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$350,000Single story

120 Pico WayLas Vegas, NV 89101

  • 4 beds
  • 2 baths
  • 1,361 sq ft
  • 7,405 sq ft lot
  • Built 1943

Listed by Jorge Alvarez, Real Broker LLC, 702-853-2444

$257 per sq ft41 days on marketIDX MLS 2758415

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About this home

Short Sale Bank Approved on 10/29/26. Appraised at $350K., Completely rebuilt from the ground up in 2023 with a corrected living area of 1,361 sq. ft. This is essentially new construction in an established Downtown Las Vegas neighborhood, located just five blocks from the Fremont Experience a high-demand rental corridor driven by tourism, entertainment, and employment centers. The property offers 4br 2bths, creating strong rental appeal for workforce housing, shared living, or short/medium-term rental strategies (buyer to verify zoning and STR eligibility, All major systems were replaced in 2023: roof, framing, plumbing, electrical, HVAC, stucco, flooring, doors, and finishes significantly reducing near-term capital expenditure risk.

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Interior features include a new kitchen with granite countertops, modern cabinetry, stainless steel appliances, and in-unit washer/dryer. The backyard includes a sewer clean-out for potential future casita development, offering ADU expansion or additional income stream opportunity (subject to city approval).

How does this home compare?

At $257 a square foot, this home is right at the Downtown Las Vegas median of $258. It is larger than 56% of the 185 homes for sale there.

  • Priced higher than43%
  • Larger than56%
  • Listed longer than54%

Compared with the 185 homes for sale in Downtown Las Vegas today, from the MLS listings on this site.

What has the price done?

Listed 41 days ago at $329,900.

  1. Listed$329,900
  2. Price raised $20,100$350,000
  3. Back on the market$350,000

Facts and features

The home

Type
Single Family Residence
Bedrooms
4
Bathrooms
2
Living area
1,361 sq ft
Stories
1
Year built
1943
Primary bedroom
Downstairs
Solar power
Yes

Inside

Heating
Central, Electric
Cooling
Central Air, Electric
Flooring
Linoleum, Vinyl
Appliances
Built In Electric Oven, Dryer, Electric Cooktop, Electric Range, Disposal, Microwave, and more
Laundry
Electric Dryer Hookup, Laundry Closet, Main Level
Features
Bathroomon Main Level, Bedroom On Main Level, Ceiling Fans, Primary Downstairs

The lot and outside

Lot
7,405 sq ft
Private pool
No
Spa
No
Casita or guest house
Yes
Parking
Open
Roof
Composition, Shingle
Built of
Drywall
Outside
Private Yard
Facing
North

Costs

Property tax
$2,781 a year

The community

Neighborhood
Mayfair #03
Community
Downtown Las Vegas
Gated
No

Schools

Elementary
Hollingswoth, Howard
Middle
Fremont John C.
High
Valley

As the listing names them. Schools are assigned by address and can change from year to year. Confirm with CCSD

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Jeremy DayFive Star Mortgage · NMLS 2819600
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Get pre-approved

Know your number before you tour

Sellers take offers with a pre-approval more seriously. Jeremy Day at Five Star Mortgage can usually pre-approve you within a day.

Jeremy DayFive Star Mortgage · NMLS 2819600
Or apply online with Jeremy

Optional. You are free to use any lender.

Where it is

Where is 120 Pico Way?

In Mayfair #03, part of Downtown Las Vegas, Las Vegas. The prices on the map are 6 similar homes for sale nearby.

Typical drives from Downtown Las Vegas
  • Center of the Strip12 min*
  • Harry Reid International Airport15 min*
  • Smith Center for the Performing Arts3 min*
  • Springs Preserve10 min*
Downtown Las Vegas guide Directions
Cost of ownership

What would this home cost each month?

At the list price of $350,000 with 20 percent down, here is an estimate of the monthly payment, including taxes, insurance, and HOA dues. Change any number to fit your budget.

Estimated monthly payment $2,111
  • Principal and interest$1,770
  • Property tax$175
  • Home insurance$167
  • HOA dues$0

Illustrative only. Your lender, the county assessor, and your insurer set the real numbers. Not a loan offer from VIPhomes.Vegas.

Market

What are homes selling for in Downtown Las Vegas?

Homes in Downtown Las Vegas sold for a median of $317,500 over the last 12 months, usually in about 34 days at 96.2 percent of the original list price. With 127 homes for sale, that is 8 months of supply. Supply is high, which gives buyers room to negotiate.

Median sold price
$317,500
Median days to sell
34
Sale to original price
96.2%
Months of supply
8

Median sold price by month

$200K
$250K
$300K
$350K
$400K
$220K

Closed sales in Downtown Las Vegas, last 12 months, 166 sales. LVR data as of November 9, 2026.

Prices

How many Downtown Las Vegas homes are for sale at each price?

Downtown Las Vegas has 127 homes for sale. The most, 50, are priced between $300K and $400K.

Lifestyles

What other kinds of homes are for sale in Downtown Las Vegas?

Downtown Las Vegas has 104 condos and lofts and 25 luxury homes for sale today.

Condos and lofts104 for sale in Downtown Las Vegas Luxury homes25 for sale in Downtown Las Vegas Golf views394 for sale in Las Vegas Guard gated1,444 for sale in Las Vegas High rise condos660 for sale in Las Vegas 55+ communities503 for sale in Las Vegas
Fine print
  • Listing information from LVR IDX, refreshed November 9, 2026. Deemed reliable but not guaranteed. Square footage and lot size are from the listing and may not be exact.
  • Drive times are typical off-peak times from the middle of Downtown Las Vegas, not live traffic. Times marked * are estimates.
  • The payment estimate is illustrative. Your lender, the county assessor, and your insurer set the real numbers.

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