9580 W Reno Avenue 246, Las Vegas, NV 89148, Las Vegas, 89148 - 2 bed, 2 bath
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Las Vegas, NV 89148
This Income-Generating Condominium is a Strong Value Opportunity with a List Price of $249,900—positioned well below the $268,834 Fair Market Value by 7%. This valuation gap offers $18,934 in Instant Equity. Currently holding a Fair Condition Rating, the property features a high-demand dual master suite layout and includes a built-in tenant for immediate ROI. Situated in a gated community with a community pool and spa, this asset is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9580 W Reno Avenue 246 Subject | $239,900* List Price | 2 | 2 | 1,151 | $208 | - |
A 9580 W Reno Avenue 240 Sold | $265,000 | 2 | 2 | 1,151 | $230 | 0.1 mi |
B 9580 W Reno Avenue 130 Sold | $227,000 | 2 | 2 | 884 | $257 | 0.1 mi |
C 9580 W Reno Avenue 238 Active | $280,000 List Price | 2 | 2 | 1,151 | $243 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005, this property is nearly 20 years old and appears to be in mostly original condition. While functional and move-in ready for a tenant, the kitchen features dated builder-grade oak cabinetry and basic white appliances. The carpeting shows visible signs of wear and shadowing, and the overall aesthetic reflects the construction era without recent modern updates. It fits the 'fair' criteria as the major components are functional but show clear signs of being outdated.
The property comes with a built-in tenant, making it a turn-key opportunity for investors seeking immediate cash flow without the typical vacancy or marketing period.
The floor plan features two master bedrooms on opposite sides of the unit, which is highly desirable for roommates and maximizes privacy for occupants.
Located in a secure gated subdivision, the unit offers convenient access to a community pool and spa, along with ample guest parking near the building.
As a second-floor unit, the property may be less appealing to individuals with mobility concerns or those who prefer the convenience of ground-level entry.
The monthly association fee of $262 adds a significant fixed cost that investors must account for when calculating their net return on investment.
Investors dream to buy in the heart of Summerlin Las Vegas*** built in tenant already!! This cozy second floor... 2 bedroom condo has dual masters bedrooms on opposite sides, perfect for roommates*nice size balcony off the dining room, ceiling fans*all appliances included*quiet subdivision that is gated, has lots of extra parking near unit*walking distance to the community swimming pool & spa* A MUST SEE!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,151 | 1,077 | 67% |
| Lot Size | 6,190 | - | 81% |
| Price | $239.9K | $255.0K | 19% |
| Price per sq ft | $208 | $237 | 10% |
| Built year | 2005 | 2004 | 81% |
| HOA | $262 | $245 | 81% |
| Days on market | 80 | 187 | 5% |
Apr 21, 2026
$239,900
$249,900
-4% Price Drop
Initial Listing
Feb 1, 2026
$249,900
Initial Listing