8501 W University Avenue 2088, Las Vegas, NV 89147, Las Vegas, 89147 - 3 bed, 2 bath
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Las Vegas, NV 89147
This Strong Value Opportunity is a 3-bedroom condominium listed at $274,999, positioned well below the $268,871 Fair Market Value by -2%. Featuring a Fair Condition Rating, the unit offers a turnkey interior with fresh paint and new carpet, complemented by community pool and spa access. While the school district ratings are moderate, the functional layout and central location provide stable utility. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready, low-maintenance residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8501 W University Avenue 2088 Subject | $274,999* List Price | 3 | 2 | 1,090 | $247 | - |
A 8501 W University Avenue 2078 Sold | $245,000 | 2 | 2 | 1,019 | $240 | 0.0 mi |
B 8501 W University Avenue 1123 Sold | $269,000 List Price | 3 | 2 | 1,090 | 0.1 mi | |
C 7950 W Flamingo Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.8 mi |
D 7950 FLAMINGO Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.8 mi |
E 7950 W FLAMINGO Road 2145 Sold | $239,000 | 2 | 2 | 1,023 | $234 | 0.8 mi |
F 7950 W Flamingo Road 2145 Sold | $239,000 | 2 | 2 | 1,023 | $234 | 0.8 mi |
G 8501 W University Avenue 1081 Active | $255,000 List Price | 2 | 2 | 1,019 | $250 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is 25 years old, placing it in the 'Fair' category. While the listing mentions fresh paint and new carpet, the kitchen remains dated with original oak cabinetry and white tile countertops. It is functional and move-in ready, but the core finishes exceed the 20-year threshold for a 'Good' rating.
The property is move-in ready featuring fresh interior paint, brand-new carpeting, and all appliances included, reducing immediate post-purchase costs for the buyer.
Situated in a secure gated community, the residence offers a lifestyle-oriented package including a pool, spa, and exercise room, which enhances tenant appeal and owner enjoyment.
Finding a three-bedroom configuration at this price point is a significant advantage, especially with desirable features like a fireplace and a separate master bedroom for added privacy.
At 1,090 square feet, the three-bedroom layout may result in smaller individual room sizes and limited storage compared to lower-density units.
The assigned secondary schools have lower performance ratings (4/10 and 5/10), which could be a deterrent for families prioritizing education and may impact future appreciation.
Vacation Life Style 3 bedroom Condo, large living room with fireplace, separate master bedroom, balcony, fully appointed kitchen, all appliances included, freshly painted and new carpet, 2nd floor, covered parking, 2 full bathrooms, gated community with community pool and spa, exercise room, central location close to all the fun!
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 96% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,090 | 1,023 | 65% |
| Lot Size | - | - | 50% |
| Price | $275.0K | $236.0K | 71% |
| Price per sq ft | $252 | $230 | 76% |
| Built year | 1999 | 1997 | 51% |
| HOA | $235 | $196 | 71% |
| Days on market | 20 | 483 | 2% |
May 27, 2026
$274,999
Initial Listing