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414 E Cedar Street, Olathe, KS 66061

Olathe
Local realty services provided by:CENTURY 21 Team Elite
414 E Cedar Street,Olathe, KS 66061
$395,000
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  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: michelle lutz
Office: lutz sales + investments
MLS#:2617191
Source:MOKS_HL

Price summary

  • Price:$395,000

About this home

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...

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Home facts

  • Year built:1900
  • Subdivision & Development:Other
  • Listing ID #:2617191
  • Added:154 day(s) ago
  • Updated:October 07, 2026 at 02:34 PM

Rooms and interior

  • Basement:Yes

Heating and cooling

  • Cooling:Window Unit(s)

Structure and exterior

  • Roof:Composition
  • Year built:1900
  • Lot area:1.48 Acres
  • Construction Materials:Stucco

Utilities

  • Water:City/Public - Verify
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$395,000

Parking

  • Parking description:Off Street, On Street
MLS LogoHeartlandMLS©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the HeartlandMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data <Last Updated October 7, 2026 MOKS_HL Member Broker: Gregory Freeman

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