414 E Cedar St Olathe, KS 66061
Olathe AreaEstimated payment $3,179/month
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. Information deemed reliable but not guaranteed. No seller finance, please do not ask.
Listing Agent
Lutz Sales + Investments Brokerage Phone: 913-426-5576 License #SP00239672 Listed on: 05/05/2026
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,526
Year Built
- Built in 1900
Home Design
- Composition Roof
- Stucco
Interior Spaces
- 10 Bathrooms
- 5,029 Sq Ft Home
- 3-Story Property
- Basement
Parking
- On-Street Parking
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Separate Meters
- Master Gas Meter
- Master Water Meter
Community Details
- No Home Owners Association
- 10 Units
Listing and Financial Details
- Assessor Parcel Number DF231336-1002
- $0 special tax assessment
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/03/2026 08/03/26 | Price Changed | $495,000 | -5.7% | $98 / Sq Ft |
| 05/05/2026 05/05/26 | For Sale | $525,000 | -- | $104 / Sq Ft |
Source: Heartland MLS
MLS Number: 2617191
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Listings courtesy of Heartland MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888) 952-6393
- 401 S Harrison St
- 226 S Chestnut St
- 336 E Park St
- 528 E Loula St
- 445 S Chestnut St
- 563 E Park St
- 12900 Gardner Rd
- 708 S Harrison St
- 300 N Buchanan St
- 119 N Mahaffie St
- 1001 E Cedar St
- 1016 E Elm St
- 612 S Sherman Ave
- 111 S Annie St
- 616 S Lee Ave
- 805 S Brentwood St
- 605 E Johnston St
- 825 S Weaver St
- 813 W Sheridan St
- 909 E Johnston Cir
- 110 S Chestnut St
- 4420 S Parkway Dr
- 763 S Keeler St
- 817 E Sheridan St
- 126 S Julia St Unit 126 S Julia St, Olat
- 126 S Julia St
- 892 E Old Highway 56
- 1206 E Loula St
- 627 N Iowa St
- 423-423 N Marion St Unit 423 N Marion St
- 275 S Parker St
- 1105 W Elm Terrace
- 1440 E College Way
- 1110 W Virginia Ln
- 740 S Avalon Cir
- 1424 E Willow Dr
- 515 S Clairborne Rd
- 1013 E Layton Dr
- 115 N Saxony Dr
- 1015 N Jan-Mar Dr
Ask me questions while you tour the home.