- Overview
- Description
- Property Details
- Location
- Facts & Features
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- Nearby Homes
$395,000
Monthly Est:$1,966
-- Bed
1 Bath
--sqft
414 E Cedar St, Olathe, KS 66061
$395,000
$1,966/moEst:
Get Pre-Approved
Apartment
Built in 1900
$-- HOA
1.48 acres lot
--/sqft
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.
- Houzeo last checked: 7 hours ago
- Listing updated: September 9, 2026 at 7:52 pm
- Listing Provided by: Michelle Lutz (913) 426-5576 | Lutz Sales + Investments (913) 426-5576
- Source: Heartland MLS-KS | MLS#: 2617191
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1900
HOA Fees
-
Finished Area
- sqft
Lot Size
1.48 acres lot
Basement Area
- sqft
MLS Name
Heartland MLS
MLS Number
2617191
MLS Status
Active
Days on Market
149
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: 1
Interior
Heating
None
Cooling
Window Unit(s)
Sewer
Public Sewer
Construction
Year Built
Year Built: 1900
Home type
Apartment
Construction Materials
Stucco
Roof
Composition
Utilities & Energy
Parking Features
Off Street, On Street
Utilities
Master Meters, Separate Meters
Water Source
City/public Verify
Other Features
Subdivision Name
Other
Price History
| Date | Event | Price |
|---|---|---|
09/09/2026 Source: | Price Decreased | $395,000 -20.20% $0/sqft |
08/03/2026 Source: | Listed for Sale | $495,000 $0/sqft |
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Based on information from the Kansas City Regional Association of REALTORS® or Heartland MLS through Oct 01, 2026, 02:47PM. The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Heartland MLS does not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non- commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Some IDX listings have been excluded from this website. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation, or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company. © 2026 Heartland Multiple Listing Service, Inc. All Rights Reserved.
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