9727 Waukegan Avenue, Las Vegas, NV 89148, Las Vegas, 89148 - 5 bed, 3 bath
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Las Vegas, NV 89148
This Value-Add Residential Asset presents a High-Potential Investment Opportunity with a List Price of $475,000. Featuring a spacious 5-bedroom layout and a generous backyard patio, the property is currently at a Condition Rating of 5 and requires a full interior renovation. Located on a desirable corner lot in Southwest Las Vegas near the 215, the home offers significant forced appreciation potential through strategic updates. This project is an ideal acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors looking to capitalize on high rental demand in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9727 Waukegan Avenue Subject | $475,000* List Price | 5 | 3 | 2,415 | $165 | - |
A 6449 Lake Scene Street Sold | $485,000 | 3 | 3 | 2,326 | $209 | 0.4 mi |
B 9936 Elkhead Creek Way Sold | $355,000 | 3 | 3 | 1,623 | $219 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly marketed as an 'Investor Special' and requires a full renovation. While built in 2005, the interior shows significant signs of wear and neglect; the kitchen is missing all major appliances (stove, refrigerator, microwave), and the bathrooms feature outdated builder-grade oak cabinetry and fixtures. The listing description confirms the home is priced for a rehab project, indicating it is not in move-in condition and requires substantial rehabilitation to meet current market standards.
Situated in the desirable Southwest Las Vegas area near Durango and the 215, the property offers excellent accessibility and high demand for both resale and rentals.
Featuring 5 bedrooms, 3 bathrooms, and over 2,400 square feet of living space, the open-concept floor plan and large primary suite provide a versatile foundation for a high-end renovation.
As a corner lot with RV gate potential and priced for a rehab, this property allows investors to force equity and customize finishes to maximize ROI in a strong performing market.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The property is being sold as an 'investor special' needing a full renovation, which requires significant capital, time, and oversight before it can be occupied or flipped.
With a lot size of only 3,485 square feet for a large two-story home, the outdoor space is relatively constrained, which may limit appeal for buyers seeking a substantial backyard.
Investor Special | Flip or Hold | SW Las Vegas Corner Lot | Southwest Ranch| Near Durango & 215. Whether you're looking to flip for profit or build long-term cash flow, this 5-bedroom, 3-bath two-story on a corner lot in Southwest Ranch checks the box either way. The property needs full renovation — priced accordingly. Complete creative control for the flipper, forced equity for the buy-and-hold investor. Solid bones: open-concept main level, large primary suite with vaulted ceilings, dual vanities, soaking tub and separate shower, plus a generous backyard patio with RV gate potential. The flip case: Renovated 5/3 comps in SW Las Vegas are performing strongly. Corner lot and high buyer demand make this a clean exit. The rental case: SW Las Vegas 5-bedroom rentals regularly command $2,400–$2,800+/mo post-rehab. Families rent longer, vacancy stays low. Either way — renovate once, profit on your terms. Priced for the rehab. Built for the return.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 85% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,415 | 2,071 | 66% |
| Lot Size | 3,485 | 3,920 | 39% |
| Price | $475.0K | $415.0K | 62% |
| Price per sq ft | $197 | $220 | 40% |
| Built year | 2005 | 2006 | 50% |
| HOA | $62 | $58 | 55% |
| Days on market | 16 | 890 | 0% |
Apr 6, 2026
$475,000
Initial Listing