5701 Idle Avenue, Las Vegas, NV 89107, Las Vegas, 89107 - 3 bed, 3 bath
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Las Vegas, NV 89107
This Value-Add Residential Asset is a Strong Value Opportunity, listed at $360,000—positioned well below the $382,489 Fair Market Value by 5%. This valuation gap provides $22,489 in Instant Equity for an incoming buyer. Currently holding a Fair Condition Rating with deferred maintenance, the property offers significant ROI potential through functional modernization. The 0.18-acre lot and No HOA restrictions provide rare flexibility and expansion potential near the Las Vegas Medical District. This is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5701 Idle Avenue Subject | $378,000* List Price | 3 | 3 | 1,494 | $251 | - |
A 5213 Sugarfoot Avenue Sold | $355,000 | 4 | 2 | 1,638 | $217 | 1.0 mi |
B 221 UPLAND Boulevard Sold | $395,000 | 3 | 2 | 1,516 | $261 | 0.5 mi |
C 6444 Bannock Way Sold | $348,000 | 3 | 2 | 1,274 | $273 | 0.9 mi |
D 700 S Mallard Street Sold | $271,500 | 3 | 2 | 1,202 | $226 | 0.2 mi |
E 6253 Factor Avenue Pending | $375,000 List Price | 3 | 2 | 1,350 | $278 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this property shows signs of age and deferred maintenance typical of a 'fair' condition rating. The exterior features a window AC unit, which often indicates an inadequate or failing central HVAC system, and the grounds show neglect with weeds growing through the driveway. While the structure appears sound, the property requires significant cosmetic and functional modernization, particularly in the kitchen and bathrooms, to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1494.
The property is strategically located near the Medical District and Downtown Las Vegas, offering excellent accessibility for healthcare professionals and urban commuters.
The absence of a homeowners association provides owners with significant financial savings and the freedom to customize the property without restrictive covenants.
Built in 1955, the residence may require significant updates to major mechanical systems and structural components to meet modern efficiency standards.
Given its age and market positioning, buyers should anticipate additional capital expenditure for cosmetic and functional modernization to maximize the home's value.
NO HOA! SINGLE-STORY GEM NEAR MEDICAL DISTRICT – PRICED TO MOVE! Incredible opportunity to own a detached single-story home in the heart of the established 89107 zip code. Boasting over 1,300 sq. ft. of living space on a generous 0.18-acre lot, this home offers a classic layout with a large private backyard—all with the freedom of NO HOA. Perfectly situated just minutes from the Medical District, Downtown Las Vegas, and easy freeway access via the US-95 and I-15.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,494 | 1,662 | 38% |
| Lot Size | 7,841 | 6,534 | 71% |
| Price | $378.0K | $360.0K | 57% |
| Price per sq ft | $253 | $212 | 67% |
| Built year | 1955 | 1963 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 97 | 284 | 1% |
Apr 27, 2026
$378,000
$360,000
+5% Price Increase
Initial Listing
Mar 11, 2026
$360,000
Initial Listing