414 E Cedar ST, Olathe, KS 66061
414 E Cedar ST, Olathe, KS 66061
414 E Cedar ST, Olathe, KS 66061
414 E Cedar ST, Olathe, KS 66061
414 E Cedar ST, Olathe, KS 66061
414 E Cedar ST, Olathe, KS 66061
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Carolyn Marischler

Carolyn Marischler

+1(913) 513-3303
Listed by Michelle Lutz • Lutz Sales + Investments
$ 525,000
Est. payment | /mo

1.48 Acres Lot

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$ 525,000
Est. payment | /mo
Save Virtual Tour

1.48 Acres Lot

Key Details

Property Type Single Family Home, Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2617191

Year Built 1900

Annual Tax Amount $5,526

Lot Size 1.478 Acres

Acres 1.477663

Property Sub-Type Apartment

Source hmls

Property 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. Information deemed reliable but not guaranteed. No seller finance, please do not ask.

Location

State KS

County Johnson

Zoning MF

Interior

Heating None

Cooling Window Unit(s)

Fireplace N

Exterior

Parking Features false

Utilities Available Master Meters, Separate Meters

Roof Type Composition

Building

Story 3

Sewer Public Sewer

Water City/Public - Verify

Structure Type Stucco

Schools

School District Olathe

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.dropbox.com/scl/fo/senl7b236gk24qrafaqds/AAr13JrCJQPCKnl82K8fmMU?rlkey=h1zos6bo0gwauc8u602vdmini&st=pwxb64vy&dl=0

Heartland MLS KS / Southeast Kansas AOR

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Carolyn Marischler

+1(913) 513-3303

mcm@mgroupkc.com

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414 E Cedar ST