5435 North Rainbow Boulevard, Las Vegas, NV 89130, Las Vegas, 89130 - 5 bed, 2 bath
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Las Vegas, NV 89130
Analysis of 5435 North Rainbow Boulevard, Las Vegas, NV 89130 is currently available with a list price of $2,495,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1976 (48 years old) with no mention of renovations to kitchen, baths, or systems. The listing description focuses almost exclusively on the land value and the 'opportunity to build,' suggesting the existing 5,706 sqft structure likely has significant deferred maintenance or structural/safety defects requiring a total rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45302, living area = 5706.
The rare 3.52-acre lot spread across three parcels offers unparalleled flexibility for custom residential development, guest houses, or extensive recreational facilities in a central location.
With zero association fees, owners enjoy complete freedom from restrictive covenants, making it ideal for those with unique architectural visions or specialized storage needs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =45302, other record lot size in square feet = 54014. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
Built in 1976, the existing 5,706 sqft structure likely requires significant modernization or renovation to meet contemporary luxury standards.
The $2.495M list price reflects the significant land value, which may be a barrier for buyers not intending to fully utilize or develop the additional parcels.
Discover the potential of this expansive 3.52-acre (3 parcels) property comprised of three parcels located in the heart of Las Vegas. Offering ample space for a custom residence and a variety of outdoor amenities, this property presents a rare opportunity to build according to your vision. The generous acreage allows for flexible design options, extensive landscaping, recreational features, guest accommodations, workshops, and more. Conveniently situated near shopping, dining, entertainment, and major transportation routes, this property combines substantial space with easy access to everyday conveniences. An exceptional opportunity for those seeking privacy, flexibility, and room to create in a central Las Vegas location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 5,706 | - |
| Lot Size | 45,302 | - |
| Price | $2.50M | $474.8K |
| Price per sq ft | $437 | $257 |
| Built year | 1976 | 0 |
| HOA | $0 | $0 |
| Days on market | 34 | 526 |
Jun 18, 2026
$2,495,000
Initial Listing