5422 Swenson Street 0, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
Loading property details...
Las Vegas, NV 89119
This Strategic Income-Generating Asset is listed at $147,000, positioned accurately at its $146,976 Fair Market Value. Boasting a Condition Rating of 4, this downstairs unit offers functional interiors and ground-floor accessibility directly adjacent to major employment hubs. Its prime location near UNLV, the Las Vegas Strip, and Harry Reid International Airport ensures consistent rental demand and high occupancy potential. Currently part of a performing five-unit rental portfolio, the property benefits from proximity to the 6-rated Jack Dailey Elementary. This is a stable acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5422 Swenson Street 0 Subject | $105,000* List Price | 2 | 2 | 862 | $122 | - |
A 5248 GREENE Lane K Sold | $110,000 | 2 | 2 | 1,070 | $103 | 0.4 mi |
B 5167 Greene Lane L Sold | $110,000 | 1 | 1 | 702 | $157 | 0.4 mi |
C 5167 Greene Lane L Sold | $110,000 | 1 | 1 | 702 | $157 | 0.4 mi |
D 5414 Swenson Street 5 Active | $130,000 List Price | 2 | 2 | 862 | $151 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, this property is in functional but dated condition. The kitchen features older laminate countertops and white appliances, while the bathrooms show signs of age without recent modern updates. The flooring consists of basic ceramic tile and older carpeting. While the unit appears maintained and is currently habitable/rented, it lacks the contemporary finishes required for a higher rating and reflects the typical wear of a 40+ year old complex with only minor periodic maintenance.
The property is ideally situated near major employment and education hubs, including Harry Reid International Airport, UNLV, and the Las Vegas Strip, ensuring high rental demand.
As a downstairs unit with a large parking area located directly outside the front door, the condo offers superior convenience and ease of access for residents.
Currently rented and part of a larger 1031 exchange portfolio, this property provides an immediate income stream and a turnkey opportunity for seasoned investors.
The seller's preference to bundle this unit into a multi-property Section 1031 exchange may create barriers for individual buyers or those looking for a simple, single-asset transaction.
Built in 1976, the property may have aging systems or infrastructure that could necessitate higher long-term maintenance costs compared to more modern residential options.
2 bedroom 2 full bath condo adjacent to airport but with minimal airport noise due to not being in direct flight path. Great location for workers at the airport, UNLV or Strip. Downstairs unit with large parking area outisde door to condo. Living and kitchen at front door. Separate laudry facilities. Seller would like to do a $1,067,900 Section 1031 sale with MLS# 2670865, 2732149, 2732150 and 2732151. 4 condos and one townhouse for a total of five units, all rented out.
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades PK-5 • 1.2 mi
Grades 6-8 • 1.7 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 | 51% |
| Square foot | 862 | 880 | 47% |
| Lot Size | - | - | 50% |
| Price | $105.0K | $110.0K | 41% |
| Price per sq ft | $122 | $162 | 43% |
| Built year | 1976 | 1983 | 24% |
| HOA | $210 | $175 | 60% |
| Days on market | 637 | 1510 | 40% |
Apr 9, 2026
$105,000
$147,000
-29% Price Drop
Initial Listing
Jul 24, 2024
$147,000
Initial Listing
Jun 3, 1998
$30,000
Public Record
May 31, 1995
$26,500
Public Record