797 East Harmon Avenue 20, Las Vegas, NV 89119, Las Vegas, 89119 - 0 bed, 1 bath
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Las Vegas, NV 89119
This studio represents a High-Potential Investment Opportunity with a List Price of $125,000—positioned well above the $88,867 Fair Market Value by -40%. While the current list price exceeds the estimated value, the property’s Strategic Location near UNLV and the Las Vegas Strip, combined with a low $101 Association Fee, supports long-term rental demand. Given the Condition Rating of 5, the unit requires significant interior rehabilitation. This asset is best suited for Buy-and-Hold Investors or first-time buyers focused on value-add renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 797 East Harmon Avenue 20 Subject | $119,999* List Price | 0 | 1 | 392 | $170 | - |
A 1381 E UNIVERSITY Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.7 mi |
B 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.7 mi |
C 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.7 mi |
D 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.7 mi |
E 4600 University Center Drive 177 Active | $112,500 List Price | 1 | 1 | 416 | $270 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1985 (39 years old) and the listing lacks any mention of recent renovations. Based on the age exceeding 30 years and the visible wall-mounted HVAC units, the systems and interior (kitchen/bath) likely require significant rehabilitation to meet modern standards.
The property is ideally situated minutes from UNLV, the Las Vegas Strip, and Harry Reid International Airport, offering unparalleled access to major employment hubs and entertainment.
With a competitive entry-level price point and a remarkably low monthly association fee of $101, this unit presents a strong opportunity for a high-yield rental investment.
Units in the Scarlet & Grey community rarely become available, indicating a high-demand area with low turnover, which supports long-term value retention.
At only 392 square feet, the compact studio layout may restrict the potential buyer pool to single occupants or short-term residents.
The property is zoned for schools with low performance ratings (2-3/10), which could be a drawback for future resale value to family-oriented buyers.
LOCATION, LOCATION, LOCATION! Conveniently located near UNLV, the Thomas & Mack Center, the Las Vegas Strip, shopping, popular dining, and Harry Reid International Airport. This studio offers a great opportunity for a long-term investment, future owner-occupancy, or second home. Enjoy nearby entertainment and city conveniences just minutes away. Units in this community rarely become available!
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 3% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 392 | 800 | 4% |
| Lot Size | - | - | 50% |
| Price | $120.0K | $107.5K | 63% |
| Price per sq ft | $306 | $159 | 96% |
| Built year | 1985 | 1980 | 69% |
| HOA | $101 | $175 | 19% |
| Days on market | 15 | 1490 | 1% |
May 29, 2026
$119,999
$125,000
-4% Price Drop
Initial Listing
May 22, 2026
$125,000
Initial Listing