706 Dike Lane, Las Vegas, NV 89106, Las Vegas, 89106 - bed, bath
706 Dike Lane
Las Vegas, NV 89106
Property Price
SUMMARY
Analysis of 706 Dike Lane, Las Vegas, NV 89106 is currently available with a list price of $510,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
While originally built in 1953, this duplex has undergone extensive recent renovations that place it in the 'good' category. Significant updates include newer plumbing and sewer lines, fire and soundproof insulation, and modern interior finishes such as vinyl plank flooring and stainless steel appliances. The property is move-in ready with fresh paint and updated systems, though its overall vintage and standard rental-grade finishes keep it from reaching the 'excellent' tier.
PROSSTRENGTHS & OPPORTUNITIES
- Income Versatility & Growth Potential
This duplex offers exceptional flexibility with no HOA, a month-to-month tenant already in place, and the potential to convert the primary bedroom into a studio or add an RV hook-up on the large lot.
- Extensive Modern Upgrades
The property features significant capital improvements including newer plumbing, upgraded sewer lines, fire and soundproof insulation, and updated interiors with vinyl plank flooring and stainless steel appliances.
- Prime Central Location
Strategically situated near Downtown Las Vegas and the Strip with immediate freeway access, the property is also positioned to benefit from the nearby proposed Hilo Park redevelopment project.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Originally built in 1953, the property may still present challenges inherent to older homes despite recent cosmetic and plumbing upgrades.
- Low-Rated Secondary Schools
While some local elementary schools perform well, the assigned middle and high schools have lower ratings, which could limit the appeal for families with older children.
About 706 Dike Lane
Great investor opportunity with strong rental income potential and NO HOA! Live in one unit while the other is currently rented month to month. This extensively upgraded duplex sits on a large lot with room to grow. Updates include newer plumbing throughout, upgraded sewer plumbing, fire and soundproof insulation under new upstairs subfloors, vinyl plank flooring, stainless steel appliances, and exterior paint done a few years ago. Both units were freshly painted within the last 3 years and include washer/dryer. The property offers ample on-site and street parking, plus sewer plumbing installed for a potential RV hook-up. The downstairs primary bedroom has a private entrance and could be used or converted into an attached studio. Centrally located near Downtown Las Vegas, the Strip, convention centers, and just one block from freeway access. Nearby is the proposed Hilo Park project at the former Texas Station Casino site.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1953
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
Mabel Hoggard Elementary School
Grades PK-5 • 0.4 mi
Twin Lakes Elementary School
Grades PK-5 • 0.9 mi
Wendell P. Williams Elementary School
Grades PK-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,982 | 1,646 | 83% |
| Lot Size | 7,405 | 6,970 | 67% |
| Price | $510.0K | $357.0K | 83% |
| Price per sq ft | $257 | $208 | 83% |
| Built year | 1953 | 1954 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 65 | 770 | 17% |
Pricing History
Listed for Sale
Jan 1, 2026
$510,000
Initial Listing