
Las Vegas, NV 89101
This Value-Add Vintage Asset represents a Strong Value Opportunity, with a List Price of $279,000—positioned well below the $302,851 Fair Market Value by 7%. This valuation gap secures $23,851 in Instant Equity for the incoming buyer. While maintaining a Fair Condition Rating with a newer roof and HVAC system, the 1938-built home sits on an expansive 7,405 sqft corner lot near the Arts District. The lack of an HOA and significant redevelopment potential provide substantial upside for forced appreciation. This acquisition is perfectly suited for Buy-and-Hold Investors or Fix-and-Flip Investors targeting the downtown corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 529 S 9th Street Subject | $279,000* List Price | 2 | 1 | 1,204 | $252 | - |
A 1614 Lewis Avenue Sold | $300,000 | 3 | 2 | 1,173 | $256 | 0.5 mi |
B 228 S 16th Street Sold | $212,500 | 3 | 1 | 1,241 | $171 | 0.5 mi |
C 1505 E Ogden Avenue Sold | $282,000 | 3 | 1 | 996 | $283 | 0.7 mi |
D 316 N 10th Street Sold | $240,000 | 3 | 2 | 1,274 | $188 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1938 vintage home is categorized as fair because it remains functional and features key mechanical upgrades, specifically a newer roof and HVAC system. While the property is aged and the 'vintage' description implies outdated kitchen and bathroom fixtures, flooring, and electrical systems that require modernization, the home is not in a state of structural failure. The listing suggests it is suitable for rental or renovation, indicating it is maintained well enough to avoid a 'poor' or 'tear-down' classification despite its age and need for cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1204.
Situated minutes from Fremont Street and the Arts District, this property offers exceptional access to Las Vegas's urban core, dining, and entertainment hubs.
The generous 7,405 sq ft corner lot with no HOA provides significant opportunities for expansion, redevelopment, or potential alternative uses in a high-demand area.
Built in 1938, the home likely requires extensive interior modernization and cosmetic updates to meet contemporary residential standards and buyer expectations.
The 2-bedroom, 1-bathroom configuration may restrict the potential buyer pool, particularly for families or those seeking modern multi-bath convenience.
Vintage 2-bedroom, 1-bath home with 1,204 sq ft on a 7,405 sq ft corner lot near Downtown Las Vegas. Single-story layout with functional floor plan and spacious lot offering expansion or redevelopment potential. Newer roof and HVAC system. Zoned single-family residential with nearby commercial properties; potential alternative use (buyer to verify zoning, permits, and intended use). No HOA. Located minutes from Fremont Street, Arts District, restaurants, retail, and major transit corridors. Opportunity for renovation, rental, or redevelopment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 1,204 | 1,248 | 38% |
| Lot Size | 7,405 | 6,098 | 86% |
| Price | $279.0K | $292.5K | 42% |
| Price per sq ft | $232 | $201 | 55% |
| Built year | 1938 | 1959 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 1123 | 2% |
Apr 7, 2026
$279,000
Initial Listing