washing machine. Two bedrooms separated by the living area. Garage access direct into house and kitchen. Guard gated community on Rainbow is just across the street from Spanish Trail Development. This unit also available for yearly lease at $1500/month.
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 |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,034 | - |
| Lot Size | 15,897 | - |
| Price | $269.0K | $217.2K |
| Price per sq ft | $260 | $219 |
| Built year | 1997 | 0 |
| HOA | $432 | $0 |
| Days on market | 12 | 828 |
Jul 10, 2026
$269,000
Initial Listing