530 Elm Drive 105, Las Vegas, NV 89169, Las Vegas, 89169 - 1 bed, 1 bath
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Las Vegas, NV 89169
This Prime Investment Opportunity is a 1-bedroom Condominium listed at $142,000—positioned well below the $145,832 Fair Market Value by 2%. This valuation gap offers $3,832 in Instant Equity for the buyer. Featuring a Mint Condition Rating with a recent comprehensive remodel, this unit includes a Community Pool and Patio. Its proximity to the Las Vegas Strip and Convention Center ensures strong rental demand. This turnkey asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready urban residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 530 Elm Drive 105 Subject | $138,000* List Price | 1 | 1 | 462 | $313 | - |
A 460 ELM Drive 103 Sold | $146,000 | 1 | 1 | 462 | $316 | 0.1 mi |
B 460 Elm Drive 103 Sold | $146,000 | 1 | 1 | 462 | $316 | 0.1 mi |
C 460 Elm Drive 103 Sold | $146,000 | 1 | 1 | 462 | $316 | 0.1 mi |
D 470 Elm Drive 102 Sold | $130,000 | 1 | 1 | 462 | $281 | 0.1 mi |
E 510 Elm Drive 106 Active | $135,000 List Price | 1 | 1 | 462 | $292 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a recent comprehensive remodel (likely <5 years) featuring modern laminate flooring, updated kitchen cabinets with stainless steel appliances, and a fully renovated bathroom with contemporary tile work and a new vanity. Despite the 1985 build date, the interior is in mint, move-in-ready condition.
Ideally situated minutes from the Las Vegas Strip, the Sphere, and the Convention Center, offering exceptional access to major employment hubs and world-class entertainment.
The unit is beautifully remodeled and move-in ready, featuring included appliances such as a washer, dryer, and refrigerator, which adds significant value for investors and first-time buyers.
Located on the first floor within a gated community, the property provides both ease of access and enhanced security, which are highly desirable features in an urban setting.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1000, other record lot size in square feet = 1190.
At only 462 square feet, the compact size of the unit may limit its appeal to a narrower demographic and could feel restrictive for long-term residency.
The assigned public schools carry low ratings (ranging from 2 to 3), which may deter families and potentially impact the long-term appreciation of the property.
Welcome to this beautifully remodeled first-floor condo featuring 1 bedroom and 1 bathroom in a gated community that offers added privacy and security. Ideally located just minutes from the Las Vegas Convention Center and the Sphere, this home provides easy access to shopping, dining, entertainment, and the Las Vegas Strip. Enjoy a bright and updated living space with washer, dryer, and refrigerator included for your convenience. Residents also have access to a community pool, perfect for relaxing year-round. This move-in-ready unit is an excellent opportunity for homeowners or investors alike.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 462 | - |
| Lot Size | 1,000 | - |
| Price | $138.0K | $217.2K |
| Price per sq ft | $299 | $219 |
| Built year | 1985 | 0 |
| HOA | $184 | $0 |
| Days on market | 27 | 828 |
Jul 16, 2026
$138,000
$142,000
-3% Price Drop
Initial Listing
Jun 25, 2026
$142,000
Initial Listing
Oct 10, 1997
$40,000
Public Record