$395,000
 $2,120 est/mo Sourced by Back At You

414 E Cedar Street,Olathe, KS 66061

Olathe, KS 66061

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Description

Amazing project property with massive upside in the heart of Olathe. This 10-unit multifamily building is 100% vacant and ready for a full down-to-the-studs renovation. The location is unbeatable-just a 5-minute walk from the $250M downtown revitalization, including the new City Hall, Johnson County Courthouse, and the emerging lifestyle district filled with new retail and dining.The property sits on a rare 1.48-acre lot confirmed as R5 High Density zoning. This offers a unique dual opportunity: rehab the existing structure into a high-cash-flow showplace while exploring the potential to add more buildings on the oversized parcel. The units are already sub-metered for electric and water (gas is master), providing a huge head start on stabilization. While it needs a heavy lift to become occupied once again, the land value and prime location make this an irreplaceable asset. Buyer to verify all future development possibilities. This is a historical property and was the old Mill building with 2 foot thick limestone construction. Information deemed reliable but not guaranteed. No seller finance, please do not ask.

Details

MLS #2617191
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site129
Listing Provided ByLutz Sales + Investments | Michelle Lutz

Features

BasementY
Story(s)3
Units10
ZoningMF
Acreage1.48

Taxes

Property5526

Area Information

StateKS
CountyJohnson, KS
CityOlathe
Zip Code66061
Area320 N=75th;S=I 435;E=State Ln;W=I 35 & K 12
Community NameOther
Listing VS Median (in Other)
Price:
$395,000
low | high
Med:
$269,999
81.64582278481% of Average
On site:
129
low | high
Med:
37
100% of Average
Sourced by Back At You

Market Activity 66061

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Listings courtesy of Kansas City Regional Association of REALTORS as distributed by MLS GRID.

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Learn More About This Property

StateKS
CountyJohnson, KS
CityOlathe
Zip Code66061
Area320 N=75th;S=I 435;E=State Ln;W=I 35 & K 12
Community NameOther
Listing VS Median (in Other)
Price:
$395,000
low | high
Med:
$269,999
81.64582278481% of Average
On site:
129
low | high
Med:
37
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $296K - $493K
sqft: 0 - 0
Listing Updated: September 9, 2026 at 1:10:07 PM PDT