5404 River Glen Drive 361, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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Las Vegas, NV 89103
This property presents a High-Potential Investment Opportunity with a List Price of $180,000—positioned well above the $146,726 Fair Market Value by -22%. While the pricing reflects a premium, the asset offers immediate stability with a long-term tenant in place. Featuring a Fair Condition Rating and recent mechanical upgrades like a brand new 2026 AC unit, this turnkey condo is located in a guard-gated Spring Valley community. It is an ideal acquisition for Buy-and-Hold Investors or passive income seekers prioritizing rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5404 River Glen Drive 361 Subject | $180,000* List Price | 2 | 2 | 978 | $150 | - |
A 5422 River Glen Drive 379 Sold | $175,000 | 2 | 2 | 978 | $179 | 0.0 mi |
B 5576 W Rochelle Avenue 30C Sold | $169,900 List Price | 2 | 2 | 1,058 | 0.2 mi | |
C 4430 Sandy River Drive 27 Sold | $129,999 List Price | 2 | 2 | 978 | 0.4 mi | |
D 4411 Alexis Drive 448 Sold | $160,000 | 2 | 2 | 978 | $164 | 0.1 mi |
E 4972 River Glen Drive 173 Sold | $180,000 | 2 | 2 | 978 | $184 | 0.3 mi |
F 4430 Sandy River Drive 27 Sold | $215,000 List Price | 2 | 2 | 978 | 0.4 mi | |
G 5383 Indian River Drive 320 Active | $200,000 List Price | 2 | 2 | 978 | $204 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, the property is over 40 years old and falls into the dated category. While it features a brand new AC unit (2026) and laminate flooring, there is no mention of recent kitchen or bathroom renovations. It is functional and move-in ready, but the age and lack of modern updates to wet areas align with the Fair criteria.
The property is a turnkey investment featuring an existing long-term tenant who wishes to remain, offering immediate rental income and stability for investors.
Significant capital improvements including a brand new AC unit installed in May 2026 and a new washer and dryer provide peace of mind and reduced maintenance costs.
Located in the high-demand Spring Valley area near the Strip, this guard-gated community offers enhanced security and proximity to major employment and entertainment hubs.
Built in 1982, the condo may face challenges associated with aging infrastructure and older building standards compared to modern developments.
The monthly association fee of $307 adds a significant fixed cost that impacts the overall net return on investment and monthly carrying costs.
Perfect for investors looking for a turnkey property or buyers wanting a low upkeep condo near the Strip. Desirable Spring Valley location with strong rental demand. Guard gated community, wood laminate throughout , brand new AC unit installed May 2026, new washer and dryer, move in ready condition. Existing long term renter wants to stay for immediate cash flow.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.9 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 53% |
| Square foot | 978 | 877 | 58% |
| Lot Size | - | - | 50% |
| Price | $180.0K | $150.0K | 74% |
| Price per sq ft | $184 | $190 | 48% |
| Built year | 1982 | 1982 | 50% |
| HOA | $307 | $180 | 97% |
| Days on market | 4 | 1402 | 1% |
Jun 2, 2026
$180,000
Initial Listing